Bloomberg The UK Chancellor of the Exchequer Rishi Sunak was handed a major boost before Wednesday’s Spring Statement, as data showed the budget deficit was running 26 billion pounds ($34 billion) below official forecasts in the first 11 months of the fiscal year. The undershoot, which may rise even further when full-year figures are published next month, gives Sunak some ...

  Bloomberg Spain will announce a series of tax breaks later this month to mitigate the economic consequences of the war in Ukraine, Prime Minister Pedro Sanchez said. “The main message is that the government is going to do everything in its power to cushion the consequences of the war,” Sanchez said in an interview with La Sexta television channel. ...

  Bloomberg Swiss watch exports jumped 25% in February as US buyers kept driving a post-pandemic rebound in demand for pricey timepieces. The US remained the top market with a 15% share while China accounted for almost 12% of the nearly 2 billion francs ($2.1 billion) in total monthly exports, the Federation of the Swiss Watch Industry said. American consumers ...