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

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 Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - October 31

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 - October 30

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.

UK government borrowing for October exceeds forecasts at £17.4bn

Data highlights challenges facing chancellor Rachel Reeves

World - Financial Times - 8 hours 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 - October 30

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 - October 30

UK’s dual motive for higher defence spending raises problems

Trump era means government has to navigate competing pressures, but it must solve its procurement woes first

World - Financial Times - November 13

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 - October 30

UK's ultra-rich feel the pinch from Labour's tax-raising budget

Britain's wealthy are feeling the pinch following a slew of targeted tax hikes in the Labour government's budget, with many saying they are making good on plans to leave.

Business - CNBC - November 5

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

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 - 5 hours ago

Higher UK air taxes will not deter private jet customers, industry bosses say

Passenger duty will increase 50 per cent for the largest private jets in 2026

World - Financial Times - November 1

Minister warns on Labour pledge to build 1.5mn new UK homes

Meeting target will be ‘more difficult than we expected’ because of supply downturn, Matthew Pennycook says

World - Financial Times - Yesterday

Rachel Reeves ‘not satisfied’ with summer slowdown as UK slips down G7 growth leaderboard – business live

Latest UK GDP growth report shows UK grew by just 0.1% in July-September, a slowdown on the first half of the year. Bank of England governor says Brexit has undermined UK economy Luke ...

World - The Guardian - 6 days ago

UK government launches new AI safety platform for businesses

Science and tech secretary Peter Kyle wants country to be global leader in testing safety of new technology

World - Financial Times - November 6

UK government looks at ending Gove ban on councils opening new schools

Education secretary Bridget Phillipson says Tories had ‘tunnel vision’ about promoting academies

Business - Financial Times - November 9

Is the UK spending enough on defence?

And what Trump 2.0 could mean for Ukraine.

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.

The UK was crying out for a new kind of budget. Labour has given it repackaged Tory ideas | David Edgerton

A fairer, happier and more equal country is possible – but only if the party in power actually wants to make it happen. Has Labour got a radical economic programme, on a par with 1945 or 1964? Has ...

World - The Guardian - November 6

Working people will pay the price of higher taxes for employers

Increasing the burden on companies may not affect workers’ payslips today, but it won’t be long

World - Financial Times - October 30

UK must rebuild post-Brexit relations with EU, says Bank of England boss

Governor Andrew Bailey delivers his strongest comments yet on the UK's departure from the EU.

Chancellor and BoE governor call for UK to rebuild ties with EU

Reeves and Bailey highlight damage from Brexit amid concern about Trump’s plan to impose tariffs on trading partners

Business - Financial Times - 6 days ago

Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.

Business - The New York Times - October 24

Reeves embarks on Budget that will define Labour government

Prime minister and chancellor aim to convey sense of joint purpose ahead of long-awaited fiscal event on Wednesday

Business - Financial Times - October 28

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

Rising energy bills push inflation to highest for six months

Higher inflation pushes up the cost of living for households, and could mean that interest rates remain higher for longer.

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 - October 30

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - October 31

Palantir becomes a ‘Trump trade’ as investors bet on higher defence spending

Peter Thiel-founded data company, whose biggest client is the US government, rises $23bn in value since election

World - Financial Times - Yesterday

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 - October 28

Latest in Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK