Bloomberg The UK faces three potentially catastrophic risks to its public finances, the government’s budget watchdog said, underlining the challenge confronting Chancellor of the Exchequer Rishi Sunak to restore fiscal restraint. Unfunded pressures on government departments total some 30 billion pounds ($42 billion) over the next three years as a result of the pandemic, the Office for Budget Responsibility (OBR) ...

Bloomberg Canadians are entering the second half of the year more confident about their economic prospects than they’ve ever been. Consumer sentiment marched higher to a new record last week, according to polling by Nanos Research Group for Bloomberg News, driven by optimism about the outlook for the economy and growing job security. The numbers will stoke confidence among economists ...

Bloomberg President Joe Biden’s pledge to refrain from pursuing new trade deals is leaving a key training and assistance program for workers, who the administration says are at the center of its agenda, without a clear path for renewal. Biden on July 1 officially lost Trade Promotion Authority, or TPA — the fast-track deal-making ability Congress delegates to a president ...