Friday, 23 October 2026 Updated 56 min ago
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Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse

Fast forward to Friday morning, and the treasurer revealed that his officials were busy downgrading their forecasts ahead of December’s mid-year budget…

Image accompanying the story: Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
Image: Photograph: Mick Tsikas/AAP · via The Guardian

The Guardian reports: Fast forward to Friday morning, and the treasurer revealed that his officials were busy downgrading their forecasts ahead of December’s mid-year budget update to show slower growth and higher unemployment.

This business story centres on the United Kingdom.

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Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
Jim Chalmers
Section
Business

Sources

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Read the full story at The Guardian

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