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U.K. Faces Three Catastrophic Risks to Public Finances, Watchdog Says

  • Fiscal watchdog cites climate change, pandemic and debt pile
  • OBR sees $42 billion unfunded spending pressures over 3 years
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The U.K. faces three potentially catastrophic risks to its public finances, the government’s budget watchdog said, underlining the challenge confronting Chancellor of the Exchequer Rishi Sunak to restore fiscal restraint.