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The Scottish Government plans to issue its first bonds, nicknamed 'kilts,' in 2026-27, supported by credit ratings equal to the UK. The move aims to fund infrastructure and demonstrates Scotland's fiscal maturity, though independence could threaten its credit status.
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Official figures show the UK economy contracted by 0.1% in October, marking the second consecutive monthly decline. The slowdown is linked to pre-Budget uncertainty, a cyberattack on Jaguar Land Rover, and subdued consumer spending. Economists expect a Bank of England rate cut next week amid ongoing economic fragility.
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From April 6, 2026, most UK benefits will rise by 3.8%, with the state pension increasing by 4.8%. These adjustments aim to address inflation and wage growth, but many recipients will see the increases reflected in payments processed retrospectively. Support schemes and key dates are outlined.