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Tagged: cash buffer
- BusinessGovernment Cash Buffer May Have Halved; Potential Funding Options ExploredAccording to BBC UK, the government's cash buffer, which helps meet fiscal rules and reduce borrowing, may have decreased from approximately £24bn to as low as £11bn over the last six months, partly due to increased interest payments on private borrowing. The Chancellor, John Healey, may need to raise funds to restore this buffer, while facing pressure to fund defense spending and address the cost of living, despite Labour's 2024 manifesto pledges.5 min