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

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 - 28 minutes ago

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

Treasury secretary speaks out to reassure the markets after the cost of government borrowing rises.

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 - 21 hours ago

UK borrowing rises ahead of Budget

Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.

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 - 2 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 - Yesterday

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 - 23 hours ago

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 - 22 hours ago

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 - Yesterday

Cash Isas popularity surges ahead of UK Budget

Investors shift into tax-sheltered accounts given uncertainty of Labour proposals

World - Financial Times - October 25

U.K. borrowing costs rise in volatile trade after budget delivered

U.K. government bond yields were volatile on Wednesday as traders initially welcomed news that the government would prioritize tax rises ahead of increased borrowing as it strives to fill a fiscal ...

Business - MarketWatch - Yesterday

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 - 2 days ago

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 - Yesterday

Faulty jobs data leaves UK hiring picture uncertain, economists say

Minimum wage rise in Budget at time of labour market uncertainty could lead to more unemployment

World - Financial Times - 5 days ago

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 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

This is not a Budget we want to repeat, Reeves tells BBC

The chancellor unveils £40bn in tax rises in her first Budget, with employers set to bear the brunt, but she says it should be a one-off.

Bellway says Budget ‘mixed messages’ hurting UK property market

Housebuilder expects to deliver more homes next year as borrowing costs ease

Business - Financial Times - October 15

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

Scotland to receive extra £3.4bn from UK Budget, says chancellor

Rachel Reeves has announced several measures that will directly affect Scotland.

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 - 35 minutes ago

Employment rights bill will cost firms £5bn per year but benefits will justify costs, government says – UK politics live

Analysis from business and trade department says bill will significantly strengthen workers’ right. In the past the weirdest budget tradition was the convention that the chancellor is allowed to ...

World - The Guardian - October 21

Liz Truss’s mini-Budget: lessons from a moronic episode

Central banks should not deny they will act in a crisis and Labour’s Budget is not another Truss moment

World - Financial Times - October 22

UK public borrowing exceeds official forecast in September

Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s Budget

Business - Financial Times - October 22

A U.S. fiscal crisis would happen incredibly quickly — and there’s no way to predict when, says head of budget watchdog

The U.S. fiscal backdrop is “structurally unsound,” but no one knows when or if financial markets might force change, says president of the bipartisan Committee for a Responsible Federal Budget.

Business - MarketWatch - October 24

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

Middle East crisis live: Israeli attacks on UN forces in Lebanon must stop, say UK, Italy, France and Germany

Benjamin Netanyahu claims Israeli military did its utmost to avoid harming Unifil personnel while striking Hezbollah fighters. More now on the Hezbollah strike on an IDF training base we reported ...

World - The Guardian - October 14

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 - 22 hours 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 - Yesterday

UK Budget spooks bond markets

UK borrowing costs hit the highest level this year after Budget announcements sink in

World - Financial Times - 10 hours ago

UK ministers seek to reassure bond investors on their borrowing plans

Treasury chief secretary Darren Jones sets out ‘guardrails’ for investment

Business - Financial Times - October 17

Bond market braced for rise in UK debt issuance to £300bn this year

Investment banks pencil in second-biggest annual gilt sales figure on record ahead of Labour’s first Budget

Business - Financial Times - 4 days ago

Auto-enrolment drives surge in ‘lost’ UK pensions

£31bn sitting in unclaimed, inactive or lost savings pots

Business - Financial Times - October 24

Children must not pay price of council cuts, commissioner says

Local government experts say councils made all the "easy cuts" years ago and still face shortfalls.

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