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By Martin Foskett | Newswire | Knelstrom Media BELGIUM, Brussels -- European Union governments have begun moving the legal handling of immobilised Russian central bank reserves away from the recurring sanctions renewal cycle and into the EU treaties' emergency economic framework, in an effort to make the restrictions harder to unwind and easier to use as financial backing for Ukraine.
By Martin Foskett | Newswire | Knelstrom Media UNITED KINGDOM, London -- The government's 2025 Budget outlines a period of steady fiscal tightening delivered in the language of cost-of-living relief, combining short-term consumer support with a long, restrained shift of the tax base toward wealth, property and higher-income households. The measures move public finances toward a primary surplus by the end of the decade while protecting investment and the NHS, even as reduced productivity expectations darken the long-term outlook.
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