Latest in UK government borrowing for October exceeds forecasts at £17.4bn
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UK government borrowing for October exceeds forecasts at £17.4bn
Data highlights challenges facing chancellor Rachel ReevesWorld - Financial Times - 16 hours ago -
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 - 13 hours ago -
Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK
British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...World - ABC News - October 30 -
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 -
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 -
October jobs forecast shaved to 110,000 after Boeing strike and hurricanes
The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...Business - MarketWatch - October 31 -
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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 - October 28 -
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 -
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 -
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 -
Public sector pay deals help drive up UK borrowing
Borrowing was £17.4bn last month, the second highest October figure since monthly records began in 1993.Top stories - BBC News - 12 hours ago -
UK inflation accelerates sharply to 2.3% in October
Increase from 1.7% prompts traders to further reduce bets that Bank of England will cut rates next monthBusiness - Financial Times - Yesterday -
Extra £1.7bn for Welsh government in UK Budget
The chancellor also announces cash for coal tip safety and green hydrogen projects in Wales.Top stories - BBC News - October 30 -
UK economy barely grows with Budget fears blamed
The chancellor says she is "not satisfied" by the latest growth figures, which were weaker than expected.Top stories - BBC News - 6 days ago -
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 - October 30 -
China retail sales beat forecasts in October while real estate slump worsens
Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.Business - CNBC - 6 days 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 - 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’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 -
UK house prices hit record high in October, says Halifax
Typical property now costs £293,999, surpassing previous peak set in June 2022World - Financial Times - November 7 -
What Trump's return to the White House could mean for global bond yields
It is thought that Trump's pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel inflation.Business - CNBC - Yesterday -
UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.Business - CNBC - Yesterday -
Higher energy bills push UK inflation to 6-month high in October
Inflation in the U.K. has risen sharply to a six-month high in OctoberWorld - ABC News - Yesterday -
UK regulator approves second Alzheimer's drug in months but government won't pay for it
Britain’s drug regulator approved the Alzheimer’s drug Kisunla on Wednesday, but the government won’t be paying for it after an independent watchdog agency said the treatment isn’t worth the cost ...Health - ABC News - October 23 -
UK regulator approves second Alzheimer's drug in months but government won't pay for it
Britain’s drug regulator approved the Alzheimer’s drug Kisunla on Wednesday, but the government won’t be paying for it after an independent watchdog agency said the treatment isn’t worth the cost ...World - ABC News - October 23 -
UK visa process for AI experts should be streamlined, says government adviser
Recommendations from Matt Clifford on boosting the tech industry also include special zones for data centresBusiness - Financial Times - October 30 -
UK government aims to ban smoking outside schools and hospitals
New legislation would cover children’s playgrounds, but pub gardens win reprieve after industry objectionsBusiness - Financial Times - November 5 -
Amazingly, there is more to say about the UK government’s £3.8mn wine cellar
Government Hospitality Wine Cellar 3: Revenge of the MandarinWorld - Financial Times - November 5 -
UK government launches new AI safety platform for businesses
Science and tech secretary Peter Kyle wants country to be global leader in testing safety of new technologyWorld - Financial Times - November 6 -
UK government pledges better treatment of people with autism and learning disabilities
Long-awaited mental health bill will end use of prison cells for people experiencing severe mental illnessWorld - Financial Times - November 6 -
UK government explores privately funded Birmingham-Manchester rail link
Mayors argue new train line is needed after northern leg of HS2 was axed on cost groundsWorld - Financial Times - November 8
