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 - 3 hours ago

UK borrowing rises ahead of Budget

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

Pensions change to bring over 10,000 estates into inheritance tax

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - 11 hours 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 - 52 minutes ago

Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...

World - The Guardian - 57 minutes 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 1990s

Business - Financial Times - 10 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 years

Business - Financial Times - October 22

Traders expect calm response to U.K. budget after event caused turmoil two years ago

The bar is set very high for calamitous British budgets

Business - MarketWatch - 11 hours ago

Starmer does not rule out further tax rises after Budget

UK prime minister says government plan to borrow more for investment will not push up interest rates

Business - Financial Times - 2 days ago

Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient

The U.K.’s largest mortgage provider confirmed its full-year guidance after pretax profit fell by less than expected on lighter impairments for bad loans as British borrowers remained resilient ...

Business - The Wall Street Journal - October 23

Biden delivers remarks on lowering prescription drug costs

Watch live coverage as President Biden travels to New Hampshire to deliver remarks on his administration's efforts to lower the cost of prescription drugs.

Trump Media closes up 8% after rollercoaster trading session with heavy volume, several halts

DJT trading was halted multiple times as the stock price of the company majority owned by Donald Trump whipsawed.

Business - CNBC - 22 hours ago

Trump Media shares halted repeatedly as DJT whipsaws in volatile trading

Trading of Trump Media shares was halted for volatility multiple times Tuesday morning as the company majority owned by Donald Trump ricocheted in early trading.

In U.K. Budget, Labour’s First Big Political Moment Offers Risk and Reward

British Prime Minister Keir Starmer’s government has stumbled since his party won a landslide victory, but the financial plan to be announced on Wednesday offers a possible relaunch.

World - The New York Times - Yesterday

Chris Mason: Big tax, borrowing and spending plans

BBC Political Editor Chris Mason decodes the big plans revealed in Rachel Reeves first budget.

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 - 2 days ago

Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty

U.K. Finance Minister Rachel Reeves will deliver the government's hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts.

Business - CNBC - 2 days ago

Chinese stocks gain after Beijing lays out fiscal plans

Government plans to increase spending to boost world’s second-largest economy

Business - Financial Times - October 14

Reeves signals business taxes will rise in Budget

Chancellor says companies understand government must make ‘difficult decisions’ to balance books

Business - Financial Times - October 14

10-year Treasury yield ends at new 3-month high as volatility gauge hits 2024 peak

U.S. government debt sold off for a third straight session Wednesday, pushing long-dated Treasury yields further into three-month highs, as investors remained wary that the approaching Nov. 5 ...

Business - MarketWatch - 6 days ago

A ‘full fat’ Budget is impossible — what are the trade-offs?

Traditional Labour measures on tax and borrowing will need to be balanced with thinner fare to keep to fiscal constraints

Business - Financial Times - October 18

Cost of upgrading six miles of A9 rises to £308m

The total cost of the dualling project was originally estimated to cost £197m.

Fortescue Iron Ore Shipments, Costs Rise

The company reiterated an annual production forecast of between 190 million and 200 million tons for the year through June 2025.

Business - The Wall Street Journal - 6 days ago

Small Business Owners More Confident About Borrowing After Rate Cut

Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.

Business - Inc. - 23 hours ago

UK’s rising fiscal burden narrows tax gap with Europe

Britain’s fiscal picture is closer to EU averages than it has been for decades

Business - Financial Times - 14 hours ago

Autumn Budget: business fears big rise in national insurance

Tax experts warn of potential hit to retirement savings as companies race to calculate impact on costs

World - Financial Times - October 14

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

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

Rachel Reeves aims to raise up to £20bn from national insurance rise

Employers’ contributions set to increase by 2 percentage points in next week’s Budget

Business - Financial Times - 4 days ago

Budget watchdog will break impartiality, claims Hunt

The former chancellor says the publication of a review which could criticise the Conservatives on Budget day would "cross a line".

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