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and high temperatures led to a “rude awakening” for food suppliers as climactic changes were “here to stay”.“Extra measures to keep as much of the harvest safe as possible, increased health and safety measures, and firefighting, all cost more money, and this will end up being a further strain on public coffers,” said Angeline Ong, a senior technical analyst at the investment platform 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devastating prognosis for the UK’s public finances","url":"https://stock-news.laohu8.com/highlight/detail?id=2650215806","media":"cityam","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2650215806?lang=en_us&edition=fundamental","pubTime":"2026-07-11 08:37","pubTimestamp":1783730220,"startTime":"0","endTime":"0","summary":"Government debt is projected to soar While much of the media obsesses over Nigel Farage’s fight with a man dressed as a bin, I have something more sobering to discuss as we kick off the weekend.The Office for Budget Responsibility’s report into fiscal risks and sustainability, published this week, is comfortably the most alarming yet. This is an annual review looking at the dangers facing the UK over the next half-century.However you look at it, our public finances are deteriorating rapidly, and unless action is taken, we could wind up in a car-crash situation.‘Unsustainable and ever-rising’“In nearly all of the scenarios we explore, debt eventually moves onto an unsustainable and ever-rising path,” the OBR writes, in one of dozens of damning verdicts over the way successive governments have managed the economy.Longstanding taxes are rapidly diminishing in their importance to the exchequer. 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