Latest in London drives surge in UK rental costs
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London drives surge in UK rental costs
Rents soar in October on back of high demand and pre-Budget landlord salesWorld - Financial Times - 4 hours ago -
Auto-enrolment drives surge in ‘lost’ UK pensions
£31bn sitting in unclaimed, inactive or lost savings potsBusiness - Financial Times - October 24 -
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 - November 1 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
SoFi’s stock set to extend surge — and this is what’s driving recent optimism
LendingClub’s improving delinquency trends suggest SoFi could see similar dynamics, an analyst says.Business - MarketWatch - October 25 -
Palantir’s stock surges as AI drives a further acceleration in growth
Palantir’s CEO says the latest earnings are ”a slap in the face of people who continue to believe that the value of AI is solely in building AI large language models.”Business - MarketWatch - November 5 -
Trump’s victory drives surge in US students seeking courses abroad
Election spurs research for colleges from the UK to CanadaBusiness - Financial Times - November 10 -
A Surge of New Restaurants Drives New York City’s Storefront Revival
Store vacancy rates are still above prepandemic levels, but new food and drink businesses, led by Mexican, Japanese and Caribbean kitchens, have helped fill the void.Top stories - The New York Times - 5 days ago -
Deutsche’s private bank fires over 100 bankers in cost-cutting drive
Frankfurt-headquartered lender has imposed demanding targets on underperforming unitBusiness - Financial Times - November 11 -
Cash Isas popularity surges ahead of UK Budget
Investors shift into tax-sheltered accounts given uncertainty of Labour proposalsWorld - Financial Times - October 25 -
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.Top stories - BBC News - November 1 -
Why are university tuition fees going up?
Tuition fees in England are to rise for the first time in eight years, to help universities.Top stories - BBC News - November 4 -
£500mn and counting: companies reckon with UK Budget costs
Sainsbury’s, BT and Wetherspoons among those warning that changes may force price rises for customersWorld - Financial Times - November 7 -
Trump tariffs could cost UK £22bn of exports
The UK could face a £22bn hit to its exports if Donald Trump carries out his tariff threats, researchers say.Top stories - BBC News - November 8 -
London conference hears UK and Israeli criticism of conduct of Gaza war
Speakers at event call for commitment to a two-state solution and urge Labour government to do more. Middle East crisis – live updates Criticism of the Israeli government and calls for ...World - The Guardian - October 28 -
First UK case of mpox variant clade Ib detected in London
Person diagnosed after developing flu-like symptoms and rash, as UKHSA says risk to UK population remains low. Health officials have reported the UK’s first case of mpox caused by a new strain that ...World - The Guardian - October 30 -
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 increaseBusiness - Financial Times - October 22 -
Faulty data overstates surge in UK economic inactivity, finds report
Problems with ONS labour market survey have given ‘overly pessimistic picture’, says Resolution FoundationWorld - Financial Times - 16 hours ago -
Sage shares surge 19% as UK software group launches buyback
Financial software provider announces plan for £400mn share buyback and raises dividendWorld - Financial Times - 6 hours ago -
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 yearsBusiness - Financial Times - October 22 -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - October 30 -
Fuel duty frozen but vehicle excise duty surges
Motoring organisations said chancellor’s reversal of planned fuel duty rises was ‘a big relief’World - Financial Times - October 30 -
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’ BudgetBusiness - Financial Times - October 31 -
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 inflationWorld - Financial Times - November 6 -
BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - November 7 -
UK air traffic control failure cost up to £100mn, finds review
Report into August 2023 travel chaos highlights lack of planning and training across the aviation sectorWorld - Financial Times - 6 days ago -
More than meatballs: Ikea opens its first UK standalone restaurant in London
Diners hail ‘great price’ of dishes at Swedish furniture chain’s food outlet next door to its Hammersmith store. Its meatballs are as famous as its flatpack furniture, with a meal in one of its ...World - The Guardian - November 1 -
China blocking UK plans in Beijing amid east London mega-embassy dispute
Exclusive: UK rebuild of Beijing embassy held up as Angela Rayner faces fraught decision on Royal Mint Court site. UK politics live – latest updates China is blocking requests to rebuild the ...World - The Guardian - November 5 -
UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.Business - CNBC - 6 hours 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 -
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