facing

Manchester City boss Pep Guardiola is facing a two-game touchline ban after being booked for the sixth time this season during Saturday’s FA Cup win at Newcastle.

Guardiola was shown a yellow card after confronting fourth official Lewis Smith on the touchline at St James’ Park after Kieran Trippier had fouled City’s Jeremy Doku.

New regulations introduced this season mean Premier League managers are suspended for one game once they have received three yellow cards, while six cautions will result in a two-match ban.

The ban applies to league and FA Cup games but not European games or domestic cup finals, meaning Guardiola will be on the touchline for the Carabao Cup final with Arsenal on 22 March.

However, the Spaniard will have to sit out next Saturday’s Premier League fixture with West Ham and City’s FA Cup quarter-final clash on the weekend of 4-5 April, with the draw yet to be made for that round.

After the win at Newcastle, Guardiola said of his angry reaction that led to his booking: “I will tell you something – we have all the records in this country, all of them, despite everything.

“We have the record of the manager with the most yellow cards. I want all records and now I have it, two-game ban now and I will go on holidays the next two games.

“There are things after 10 years I cannot understand. Review the action. Of course I’m going to defend Doku and all my teams.”

Artificial intelligence could deliver the productivity surge policymakers have been hoping for since the global financial crisis. But even if it does, economists caution that faster growth will not be enough to solve the mounting debt burdens weighing on advanced economies.

Public debt already exceeds 100% of GDP across most rich nations and is projected to rise further as ageing populations strain pension and healthcare systems, interest bills climb and governments ramp up defence and climate spending. Against that backdrop, AI is increasingly being framed as a potential fiscal lifeline.

The reality is more complicated.

Productivity: The “Magic” Ingredient-With Limits

Economists broadly agree that sustained productivity growth can dramatically improve fiscal dynamics. Higher output boosts tax revenues without raising tax rates, makes existing debt easier to service and reassures bond investors worried about long-term solvency.

At the Organisation for Economic Co-operation and Development (OECD), modelling suggests that if AI meaningfully raises labour productivity and if employment also expands public debt across member countries could be about 10 percentage points lower by the mid-2030s than otherwise projected. Even then, debt would still climb to roughly 150% of GDP on current trajectories, up from around 110% today.

In the United States, best-case projections from several economists suggest debt could rise more gradually, to roughly 120% of GDP over the next decade rather than accelerating more sharply. But that still represents historically elevated levels.

As one economist put it, productivity is “like magic” for fiscal sustainability yet today’s debt challenges are too large for productivity gains alone to offset.

Demographics: The Structural Headwind

The fundamental constraint is demographic.

Ageing populations mean fewer workers supporting more retirees, pushing up pension and healthcare costs. In the United States, Social Security alone accounts for roughly one-fifth of federal spending, and benefits are indexed to wages. If AI lifts wages, it may simultaneously increase future benefit obligations.

Slowing immigration in some countries, particularly the U.S., compounds the issue by limiting labour force growth. If AI boosts output per worker but the total number of workers stagnates or declines, overall fiscal relief may be limited.

In short, AI may buy time but it does not reverse the demographic arithmetic driving long-term deficits.

Growth vs. Interest Rates: A Delicate Balance

For debt sustainability, what matters is not just growth, but the relationship between growth and borrowing costs.

If AI-driven productivity pushes economic growth above interest rates for a sustained period, governments can stabilise or even reduce debt ratios more easily. But if faster growth also lifts real interest rates for example, because higher productivity raises returns on capital then debt servicing costs could rise in parallel.

This debate is already unfolding among policymakers at the Federal Reserve, where officials are assessing whether AI could permanently raise the economy’s potential growth rate.

Bond markets will be decisive. Since the pandemic, investors have shown a willingness to punish governments perceived as fiscally profligate. Higher yields can quickly offset any growth dividend from technological gains.

Employment and Wages: The Distribution Question

Much depends on how AI reshapes labour markets.

If AI complements workers and creates new categories of employment, tax revenues may rise meaningfully. But if automation displaces workers faster than new jobs are created, or if profits accrue disproportionately to capital rather than labour, fiscal gains could disappoint.

