UK Budget: Labour Party to Raise Capital Gains and Inheritance Taxes

UK borrowing rises ahead of Budget

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

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

Pro-Russia parties gain ground in Bulgaria ahead of elections

Political fragmentation in EU and Nato member plays to Moscow’s advantage

World - Financial Times - 5 days ago

The stock market gains the most when this political party occupies the White House

The S&P 500’s annualized total return has been 11.0% in years when a Democrat is president and Congress is Republican-controlled.

Business - MarketWatch - 4 days ago

Nigerian banks race to raise capital after order to bolster balance sheets

Central bank moves to promote stability in industry while country struggles with deteriorating economy

Business - Financial Times - October 20

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

Boeing’s stock reverses lower after announcing a $19 billion capital raise

.Boeing’s stock knee-jerked higher after a larger-than-expected capital raise was announced, but then quickly resumed its decline.

Business - MarketWatch - 2 days ago

Would raising employer National Insurance break Labour's pledge?

If the chancellor decides to increase NI for employers in the Budget would that be going back on previous promises?

Dozen Labour MPs join call for 'extreme wealth' tax

The MPs want Rachel Reeves to bring in a 2% tax on assets over £10m, which they claim could raise £24bn per year.

The Papers: Labour targets waiting lists but tax rises 'won't cure NHS'

The measures expected in Wednesday's Budget, particularly those focused on the NHS, lead the papers.

Businesses warn Labour’s £25bn ‘tax on jobs’ will hurt hiring

Companies criticise rise in employers’ national insurance contributions

Business - Financial Times - 3 hours ago

Reeves banks on big Budget wheeze to reconcile Labour’s pledges

Continuing Tory ‘stealth’ freeze on thresholds pulls many middle earners into higher rate, but carries risks

World - Financial Times - October 21

Reeves: ‘My budget will match greatest economic moments in Labour history’

The chancellor says she will invest to reverse Tory decline, but stands accused of breaking party manifesto promises . Labour will launch a new era of public and private investment in hospitals, ...

World - The Guardian - 4 days ago

The Papers: Budget 'to match Labour best' and King back to full duties

Rachel Reeves promising to keep Labour's promises and King Charles's health, lead the papers.

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

Budget will end neglect of ‘broken not beaten’ NHS, say Labour ministers

Funding for more surgical hubs and radiotherapy machines planned in what PM says will be budget to ‘fix foundations’. The budget will revive a “broken but not beaten” NHS, Labour ministers have ...

World - The Guardian - Yesterday

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

Latest in UK Budget: Labour Party to Raise Capital Gains and Inheritance Taxes