UK manufacturing confidence slumps after Reeves’ Budget

Data from Make UK complicates picture for BoE rate-setters as they contemplate how quickly to cut interest rates

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FirstFT: UK manufacturing confidence slumps after Rachel Reeves’ Budget

Also in today’s newsletter, Revolut backers offload almost $1bn of stock and Assad airlifted $250mn of Syria’s cash to Moscow
Financial Times - 26m
Canal+ listing is ‘vote of confidence’ in UK stock market, says Reeves

TV channel spun off from France’s Vivendi could climb to £5bn in biggest new listing in London for two years. Canal+, the international pay-TV company and owner of the studio behind the Paddington ...
The Guardian - 13h
Business leaders warn Reeves about the impact of her Budget tax rises

Banking, energy and transport executives voice concerns in meeting with UK chancellor
Financial Times - 4d
UK business confidence falls to lowest level in almost two years after Labour budget

British businesses lost steam and pulled back on hiring last month, as industry reacted to the Labour government's bumper tax-raising budget, new data showed Monday.
CNBC - 6d
SNP rediscovers its political confidence with wily Budget

The Scottish government's moves on the two-child benefit cap and winter fuel payments leave Labour facing a dilemma.
BBC News - Dec. 7
UK businesses expect lower margins and higher prices after Budget

Survey finds 54% of companies plan to raise prices in 2025 after national insurance increase
Financial Times - Dec. 5
German companies in China see slump in business confidence

Yahoo News - Dec. 4
French PM Barnier faces vote of no confidence after budget row

Yahoo News - Dec. 4
French government faces no-confidence vote over Barnier's austerity budget

French Prime Minister Michel Barnier is bracing for a no-confidence vote this week, a political reckoning poised to topple his fragile government and send shockwaves across the eurozone
ABC News - Dec. 2