Capital income is often taxed more lightly than wages. A productivity boom concentrated in corporate profits rather than payrolls may widen inequality without generating proportionate public revenue.

On the spending side, governments might benefit from efficiency gains in public administration. Yet history suggests higher growth can also lead to higher spending demands from infrastructure upgrades to social transfers.

No Substitute for Fiscal Reform

Even in optimistic scenarios where AI lifts U.S. growth closer to 3% annually for an extended period, debt ratios are projected to stabilise at elevated levels rather than return to pre-crisis norms.

In pessimistic scenarios where AI disappoints or a recession strikes before productivity gains materialise debt trajectories could worsen significantly, potentially reaching levels that trigger market instability.

The consensus among economists is clear: AI can ease fiscal pressure, but it cannot substitute for structural reforms. Addressing entitlement sustainability, improving tax efficiency and managing spending priorities remain central.

A Race Against Time

There is also a sequencing risk. If financial markets grow nervous about fiscal trajectories before AI-driven gains are realised, borrowing costs could spike. In that case, the productivity dividend may arrive too late to calm bond investors.

Technological revolutions historically take time to diffuse across economies. Infrastructure, regulation, workforce training and corporate adoption all shape how quickly productivity benefits materialise.

For debt-laden economies, the gamble is that AI’s boost will be large, broad-based and timely. That is possible but far from guaranteed.

AI may help governments breathe easier. It will not absolve them of the harder political choices required to put public finances on a sustainable path.

With information from Reuters.

Carl Webster, Megan Walsh, Theo Silverton, Maggie Driscoll and Jodie Ramsey are in a killer’s firing line and tonight’s flashforward episode will keep fans guessing

The five Coronation Street characters at risk of a grisly death have been revealed. One of the ITV soap’s stars will meet their end the identities of the possible murder victims have been confirmed as viewers prepare to be taken back to the future in the show’s much anticipated flashforward episode. But will it be a villian on a much-loved character getting the boot?

Groomer Megan Walsh, manipulative Theo Silverton and twisted Carl Webster could be getting their comeuppance in April. But quirky landlady Maggie Driscoll is also in the firing like, as is strange newcomer Jodie Ramsey, who appears to have a whole load of family bagage to unload.

The groundbreaking episode begins with a police interview taking place on April 23rd 2026. As the drama unfolds a shocked and Betsy Swain is seen telling the detectives about finding the dead body of someone she knows.

Dressed in wedding clothes, the cop’s daughter explains that she had been at the marriage of her mum Lisa Swain to Carla Connor, but was heading into town when she made the shocking discovery. As the episode returns to the present day we begin to see how the behaviour of the five characters could lead to their possible death two months later.

Evil teacher Megan is caught up in a web of lies as she continues to groom impressionable teen Will Driscoll. Doing anything to protect her family, Maggie gives a fake alibi for Will to stop him being charged with the Christmas Day attack on Daniel Osbourne.

Carl has burnt all his bridges when he let Debbie take the blame for the Corriedale accident which saw Billy Mayhew perish. Since finding out Debbie is actually his mum and not his sister, Carl has pressed the self-destruct button and as he continues to goad both family and neighbours – he would have no shortage of people looking to settle a score.

Theo’s coercive control over Todd has reached new lows and with their wedding looming, will Todd finally confide in his friends about what has been going on before it is too late?

Despite initial reservations, the Platts have welcomed Shona’s estranged sister Jodie Ramsey into their home. But Jodie has been keeping secrets from them, and it seems she has got mixed up with some pretty shady characters in her past. Will trouble follow Jodie to Weatherfield, or could she upset people closer to home with her behaviour?

As the episode comes to a close we flash forward again to April 23 and the five characters are on the cobbles as Lisa and Carla’s wedding fireworks light up the night sky.

As the lights flicker a battered and bruised Carl, frantic Jodie, a menacing Maggie, a bloody-nosed Megan and a furtive Theo stare into the darkness. In the final moments the terrified scream of Betsy Swain fills the air – but which Weatherfield resident will be the murder victim?

Coronation Street airs weeknights at 8:30pm on ITV1 and ITV X.

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