economic-policy

UK Chancellor Rachel Reeves delivers a minimal spring statement this week, preserving fiscal capacity as government debt limits policy options across developed economies. The Iran conflict has pushed energy prices higher while debt trajectories force difficult trade-offs between economic support and fiscal credibility from Washington to London.

The US will add $5.5 trillion to national debt by 2034 while Social Security bankruptcy threatens 24% benefit cuts by 2032. The fiscal crisis comes as the world's largest economy faces Fed leadership transition and entitlement program collapse, creating what Goldman Sachs calls a "reckoning" for global markets.