Britain's Labour Party Bets on Big Taxes, Borrowing to Boost Economy

The U.K.’s new government presented its plan to jolt the country out of years of moribund growth: more taxes and a bigger state.

World - The Wall Street Journal - 5 days ago

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 - 4 days ago

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 5 days ago

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - 5 days ago

Trump accuses Britain's ruling Labour Party of election interference

Former President Donald Trump accused Keir Starmer's British Labour Party of illegally assisting Vice President Kamala Harris ahead of the election Nov. 5.

U.K. Budget Makes a Big Bet on Spending for Growth

The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.

Business - The New York Times - 4 days ago

UK borrowing costs soar day after Labour government unveiled tax-raising budget

U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing.

Business - CNBC - 4 days ago

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 - 5 days ago

Newsom calls for big boost in funding for California's film and TV tax credit, throwing Hollywood a lifeline

Gov. Gavin Newsom has unveiled plans to increase the cap on California's film and TV tax credit program to $750 million as Hollywood struggles to compete with rivals.

Entertainment - Los Angeles Times - October 27

‘No shortcuts’: Labour sets Britain on risky road to recovery

Starmer and Reeves have time on their side as they take major political gamble

Business - Financial Times - 5 days ago

Britain’s Labour Budget: bold ambition, uncertain prospects

Rachel Reeves must now deliver on her investment plans, or taxes will rise even further

World - Financial Times - 5 days ago

UK Budget: What to Know Before Labour’s Announcement

The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.

Top stories - The New York Times - October 28

Britain's Conservative Party elects Kemi Badenoch as leader

Kemi Badenoch is now the first Black woman to lead a major British political party.

Badenoch: We will have opposite approach to Labour on economy

Speaking on her first day as leader, Badenoch gave a first glimpse of her policy priorities.

Beijing considers $1.4 trillion borrowing increase to support economy: Reuters

Fresh stimulus would help local authorities resolve off balance-sheet debt

Business - MarketWatch - 6 days ago

Tax threshold freeze not a pledge-breaker - Labour sources

Government sources insist the move would not constitute a breach of Labour's manifesto tax pledge.

Trump accuses Labour Party of 'foreign interference'

Labour activists volunteering in the US presidential election amounts to illegal "contributions", the complaint alleges.

Trump Accuses U.K. Labour Party of Election Meddling

Donald Trump’s campaign said Britain’s governing Labour Party had engaged in “blatant foreign interference.” Other British politicians have previously acted in support of Mr. Trump.

World - The New York Times - October 24

Habeck: Investment fund to give German economy a boost

World - Yahoo News - October 23

Budget boost to UK economy forecast to fade after two years

The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.

International investors descend on London as Labour tries to woo new business to Britain

Uncertainty around the event and suspected tax changes in the upcoming budget has left many investors in the dark.

Business - CNBC - October 14

Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty

U.K. Finance Minister Rachel Reeves will deliver the government's hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts.

Business - CNBC - October 28

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 - 5 days ago

Hong Kong slashes tax on spirits to boost nightlife

Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumption

Business - Financial Times - October 16

Labour wants to reverse decline – but with a big budget comes a big risk

The government knows cynical voters will need to see tangible change in public services and to feel better off. At the final political cabinet before Rachel Reeves delivered her first budget this ...

World - The Guardian - 5 days ago

Who is Kemi Badenoch, the first Black woman to lead Britain's Conservative Party?

The first Black woman to lead a major U.K. political party, Kemi Badenoch is an upbeat and outspoken libertarian who thinks the British state is broken and she is the one to fix it

World - ABC News - 2 days ago

Dozen Labour MPs join call for 'extreme wealth' tax

The MPs want Rachel Reeves to bring in a 2% tax on assets over £10m, which they claim could raise £24bn per year.

Budget watchdog will break impartiality, claims Hunt

The former chancellor says the publication of a review which could criticise the Conservatives on Budget day would "cross a line".

The Papers: Labour targets waiting lists but tax rises 'won't cure NHS'

The measures expected in Wednesday's Budget, particularly those focused on the NHS, lead the papers.

Businesses warn Labour’s £25bn ‘tax on jobs’ will hurt hiring

Companies criticise rise in employers’ national insurance contributions

Business - Financial Times - 5 days ago

Rachel Reeves’ budget leaves her little room to manoeuvre

Bet on long-term improvements will make spending review in 2027 a crunch time for the government

World - Financial Times - 4 days ago

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