The UK labour market is showing some signs of further improvement, but the fiscal squeeze could soon bring this to a halt.

The result for many cities is a cruel fiscal squeeze.

To Dr. Reehill, the issue is fairness, spreading the pain of the fiscal squeeze.

This fiscal squeeze may in part be relieved by raising taxes or trimming defense.

The fiscal and monetary squeeze, combined with the North Sea oil effect, appreciated the real exchange rate.

Nonetheless, we still think that the nightmare scenario of a fiscal squeeze accompanied by rising interest rates will be avoided.

In the fiscal squeeze that has resulted, Kuwait has run a budget deficit for each of the last five years.

Add big public-spending cuts and the fiscal squeeze will take roughly 2% out of the economy this year.

Rising fuel costs, the government's fiscal squeeze and faltering global growth are all eating deep into spending power.

The weakness of consumer spending has been amplified by the government's fiscal squeeze, which has sucked still more demand out of the domestic economy.