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Latest in UK borrows far more than expected in December

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  • Blow to Reeves as UK borrowing unexpectedly jumps

    Blow to Reeves as UK borrowing unexpectedly jumps

    Borrowing - the difference between spending and tax revenue - was £17.8bn last month, putting more pressure on the chancellor.
    BBC News - 1h
  • UK borrows far more than expected in December

    UK borrows far more than expected in December

    Government borrowing hits £17.8bn as chancellor Rachel Reeves faces pressure to turn around the economy
    Financial Times - 3h
  • UK borrowing jumps unexpectedly, adding to pressure on Rachel Reeves

    UK borrowing jumps unexpectedly, adding to pressure on Rachel Reeves

    Increase to £17.8bn is well above City forecasts and is highest December figure for four years. Business live – latest updates UK government borrowing jumped unexpectedly to £17.8bn last ...
    The Guardian - 1h
  • Trump expected to sign more than 50 executive orders Monday

    Trump expected to sign more than 50 executive orders Monday

    Donald Trump plans to sign more than 50 executive orders Monday — and possibly more than 100 of them — on the first day of his second presidency, according to a person in his transition operation.
    NBC News - 2d

  • A Wedding Ceremony Reflecting More Than Just Their Love

    Sydney Hopfer and Jes Graham, who met three years ago, pushed up their wedding date and used the occasion to include “our political statement.”
    The New York Times - 4d

  • Core inflation rate slows to 3.2% in December, less than expected

    The consumer price index was expected to rise 0.3% in December and show an annual inflation rate of 2.9%.
    CNBC - 6d

  • Amorim: Saints to teach me more than Arsenal

    Ruben Amorim said he will learn more about his players when they face Southampton than during the performances against Liverpool and Arsenal.
    ESPN - 6d
  • Rising borrowing costs batter UK government and threaten to derail its left-leaning program

    Rising borrowing costs batter UK government and threaten to derail its left-leaning program

    Britain’s new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being battered by rising ...
    ABC News - Jan. 15
  • Biden cancels student loans for 150,000 more borrowers

    Biden cancels student loans for 150,000 more borrowers

    President Joe Biden announced his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt cancelled under the ...
    NBC News - Jan. 13
  • Biden announces student debt relief for 150,000 borrowers, bringing total helped to more than 5M

    Biden announces student debt relief for 150,000 borrowers, bringing total helped to more than 5M

    The Biden administration announced Monday it was forgiving student loans for more than 150,000 borrowers, bringing the total number of individuals impacted by debt relief in President Biden’s term ...
    The Hill - Jan. 13

  • India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts

    The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.
    CNBC - Jan. 13
  • The Mothers on Broadway Are Finally More Than Monsters

    The Mothers on Broadway Are Finally More Than Monsters

    Onstage, the flip-side of filial devotion has often been contempt. But a wave of forceful and multidimensional mothers suggests that may be changing.
    The New York Times - Jan. 13

  • Spike in UK borrowing costs raises specter of public spending cuts

    Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.
    CNBC - Jan. 13

  • China's imports post surprise growth in December; exports beat expectations as higher tariffs loom

    Economists are expecting exports to make a notable boost to China's economic growth last year when the figures are released later this week.
    CNBC - Jan. 13

  • More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time

    If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.
    CNBC - Jan. 12

  • Stock market plunges after better-than-expected December jobs report

    The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...
    CBS News - Jan. 10
  • The TikTok Ban Is More Likely Than Ever

    The TikTok Ban Is More Likely Than Ever

    While Supreme Court justices pressed both sides in Friday’s oral arguments, experts say it’s hard to see how TikTok gets enough votes to survive.
    Wired - Jan. 10

  • U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

    Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.
    CNBC - Jan. 10

  • December jobs report exceeds expectations

    The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.
    CBS News - Jan. 10
  • UK government borrowing costs rise towards 16-year high

    UK government borrowing costs rise towards 16-year high

    Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rules
    Financial Times - Jan. 10

  • December jobs report expected to show hiring slowdown

    The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...
    CBS News - Jan. 10
  • Pound falls to lowest in over a year after UK borrowing costs rise

    Pound falls to lowest in over a year after UK borrowing costs rise

    Economists have warned the rise could mean further tax hikes or spending cuts by the government.
    BBC News - Jan. 9
  • UK government seeks to soothe bond market nerves after borrowing costs soar

    UK government seeks to soothe bond market nerves after borrowing costs soar

    Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’
    Financial Times - Jan. 9
  • UK borrowing costs rising - what does it mean for me?

    UK borrowing costs rising - what does it mean for me?

    Government borrowing costs have hit their highest level for several years - what does it mean for you?
    BBC News - Jan. 9
  • American Primeval review – this samey Western is far less clever than it thinks it is

    American Primeval review – this samey Western is far less clever than it thinks it is

    Like all modern takes on frontier life, this drama focuses on its brutish nature. We’ve seen it all before – even if it is a gripping yarn. American Primeval opens in Utah Territory, 1857. “Wild ...
    The Guardian - Jan. 9
  • UK 10-year borrowing costs hit highest level since 2008

    UK 10-year borrowing costs hit highest level since 2008

    Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules
    Financial Times - Jan. 8

  • Private sector companies added 122,000 jobs in December, less than expected, ADP says

    Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.
    CNBC - Jan. 8

  • More dangerous winds expected in California

    As wildfires continue to spread in Southern California, the worst of the heavy winds haven't even arrived. Lonnie Quinn takes a look at what comes next.
    CBS News - Jan. 7

  • Grooming gangs scandal: what has the UK government done so far?

    The 2022 Jay Review made 20 recommendations to crack down on sexual abuse yet almost none have been carried out
    Financial Times - Jan. 7
  • Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves

    Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves

    The Chancellor may face the prospect of breaking her own Budget rules
    BBC News - Jan. 7
  • UK long-term borrowing costs hit highest level since 1998

    UK long-term borrowing costs hit highest level since 1998

    Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rules
    Financial Times - Jan. 7

  • Euro zone inflation rose to 2.4% in December, meeting expectations

    Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.
    CNBC - Jan. 7

  • UK house prices dipped in December, says Halifax

    Decline is first for nine months although prices still 3.3% above last year
    Financial Times - Jan. 7

  • Electricity co-operation post-Brexit has far more positives than negatives

    A simple trading agreement would suit both Europe and the UK
    Financial Times - Jan. 6

  • German inflation rises more than expected to 2.9% in December

    German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said Monday.
    CNBC - Jan. 6
  • German leader is more worried about Musk's backing of a far-right party than his insults

    German leader is more worried about Musk's backing of a far-right party than his insults

    German Chancellor Olaf Scholz says he's staying “cool” against critical personal comments made by Elon Musk but finds it worrying that Musk makes the effort to get involved in Germany's general ...
    ABC News - Jan. 4
  • Musk urges release of far-right UK figure; blasts PM Starmer

    Musk urges release of far-right UK figure; blasts PM Starmer

    Elon Musk has called for the release of far-right activist Tommy Robinson and criticized British Prime Minister Keir Starmer on social media, while also praising Nigel Farage's Reform UK party and ...
    The Hill - Jan. 2

  • UK house prices rise more than expected in December

    Month-on-month increase of 0.7% takes average house price close to record high
    Financial Times - Jan. 2
  • The attack was the deadliest in the U.S. in more than a year.

    The attack was the deadliest in the U.S. in more than a year.

    Less than a month ago, New York State authorities charged Luigi Mangione with an act of terrorism in the killing of a health care executive in a shooting in Midtown Manhattan.
    The New York Times - Jan. 1
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