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UK govt pledges to keep grip on spending ahead of budget
UK govt pledges to keep grip on spending ahead of budget
Economy
by  AFP

Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech. "We must bring inflation and borrowing costs down by keeping a tight grip on day to day spending through our non-negotiable fiscal rules," Reeves said in a statement.

EU presents Mercosur deal for member states' approval
EU presents Mercosur deal for member states' approval
Economy
by  AFP

The EU put forward a huge trade deal with South American bloc Mercosur for approval by member countries Wednesday, reassuring chief critic France it came with "robust" safeguards to protect farmers. Sensitive European products will be further protected from "any harmful surge in imports" by "robust safeguards", the commission said.