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 - 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 - 22 hours ago

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 as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - Yesterday

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 - 19 hours ago

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 - 12 hours ago

UK borrowing rises ahead of Budget

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

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 - 3 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 - 18 hours ago

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 - 3 days ago

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 - 8 hours ago

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 - 18 hours ago

UK borrowing costs hit highest level this year after Budget

Bond market digests scale of extra borrowing from chancellor Rachel Reeves

Business - Financial Times - 32 minutes 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".

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

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

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 - 2 days ago

Gambling stocks hit by fears of UK Budget tax grab

Ladbrokes owner Entain falls 8% while Flutter loses 6%

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

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 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 - Yesterday

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 - 19 hours ago

UK bookmakers don’t want to (and probably won’t have to) pay more tax

Won’t somebody please think of Queen Camilla?

Business - Financial Times - October 14

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 - 17 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 - Yesterday

Reeves’s long-term spending figures almost as unrealistic as Tories’ were, IFS says – UK politics live

Institute for Fiscal Studies says budget ‘looks like the same silly games’ as seen under the Conservatives. Rachel Reeves is now being interview on ITV’s Good Morning Britain.. She is being ...

World - The Guardian - 27 minutes ago

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

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