Labour challenges Badenoch to back billions for public services and tax rises

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 - October 31

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 - October 31

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

World - ABC News - October 31

Ryanair warns air travel tax rises mean 10% of its UK flights could be cut

CEO Michael O’Leary says decision to raise passenger duty ‘will deliver cuts, not growth’

Business - Financial Times - November 1

Shares in UK retailers fall as sector counts cost of NICs tax rise – business live

Rolling coverage of the latest economic and financial news. Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy . Yesterday’s cut to UK interest rates doesn’t seem to have ...

World - The Guardian - November 8

Small UK pub owners look overseas after Budget tax rises sap profits

Cluster of hospitality operators cancel British investments and divert spending to continental Europe instead

World - Financial Times - November 14

Doubts mount over Britain’s ambitious growth plans — with warnings of further tax rises possible

Doubts are mounting over the Labour government's flagship growth and investment agenda, with one analyst warning further tax rises could be on the horizon.

Business - CNBC - 4 days ago

Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027

The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

Business - CNBC - November 12

Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nearing $100,000 – business live

UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes bitcoin towards $100k. The jump in UK borrowing last month ( see opening post ) makes it hard for ...

World - The Guardian - 2 days ago

UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”

World - ABC News - October 30

HMRC to hand back £700mn to top UK companies after EU tax ruling

London Stock Exchange Group, Pearson and ITV stand to gain from European court decision

Business - Financial Times - November 10

Small Business Administration-Backed Financing Rose to $56 Billion in Fiscal Year 2024

Smaller loans made up for much of the additional funding.

Business - Inc. - November 8

IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live

Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...