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 - October 30 -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - October 31 -
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 - October 30 -
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 - October 31 -
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 - October 30 -
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 - October 31 -
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 - October 31 -
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 - October 30 -
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 - October 30 -
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 - October 30 -
‘They don’t understand business’: corporate Britain cools on Labour
Chancellor Rachel Reeves attempts to win back support for her party after rocky early monthsBusiness - Financial Times - 4 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 - November 2 -
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 - November 3 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
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 - October 30 -
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 -
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 - October 30 -
Orbán turns to China to boost recession-hit economy
Hungary has captured more than a quarter of Chinese capital flowing into Europe since 2022World - Financial Times - 4 days ago -
Musk's big bet
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Elon Musk's big bet pays off Elon Musk's massive bet on former President Trump appears to have paid off, ...Politics - The Hill - November 7 -
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 - November 2 -
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 - October 30 -
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 - October 29 -
Businesses warn Labour’s £25bn ‘tax on jobs’ will hurt hiring
Companies criticise rise in employers’ national insurance contributionsBusiness - Financial Times - October 30 -
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 - October 31 -
Labour challenges Badenoch to back billions for public services and tax rises
Rachel Reeves throws down budget gauntlet to new Tory chief as party’s first black leader is congratulated on win. Labour has thrown down an immediate challenge to the new Tory leader, Kemi ...World - The Guardian - November 2 -
UK's ultra-rich feel the pinch from Labour's tax-raising budget
Britain's wealthy are feeling the pinch following a slew of targeted tax hikes in the Labour government's budget, with many saying they are making good on plans to leave.Business - CNBC - November 5