UK Treasury chief unveils budget with 40 billion pounds in tax hikes, promising greater investment

UK Treasury chief unveils budget with $50 billion in tax hikes, promising greater investment

British Treasury chief Rachel Reeves is announcing $50 billion in tax hikes in her first budget, saying she will use the money to “invest, invest, invest” and get the economy growing

World - ABC News - 52 minutes ago

UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”

World - ABC News - 1 hour ago

U.K. government bond yields volatile as budget delivers £40 billion tax hike

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 - 10 minutes ago

Reeves announces £40bn tax increase in UK Budget

Business bears brunt of rises with employers set to pay £25bn more in national insurance

Business - Financial Times - 8 minutes ago

Reeves to promise ‘wealth and opportunity for all’ in major tax-raising budget

Having announced minimum wage boost, chancellor to say she can spare working people from tax rises. Autumn budget live: latest news updates The UK’s national minimum wage is to rise by a ...

World - The Guardian - 16 hours ago

Reeves Faces Cabinet Unease Over £40 Billion Hunt for Budget

World - Yahoo News - October 16

Biden to unveil $3 billion investment in U.S. ports in Baltimore

President Biden will announce initiative to modernize ports across the U.S. and improve working conditions for dockworkers.

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

Rachel Reeves, the new finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 11 minutes ago

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

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 consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live

People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK. Budget will reverse huge cuts in UK’s public investment, Reeves confirms Fewer ...

World - The Guardian - 5 days ago

ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

American enterprise software giant ServiceNow and cloud computing startup CoreWeave plan to invest billions of dollars in their U.K. operations.

Business - CNBC - October 14

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 - 10 hours ago

Trump’s tariffs pose a greater risk to markets than his tax cuts

They pose a significant threat to the global economy because of how far-reaching they are, the odds of implementation and the potential for widespread retaliation.

Politics - The Hill - October 18

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Hunt warns that Reeves will ‘trash’ economy with business tax hikes

Shadow chancellor says he rejected Treasury advice to raise employers’ national insurance payments

World - Financial Times - October 22

Inheritance tax increases expected in Budget

It is not known how many people are likely to end up paying more under the government's plan.

Nvidia to unveil Thailand investment plans in December

World - Yahoo News - October 22

Reeves will not unveil new freeports in Budget, officials admit

One government figure says Downing Street announcement on Friday was ‘total cock-up with the comms’

Business - Financial Times - 2 days ago

French Left’s Tax Hike Proposals ‘Unbearable,’ Premier Says

World - Yahoo News - October 20

Reeves Mulls Amazon Tax Hike to Aid Bricks-and-Mortar Stores

World - Yahoo News - October 22

Luxury, defence and construction companies hit by French tax hike

Chief executives warn that Michel Barnier’s plan will reverse Emmanuel Macron’s business-friendly reforms

Business - Financial Times - 3 days ago

Kamala Harris's corporate tax hike would hurt innovation, American workers

While Americans struggle to afford basic necessities, Vice President Kamala Harris continues to campaign on the same economic policies that caused inflation to skyrocket. In a speech on her ...

Politics - The Hill - Yesterday

Beyond to Make Physical Retail Comeback With Investment in The Container Store

Beyond is investing $40 million in The Container Store, providing the struggling retail chain a financial lifeline while returning some Bed Bath & Beyond products back to physical retail locations.

Business - The Wall Street Journal - October 15

UK borrowing rises ahead of Budget

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

HSBC chief Elhedery unveils sweeping overhaul of lender

Bank plans to separate east from west and split into 4 units to cut costs and simplify its business