Latest in UK borrowing costs hit post election high on eve of Reeves’ first Budget
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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 - October 30 -
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’ BudgetBusiness - Financial Times - October 31 -
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 -
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.Top stories - BBC News - November 1 -
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 - October 30 -
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 - October 30 -
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 -
UK retailers warn Reeves of £7bn hit from Budget changes
Changes to national insurance, national living wage and an existing packaging levy set to raise costs in the sectorBusiness - Financial Times - 2 days ago -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - 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 resultWorld - 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 -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - October 31 -
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 - October 30 -
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 -
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 - October 30 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
What to expect in Rachel Reeves’ first Budget
Chancellor is due to unveil tax and spend measures, but she may struggle to boost growth quicklyWorld - Financial Times - October 29 -
£500mn and counting: companies reckon with UK Budget costs
Sainsbury’s, BT and Wetherspoons among those warning that changes may force price rises for customersWorld - Financial Times - November 7 -
Reeves’ Budget measures risk hitting ‘working people’, analysts say
Some businesses will struggle with tax rises alongside a higher minimum wage and new labour lawsWorld - Financial Times - October 29 -
The UK Budget in five charts: Reeves limits BoE space for rate cuts
Central bank is nevertheless still likely to ease policy this year and nextBusiness - Financial Times - October 30 -
The Papers: Terror charge for Southport suspect and Reeves' first budget
New charges over the Southport attack in July and previews of Wednesday's Budget lead the papers.Top stories - BBC News - October 30 -
Rachel Reeves’ first Budget leaves key economic challenges unresolved
OBR says announcements amount to one of the biggest fiscal loosenings of recent decadesBusiness - Financial Times - October 30 -
Will women be the big losers from Rachel Reeves’ first Budget?
National insurance increases will push up the cost of childcare and hit lower-paid part-time jobsWorld - Financial Times - November 8 -
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 -
JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget
Pub chain says rise from higher taxes and NI contributions will fuel inflationWorld - Financial Times - November 6 -
BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - November 7 -
UK government considers ‘flexibilities’ to help carmakers hit EV targets
Transport secretary Louise Haigh says she is ‘listening mode’ about manufacturers’ challengesWorld - Financial Times - 4 days 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 - October 30 -
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 - October 30 -
Budget fallout will hit UK plc’s squeezed middle hardest
Smallest private sector employers will be protected from NI increase while big business can pass cost on to consumerWorld - Financial Times - November 11 -
Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nearing $100,000 – business live
UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes bitcoin towards $100k. The jump in UK borrowing last month ( see opening post ) makes it hard for ...World - The Guardian - 6 hours ago -
Charities, universities and GPs warn NI tax rise will hit jobs and services
Funding boost will be wiped out by cost of meeting higher employer levy, say contracted service providers and education bodiesBusiness - Financial Times - November 1