Latest in Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient
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U.K. government bond yields hit 2024 highs as traders balk at increased debt sales
Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.Business - MarketWatch - October 31 -
Echoes of U.K.’s 2022 bond crisis weigh on Treasury market ahead of U.S. election
A selloff in the U.K. bond market on Thursday, triggered by concerns about planned government borrowing, sent the country’s yields higher in a manner slightly reminiscent of the 2022 gilt crisis ...Business - MarketWatch - October 31 -
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Kemi Badenoch, New Leader of the U.K.’s Tories, Vows to Make the Party More Conservative
Ms. Badenoch is expected to move the party, now in the opposition, further to the right.World - The New York Times - November 2 -
The U.K. Conservative party's new leader is the first Black woman to lead a major British party
LONDON — Britain’s Conservative Party on Saturday elected Kemi Badenoch as its new leader as it tries to rebound from a crushing election defeat that ended 14 years in power.Top stories - NBC News - November 2 -
U.K.'s Tories Turn to a Black, Right-Wing Culture Warrior to Revive Party
Kemi Badenoch became the first Black woman to lead the U.K.’s Conservative Party, following its disastrous performance in a recent general election.World - The Wall Street Journal - November 2 -
U.K. prosecutors mull whether to charge Russell Brand over sex assault allegations
In September 2023, British media outlets Channel 4 and the Sunday Times published claims by four women of being sexually assaulted or raped by Russell Brand between 2006 and 2013.Top stories - CBS News - November 3 -
Snow patch known as U.K.'s longest-lasting has vanished for fourth straight year
The Sphinx snow patch in Scotland used to linger year-round, but it has melted for the fourth consecutive year. Experts see it as a harbinger of climate change.Top stories - NBC News - November 9 -
John Prescott, pugnacious deputy U.K. prime minister to Tony Blair, dies at 86
John Prescott, the pugnacious deputy prime minister to Britain’s Tony Blair during his 10 years in government, has died aged 86 after a battle with Alzheimer’s, his family said on Thursday.Top stories - NBC News - 3 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 1990sBusiness - 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 - October 30 -
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 resultWorld - Financial 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 -
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 - October 31 -
3 ways President-elect Donald Trump's next term may impact student loan borrowers
The former president will return to the White House in January 2025 following his win over Vice President Kamala Harris.Business - CNBC - November 8 -
How to say 'no' when family and friends ask to borrow money, from a financial therapist
Here's one way to set financial boundaries with friends or family members and how to manage guilt when you need to say no, according to a financial therapist.Business - CNBC - November 10 -
I’m 69 and have $10,000 in legal bills from my divorce. Is now the time to borrow from my IRA?
“I never dreamed I’d be in this position.”Business - MarketWatch - November 12 -
What will a second Trump term mean for student-loan borrowers? Project 2025 and the Betsy DeVos era offer clues
The president-elect’s approach to student-loan debt is likely to mark a radical departure from the Biden administration’sBusiness - MarketWatch - November 12 -
30% of federal student loan borrowers have gone without food or medicine, CFPB finds
Thirty percent of student loan borrowers say they've gone without food or medicine due to their monthly bills, the Consumer Financial Protection Bureau finds.Business - CNBC - November 13 -
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 - 3 days ago -
The Guardian view on ‘indie beer’: crafting a new identity | Editorial
In tough economic times, a rebranding campaign by small breweries can help keep the industry’s big beasts at bay. These are tough economic times for small-scale craft breweries, as recent closures ...World - The Guardian - October 25
