Latest in UK borrowing costs hit highest level this year after Budget
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UK borrowing costs hit highest level this year after Budget
Bond market digests scale of extra borrowing from chancellor Rachel ReevesBusiness - Financial Times - 28 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 1990sBusiness - Financial Times - Yesterday -
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 - 21 hours ago -
UK borrowing rises ahead of Budget
Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.Top stories - BBC News - October 22 -
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 resultWorld - Financial Times - 3 hours ago -
10-year Treasury yield briefly tops 4.25%, hits highest level since late July
The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.Business - CNBC - October 23 -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - 8 hours ago -
Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.Business - CNBC - October 16 -
10-year Treasury yield slips from highest level since July after housing starts drop
Long-dated Treasury yields slipped from their highest levels in more than two months on Friday but ended the week little changed, after data showed new-home construction dipped in September.Business - MarketWatch - October 18 -
Budget boost to UK economy forecast to fade after two years
The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.Top stories - BBC News - 20 hours ago -
U.S. budget deficit in fiscal 2024 swells to third-highest level on record
The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.Business - MarketWatch - October 19 -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - Yesterday -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - 19 hours ago -
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 BudgetBusiness - Financial Times - 3 days 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 yearsBusiness - Financial Times - October 22 -
Bitcoin hits highest level since July, boosting other coins and crypto-related stocks
The price of bitcoin neared $68,400 on Wednesday, its highest since July, sparking a rally in other cryptocurrencies and related equities.Business - CNBC - October 17 -
US unemployment applications fall; continuing claims hit highest level since 2021
The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three yearsTop stories - ABC News - 6 days ago -
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...World - The Guardian - October 15 -
Silicon Valley’s General Catalyst raises $8bn in global push
New money is the largest sum raised by a venture capital firm in more than 2 yearsBusiness - Financial Times - October 24 -
FirstFT: Partner pay at US law firms hits record levels
Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programmeWorld - Financial Times - 6 days ago -
Warning workers' pay will be hit after Budget
The outlook for pay is "far from rosy", says the Resolution Foundation think tank after analysing the Budget.Top stories - BBC News - 2 hours 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 -
Premier Inn owner hit by falling demand for UK budget hotels
Whitbread profits slip as data suggests travellers are trading up to more expensive optionsWorld - Financial Times - October 16 -
UK hits wealthy with raids on non-doms, private equity and estates
Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreignersBusiness - Financial Times - 19 hours ago -
Fuel duty frozen but vehicle excise duty surges
Motoring organisations said chancellor’s reversal of planned fuel duty rises was ‘a big relief’World - Financial Times - 20 hours ago -
UK workers’ rights reforms to cost businesses £5bn a year
Government’s impact assessment finds companies will face bill for implementing new policiesBusiness - Financial Times - October 21 -
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Employment rights bill will cost firms £5bn per year but benefits will justify costs, government says – UK politics live
Analysis from business and trade department says bill will significantly strengthen workers’ right. In the past the weirdest budget tradition was the convention that the chancellor is allowed to ...World - The Guardian - October 21 -
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy ...World - ABC News - October 16 -
UK’s rising fiscal burden narrows tax gap with Europe
Britain’s fiscal picture is closer to EU averages than it has been for decadesBusiness - Financial Times - Yesterday -
UK public borrowing exceeds official forecast in September
Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s BudgetBusiness - 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 - 6 days ago -
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 -
30-year Treasury yield ends at highest since July after retail-sales, jobless data point to strong economy
U.S. government debt sold off on Thursday, sending Treasury yields up from their lowest levels in almost two weeks, after data on retail sales and jobless claims pointed to ongoing strength in the ...Business - MarketWatch - October 17
