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 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

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 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 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

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

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

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.

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

UK Budget: What to Know Before Labour’s Announcement

The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.

Top stories - The New York Times - October 28

Did Labour mislead UK public ahead of Budget?

Rachel Reeves’ tax-raising measures come after she pledged not to be a levy-hiking chancellor

World - Financial Times - October 31

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 - October 31

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

Labour wants to reverse decline – but with a big budget comes a big risk

The government knows cynical voters will need to see tangible change in public services and to feel better off. At the final political cabinet before Rachel Reeves delivered her first budget this ...

World - The Guardian - October 30

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".

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 - October 29

The unexamined big question around the UK Budget

Ignore the details of how Labour will raise taxes, spending and borrowing, and ask instead how much

World - Financial Times - October 24

UK landed estates warn Budget tax changes will ‘kill off’ business

Owners of historic houses hit out at changes to inheritance tax and national insurance

Business - Financial Times - November 9

UK Pizza Hut to raise funds after Budget tax hikes

The money could come from a sale of part of the business, or new investment from existing shareholders.

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 - October 30

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 - October 31

UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?

Chancellor’s solutions to improving economy and public services will be a radical change for country. Britain’s new government delivered its first budget on Wednesday setting out its plans for ...

World - The Guardian - October 30

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

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 - October 30

Badenoch's win and Labour's big Budget mean we now have sharper left-right divide

With the government announcing big spending and tax, the differences between the two main parties feel sharper, writes Laura Kuenssberg.

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 - October 30

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