Former UK Minister Jones suggests Burnham's VAT cut is unfunded
The former UK Minister Jones is suggesting that Burnham's proposed VAT cut lacks sufficient funding, raising concerns about its sustainability.
Spain's government plans to back Pablo Hernandez de Cos as its candidate for the ECB presidency, Expansion reports
JPMorgan (JPM) and other US banks are reportedly nearing an agreement to provide some financing under Japan's USD 550bln US investment pledge, sources suggest
Former UK Minister Jones suggests Burnham's VAT cut is unfunded
Israeli Finance Minister Smotrich says "the State of Israel has no interest in joining the conflict between Iran and the US - the current situation is the best for us", Ynet reports
Japanese Chief Cabinet Secretary Kihara says the specifics of monetary policy should be left to the BoJ
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This could have implications for fiscal policy discussions and overall market confidence in the UK's economic management. Watch for potential shifts in market sentiment as this underscores the fiscal constraints the government may be facing.
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