JD Wetherspoon warns of near £60mn jump in taxes and costs following UK Budget

JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget

Pub chain says rise from higher taxes and NI contributions will fuel inflation

World - Financial Times - 6 hours ago

Investors warn of lasting ‘risk premium’ in gilts following UK Budget

Traders play down parallels with 2022 market crisis but say rise in borrowing costs will linger

Business - Financial Times - 5 days ago

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 - 6 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 - 6 days ago

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 - 6 days ago

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

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 - 6 days ago

Investors' reaction to Budget 'very different' to Truss, says Reeves's deputy

Treasury secretary speaks out to reassure the markets after a rise in the cost of government borrowing.

UK borrowing costs rise as Reeves’ spending plans unnerve investors

Ten-year gilt yield hits five-month high after chancellor’s first Budget

Business - Financial Times - 6 days ago

Gambling stocks hit by fears of UK Budget tax grab

Ladbrokes owner Entain falls 8% while Flutter loses 6%

World - Financial Times - October 14

UK tax rises acceptable if part of pro-business Budget, CBI says

Rupert Soames believes companies will judge October 30 measures ‘in the round’

Business - Financial Times - October 15

UK capital gains tax receipts surge ahead of Budget

Revenue rises 16.3% between July and September as investors rush to get ahead of expected rate increase

Business - Financial Times - October 22

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

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

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 - Yesterday

UK to slash overseas aid in Budget as asylum seeker costs rise

International development organisations warn country’s contribution could slump to its lowest level in 17 years

Business - Financial Times - October 22

UK borrowing costs hit highest level this year as gilt sell-off intensifies

Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ Budget

Business - Financial Times - 6 days ago

Surge in UK borrowing costs is not a repeat of the 'mini-budget' crisis, economists say

"It isn't anything like we saw with the Trussonomics mini-budget when that spike really was high after those unfunded tax cuts came in," one analyst said.

Business - CNBC - 5 days ago

UK Businesses Warn Starmer Against Raising Employer Payroll Tax

World - Yahoo News - October 15

UK innovation will be undermined by science department Budget squeeze, industry leaders warn

Tight finances made worse by bill to rejoin EU programme Horizon

World - Financial Times - October 18

Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality

British Prime Minister Keir Starmer says fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment

World - ABC News - October 28

Budget poses new challenge for UK public finances, Moody’s warns

Assessment from rating agency comes as gilts steady after sell-off sparked by scale of extra borrowing

Business - Financial Times - 5 days ago

Britain faces warnings of a tech exodus over tax plans ahead of high-stakes budget

Technology bosses and investors warn the U.K. could face an exodus of entrepreneurs if the government hikes capital gains tax — a levy on investment profits.

Business - CNBC - October 21

UK’s rising fiscal burden narrows tax gap with Europe

Britain’s fiscal picture is closer to EU averages than it has been for decades

Business - Financial Times - October 30

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 - 6 days ago

Starmer insists pro-growth policies on way after OBR’s budget warnings – UK politics live

PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years. Rachel Reeves is now being interview on ITV’s Good Morning Britain.. She is being ...

World - The Guardian - 6 days ago

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Business - Financial Times - October 30

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...

World - The Guardian - 6 days ago

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