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government meeting held over high temperature amid ‘strain on public finances’","url":"https://stock-news.laohu8.com/highlight/detail?id=2658971535","media":"cityam","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658971535?lang=en_us&edition=fundamental","pubTime":"2026-08-12 18:19","pubTimestamp":1786529960,"startTime":"0","endTime":"0","summary":"The Prime Minister’s spokesperson said the Cobra meeting was proving to be a challenge for firefighters, doctors and farmers.“We will continue to take the action needed to keep communities safe, protect water supplies, support farming communities and safeguard the environment,” they added.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.The Cobra meeting on Wednesday afternoon will be the second held this summer in response to high temperatures.City analysts have meanwhile argued that the drought and high temperatures led to a “rude awakening” for food suppliers as climactic changes were “here to stay”.“Extra measures to keep as much of the harvest safe as possible, increased health and safety measures, and firefighting, all cost more money, and this will end up being a further strain on public coffers,” said Angeline Ong, a senior technical analyst at the investment platform 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This is an annual review looking at the dangers facing the UK over the next half-century.However you look at it, our public finances are deteriorating rapidly, and unless action is taken, we could wind up in a car-crash situation.‘Unsustainable and ever-rising’“In nearly all of the scenarios we explore, debt eventually moves onto an unsustainable and ever-rising path,” the OBR writes, in one of dozens of damning verdicts over the way successive governments have managed the economy.Longstanding taxes are rapidly diminishing in their importance to the exchequer. 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