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 - Yesterday

The Papers: 'Labour challenges Badenoch' and 'Lopez backs Harris'

A variety of stories appear in this Sunday's papers, featuring the Royal Family and Kemi Badenoch.

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 - 5 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 - 4 days ago

Charities, universities and GPs warn NI tax rise will hit jobs and services

Funding boost will be wiped out by cost of meeting higher employer levy, say contracted service providers and education bodies

Business - Financial Times - 3 days ago

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.

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.

Business - CNBC - October 17

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.

Chris Mason: Badenoch will need all her political savvy to transform Tory fortunes

Kemi Badenoch is a political fighter and she now has a battle on her hands to rebuild her party.

Flemming Awards celebrate dedication, public service in government

Twelve public servants will be honored next month at the 75th anniversary of the Arthur S. Flemming Awards, an honor given to those who advance equity in their government work. While working in the ...

Politics - The Hill - October 22

Did Labour mislead UK public ahead of Budget?

Rachel Reeves’ tax-raising measures come after she pledged not to be a levy-hiking chancellor

World - Financial Times - 4 days ago

Badenoch hits back at Jenrick's 'disrespectful' jibe

The Tory leadership contender says she is focused on principles rather than setting out specific policies.

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.

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

Biden administration forgives student loans for 60,000 public service workers

The Biden administration announced on Thursday that it is forgiving the student loans for more than 60,000 public service workers. The move gives $4.5 billion in debt relief to teachers, ...

Politics - The Hill - October 17

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - 4 days ago

King and Prince William’s estates ‘making millions from charities and public services’

Duchies of Cornwall and Lancaster likely to make at least £50m from leasing land to services such as NHS and schools, according to investigation . King Charles and Prince William’s property empires ...

World - The Guardian - Yesterday

Without hard thinking on tax and the state, Kemi Badenoch is doomed to fail

The new Tory leader can’t rely on Labour being derailed by global events or problems with its own model

World - Financial Times - 3 hours ago

Public university protests escalate in challenge to Argentina's President Milei

A series of protests are expected to intensify across Argentina this week over a veto by President Javier Milei of a law that passed last month increasing funding for public universities

World - ABC News - October 21

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 - 2 days ago

From a childhood in Nigeria to Tory leader: the remarkable rise of Kemi Badenoch | Sunder Katwala

The woman who now leads the Conservative party was born in London, but growing up in west Africa shaped the politician she would become. • Politics live . Kemi Badenoch’s election as leader of ...

World - The Guardian - 2 days ago

Labour donor to back Tortoise’s proposed purchase of Observer

South African businessman Gary Lubner in talks on taking minority stake in online start-up

World - Financial Times - October 15

Turkey Abruptly Shelves Contentious Tax Bill Amid Public Outcry

World - Yahoo News - October 15

These two ‘low tax’ states are getting socked with fast-rising property taxes

Nationally, property taxes in major cities have gone up 30% since 2019, according to a new Redfin analysis.

Business - MarketWatch - 6 days ago

Renault Backs Guidance as Revenue Rises

The French carmaker backed its outlook for the year after third-quarter revenue rose despite a decrease in group car sales.

Business - The Wall Street Journal - October 24

Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."

Business - CNBC - October 17

U.S. forgives $4.5 billion in student debt for 60,000 public employees

The Biden administration's latest round of relief should have borrowers learning of their canceled debt in coming weeks.

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.

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 - 4 days ago

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

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

Companies criticise rise in employers’ national insurance contributions

Business - Financial Times - 4 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

Badenoch's win and Labour's big Budget mean we now have sharper left-right divide

With the government announcing big spending and tax, the differences between the two main parties feel sharper, writes Laura Kuenssberg.

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