Sunday newspaper round-up: IMF, Brexit, UK corporatism, M&S, social housing, EV tariffs, Ukraine, Iran
(Sharecast News) - Labour risks being forced to seek emergency assistance from the International Monetary Fund as Britain edges toward a debt crisis, leading economists have warned, according to The Telegraph. Former IMF chief economist Ken Rogoff told the paper that repeated shocks - including Covid, Russia's invasion of Ukraine and the Iran war - had left the UK facing a "more than 50:50 chance" of a major debt crisis by 2030. Rogoff said such a scenario could trigger steep tax rises or spending cuts, and warned that if the Bank of England were to lose control of inflation, Britain might require a larger rescue package with IMF "support". The comments were framed as a warning to Labour leadership contender Andy Burnham.
Read MoreUS close: Tech rout drags Wall Street lower, Nasdaq suffers steepest drop in a year
(Sharecast News) - Major indices closed lower on Friday as investors digested May's jobs report, with the Nasdaq logging its biggest single-day decline since Donald Trump's "reciprocal tariff" announcements in April 2025.
Read MoreLondon close: Stocks edge higher, but uncertainty caps gains
(Sharecast News) - London's FTSE 100 rose for the second day on Friday, outperforming global stock indices, though gains were limited amid souring market sentiment towards the recent AI rally and following a strong US jobs report.
Read MoreGeorgia Capital offloads housing development business
(Sharecast News) - London-listed investment firm Georgia Capital has sold its housing development business, m2, for an undisclosed sum, which it says will improve its net capital commitment ratio.
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