UK borrowing costs hit post election high on eve of Reeves’ first Budget

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 - 9 hours ago

Reeves Puts Bond Market Over UK Ministers in High-Risk Budget

World - Yahoo News - October 19

UK borrowing rises ahead of Budget

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

FirstFT: What to expect in Reeves’ first UK Budget today

Also in today’s newsletter, Alphabet and Reddit shares rise and Kamala Harris calls Donald Trump ‘unstable’

World - Financial Times - 1 hour 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 - 2 hours ago

What to expect in Rachel Reeves’ first Budget

Chancellor is due to unveil tax and spend measures, but she may struggle to boost growth quickly

World - Financial Times - 20 hours 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

How can Rachel Reeves fill the UK’s £40bn Budget gap?

Chancellor’s options hemmed in by Labour election promises and NHS spending

Business - Financial Times - October 18

Reeves’ Budget measures risk hitting ‘working people’, analysts say

Some businesses will struggle with tax rises alongside a higher minimum wage and new labour laws

World - Financial Times - Yesterday

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.

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 years

Business - Financial Times - October 22

Stellantis boss warns long EV transition poses cost ‘trap’ for carmakers

Carlos Tavares says industry will suffer from prolonged period of investing in both traditional engines and battery-powered cars

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

Premier Inn owner hit by falling demand for UK budget hotels

Whitbread profits slip as data suggests travellers are trading up to more expensive options

World - Financial Times - October 16

Reeves’s invidious choices in the Budget

As the FT’s chancellor game shows, the new ‘golden rule’ is her binding constraint. Meeting it could bolster fiscal credibility

World - Financial Times - October 16

Can Rachel Reeves use her defining Budget to escape UK's 'doom loop'?

The chancellor is under massive pressure to deliver - both to balance the books and fix public services.

Rachel Reeves’s Budget balancing act

The chancellor’s tax plans must avoid overburdening business and investors

Business - Financial Times - October 21

UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leeway. UK inflation surprise opens up wriggle room for lower rates and less painful budget ...

World - The Guardian - October 16

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

Reeves signals business taxes will rise in Budget

Chancellor says companies understand government must make ‘difficult decisions’ to balance books

Business - Financial Times - October 14

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

Reeves looking at sweeping inheritance tax changes in Budget

UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reforms

Business - Financial Times - October 18

Budget deals struck with all departments, says Reeves

Despite reports of internal rifts all government departments have agreed spending settlements, Reeves says.

Reeves pledges £1.4bn for 'crumbling' classrooms ahead of Budget

The chancellor says the government will ensure that 50 schools in England are rebuilt every year.

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

Reeves embarks on Budget that will define Labour government

Prime minister and chancellor aim to convey sense of joint purpose ahead of long-awaited fiscal event on Wednesday

Business - Financial Times - 2 days ago

A big Budget that will set agenda for years to come

Rachel Reeves' historic first Budget will set the agenda for the Labour government for years to come.

UK ministers seek to reassure bond investors on their borrowing plans

Treasury chief secretary Darren Jones sets out ‘guardrails’ for investment

Business - Financial Times - October 17

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 Budget

Business - Financial Times - Yesterday

IMF upgrades UK growth forecast in boost to Reeves

Fund’s chief economist sees chance of more ‘aggressive’ Bank of England rate cuts as chancellor prepares for Budget

Business - Financial Times - October 22

Reeves welcomes IMF's improved UK economic forecast

The global financial institution predicts stronger UK growth of 1.1% this year and 1.5% next year.

UK will not pay out over slavery, says Reeves

The chancellor says she understands why countries are making demands but the UK will not pay out.

Reeves Faces Cabinet Unease Over £40 Billion Hunt for Budget

World - Yahoo News - October 16

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