China’s mercantilist squeeze on developing countries
Shoumitro Chatterjee and Arvind Subramanian in this PIIE research show how China is limiting industrialisation in developing economies: Concern over China’s trade surplus is again resurging in the United States and Europe, but less attention has been paid to what China’s surplus means for low- and m
UK borrows more than forecast in April as inflation adds to benefits bill
The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bnThe UK borrowed more than expected in April as high inflation drove up the cost of pensions and benefits, with concern over the Iran war and political uncertainty adding to debt costs.Th
