Latest in 40bn Tax Increases

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Business and wealthy bear brunt of £40bn tax increases in UK Budget

Markets unsettled by extent of government borrowing as Rachel Reeves boosts spending
Business - Financial Times - October 30
Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...
World - The Guardian - October 30
Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
World - Financial Times - October 31
Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’
World - Financial Times - October 31
UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing
World - Financial Times - October 31
Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts
World - Financial Times - October 31
FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
World - Financial Times - October 31
Making sense of sentiment

And Trump equity trades
World - Financial Times - October 31
Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
World - Financial Times - October 31
Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB

Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warming
World - Financial Times - October 31
Chinese sanctions hit US drone maker supplying Ukraine

Beijing’s move leaves California company rushing to find new battery providers
World - Financial Times - October 31
Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF

Rare intervention comes as Resolution Foundation says UK will remain ‘stagnation nation’ despite push to invest. ‘It has a political vision’: five viewpoints on budget Budget 2024: what it ...
World - The Guardian - October 31
Budget 2024: Reeves reveals £40bn in tax rises as she promises to rebuild public services

Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools. Autumn budget live: latest news updates Budget 2024: key points at a ...
World - The Guardian - October 30
Can Nashville Persuade Voters That a Sales Tax Increase Is Worth the Price?

Desperate to compete with other growing cities, Nashville’s leaders are trying once again to convince voters that a sales tax increase is worth the price.
Top stories - The New York Times - November 4
Reeves insists she will not be ‘coming back with more tax increases’

UK chancellor describes last week’s £40bn tax-raising Budget as a ‘one-off reset’ and one ‘we will never need . . . again’
World - Financial Times - November 6
Demand for Roth IRA conversions may increase — even without tax hikes from President-elect Donald Trump

Income tax hikes are less likely under President-elect Donald Trump. But demand for Roth conversions could still increase, experts said.
Business - CNBC - November 8
Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts

More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closures
Business - Financial Times - November 10
Boardmasters organisers increase security measures

Organisers of the Newquay music festival announce increases in security measures for the 2025 event.
Top stories - BBC News - November 6
Military suicide rates increased in 2023

Suicide rates in the military increased in 2023, a slight uptick from 2022 that adds to a larger, troubling rise over the past decade. The annual report shows 523 service members died by suicide in ...
Politics - The Hill - November 14
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.
Business - The New York Times - October 24
Goodbye to low-tax Britain

One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shift
Business - Financial Times - October 30
GOP tax battle rages

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Tax battle brewing among Republicans over debt fears President-elect Trump's ...
Politics - The Hill - November 12
Trump’s Tax Plans

Three scenarios for how Republicans could approach cutting taxes next year.
Top stories - The New York Times - November 15
Tariffs and taxes are not very inflationary

Households will pay, but probably not through much higher prices
World - Financial Times - 4 days ago
Companies’ earnings reports increase volatility of US stocks

Share prices swing as high valuations and uncertain outlook put investors on edge
World - Financial Times - October 26
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010
Business - Financial Times - October 30
Exxon beats earnings estimates, increases fourth-quarter dividend

Exxon's stock rose in early trading after beating earnings expectations.
Business - CNBC - November 1
With Oil Prices Weak, OPEC Plus Postpones Increases Again

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
Business - The New York Times - November 4
Latino support for Trump increases from 2020

Vice President Kamala Harris is winning the Latino vote over former President Donald Trump nationwide. NBC News’ Hallie Jackson details why this matters and notes that support for Trump has grown ...
Top stories - NBC News - November 6
Atos Launches $252 Million Capital Increase

The troubled IT firm said it would issue new shares in its latest move to reduce debt.
Business - The Wall Street Journal - November 8
Most Americans expect Trump to increase debt: Survey

A majority of Americans expect the national debt to rise under President-elect Donald Trump, according to a new Reuters/Ipsos survey conducted after the election. The poll found that 62 percent of ...
Politics - The Hill - November 8
Most Americans Expect Trump to Increase National Debt

A Reuters/Ipsos poll shows a majority of people think the President-elect will drive the country further into debt, beyond its current $35 trillion level.
Business - Inc. - November 8
Pandemic-era drinking increases persist, study shows

Alcohol is a leading cause of illness and death in the United States, and new research suggests an alarming increase in alcohol use since the pandemic is persisting. CBS News' Stephanie Stahl reports.
Top stories - CBS News - November 11
New study shows an increase in heavy drinkers

A new study finds the United States has more heavy drinkers than it did a few years ago before the pandemic began. CBS News chief medical correspondent Dr. Jon LaPook explains why and what to know ...
Top stories - CBS News - November 12
France increases security ahead of football match with Israel

Emmanuel Macron to attend match in show of support for Jewish people after attacks in Amsterdam
World - Financial Times - November 13

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