Latest in Britain's Labour Party Bets on Big Taxes, Borrowing to Boost Economy
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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 borrowingWorld - 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.Top stories - BBC News - 5 days ago -
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.Top stories - NBC News - October 23 -
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 shiftBusiness - 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 gambleBusiness - 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 furtherWorld - 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.Top stories - CBS News - 2 days ago -
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.Top stories - BBC News - Yesterday -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - 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.Top stories - BBC News - October 19 -
Trump accuses Labour Party of 'foreign interference'
Labour activists volunteering in the US presidential election amounts to illegal "contributions", the complaint alleges.Top stories - BBC News - October 22 -
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 -
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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.Top stories - BBC News - 5 days ago -
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 2010Business - 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 consumptionBusiness - 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 itWorld - 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.Top stories - BBC News - October 22 -
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".Top stories - BBC News - October 28 -
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.Top stories - BBC News - 6 days ago -
Businesses warn Labour’s £25bn ‘tax on jobs’ will hurt hiring
Companies criticise rise in employers’ national insurance contributionsBusiness - 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 governmentWorld - Financial Times - 4 days ago