UK spending cuts would damage ‘foundations of the economy’, Reeves told

Wayfair customers are more price conscious, have cut spending as election nears

Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.

Business - MarketWatch - November 1

Israeli budget hikes military spending, VAT, cuts social services

World - Yahoo News - November 1

Musk draws skepticism with call for $2 trillion in spending cuts

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...

Politics - The Hill - 6 days ago

Rachel Reeves gives closing speech at UK investment summit – business live

Chancellor says £60bn of investment has been announced at summit, showing confidence in UK economy. Keir Starmer will promise to slash red tape as he hosts investment summit Who will attend ...

World - The Guardian - October 14

Wealthy non-doms lobby UK for Italian-style tax regime

Push for Budget reforms to allow foreign residents to pay tiered charges amid fears of exodus of rich

Business - Financial Times - October 15

FirstFT: Musk backs Trump election bid with $75mn donation

Also in today’s newsletter, luxury shares fall after poor LVMH results and Boeing raises new capital

World - Financial Times - October 16

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 Puts Bond Market Over UK Ministers in High-Risk Budget

World - Yahoo News - October 19

Reeves confirms change to UK fiscal rules to help fund £20bn of annual investment

Chancellor promises in FT to avoid ‘falls in public sector investment’ planned by Tories

Business - Financial Times - October 24

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 results

World - Financial Times - October 30

HK Leader May Focus on Economy, Liquor Tax Cut in Speech

World - Yahoo News - October 15

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...

World - The Guardian - October 17

What a potential Fed rate cut could mean for the economy

As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on ...

What does the Fed's interest rate cut say about the state of the economy?

The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...

UK must show ‘swagger’ to attract spending, investment minister says

Keir Starmer ‘supports’ rather than ‘degrades’ businesses, Poppy Gustafsson tells FT

Business - Financial Times - October 15

UK Christmas advertising attracts record spending but brands shun television

Online display to enjoy biggest increase as advertisers prepare to splash out £10.5bn

World - Financial Times - 2 days ago

Trump return puts UK defence spending top of agenda

Politicians say we're living in dangerous times, and Trump is a lot less willing than Biden to pay for Europe's defence.

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

Greek police arrest third suspect over bombing as minister warns of new generation of extremists

Greek police have arrested a third suspect in connection with an explosion in central Athens last week that authorities have blamed on an alleged aspiring domestic extremist group

World - ABC News - 5 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.

Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.

Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”

Business - The New York Times - October 15

The Papers: Justice cuts would be 'disaster' and 'special needs crisis'

The Budget to be set out next week and the soaring costs of special needs education lead the papers.

Pension funds warn being forced to invest in UK would be ‘huge mistake’

Industry fears having to buy lower-quality assets at unattractive prices after minister says ‘considering all options’

World - Financial Times - October 18

UK fuel duty rise would rekindle inflation, warn motoring groups

Rachel Reeves expected to axe 5p discount and weighs reinstating inflation-linked rises in Budget