Spending

Parties accused of ‘fiscal denial’ and failing to tell voters the scale of the challengeThe next Scottish government will need to make “really difficult” spending decisions soon after taking power, including tackling its large public sector pay bill, senior economists have said.Economists with the Fraser of Allander Institute, at the University of Strathclyde, believe the manifestos published by Scotland’s political parties during the campaign failed to tell voters about the true scale of the challenge. Continue reading...

• US GDP expanded at a 2.0% annualized rate in Q1 2026, rebounding from 0.5% in the prior quarter, driven by government spending, exports, and investment. • Consumer spending stayed strong in March, bolstered by rising personal income and consumption. • Manufacturing PMI hit its strongest since May 2022 per S&P Global, though possibly due to inventory buildup rather than demand.

First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran continues to impact energy prices.The last GDP reading for the fourth quarter of 2025 showed that US economic growth slowed to a 0.5% pace, largely due to a contraction in government spending after massive layoffs of federal workers last year. The federal government is down 355,000 workers, or 11.8% of the workforce, since October 2024, according to the Bureau of Labor Statistics. Continue reading...

• A majority of Americans express concern over rising healthcare costs and support increased federal tax spending to address these challenges, according to the Axios/Ipsos American Health Index released March 17, 2026. • The poll demonstrates bipartisan support for government action on healthcare affordability, reflecting widespread concern among the U.S. public about escalating medical expenses. • Americans also show increased trust in government handling of childhood vaccination decisions, signaling broader public confidence in health policy interventions.

Minister tells Guardian Australia despite substantial changes to disability scheme, it will remain one of best support services ‘anywhere in the world’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMark Butler has defended the government’s decision to trim the NDIS just days after announcing $53bn in new defence spending, with the health minister conceding Australians may be “uneasy” but insisting it would remain one of the best support services “anywhere in the world”.The Coalition looks likely to back the proposed changes, despite alarm from the Greens and some in the disability sector about the 160,000 participants expected to be removed by 2030 and changes to who can access the scheme. Continue reading...

Shell Australia says campaign needed to ‘counter-balance’ claims by levy advocates – but Ed Husic urges industry ‘do not spend millions defending the indefensible’The gas giants are mounting a multi-million dollar advertising campaign to fight against a new export tax, prompting Labor MP Ed Husic to accuse the industry of “defending the indefensible”.Shell Australia is among half-a-dozen oil and gas companies contributing around $1m to an Australian Energy Producers (AEP) campaign that attempts to justify the amount of tax the industry pays, a parliamentary inquiry heard on Wednesday. Continue reading...

The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggestFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor many coffee drinkers, takeaway orders are changing from a habitual purchase to an occasional treat, as elevated petrol prices and other living costs leave households feeling glum.This rapid shift in behaviour has disappointed cafe owners and surprised economists, raising an uneasy question: if takeaway coffee sales are falling, is the economy next? Continue reading...