Latest in Big Taxes Borrowing
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Chris Mason: A change-making Budget and a moment of jeopardy
The government's fate will depend on whether it can make things better, says political editor Chris Mason.Top stories - BBC News - 5 days ago -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - 4 days ago -
Britain's Labour Party Bets on Big Taxes, Borrowing to Boost Economy
The U.K.’s new government presented its plan to jolt the country out of years of moribund growth: more taxes and a bigger state.World - The Wall Street Journal - 5 days ago -
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 - 5 days 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 - 5 days ago -
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 - 4 days ago -
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 - 4 days ago -
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Newsom calls for big boost in funding for California's film and TV tax credit, throwing Hollywood a lifeline
Gov. Gavin Newsom has unveiled plans to increase the cap on California's film and TV tax credit program to $750 million as Hollywood struggles to compete with rivals.Entertainment - Los Angeles Times - October 27 -
UK borrowing rises ahead of Budget
Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.Top stories - BBC News - October 22 -
What are the cheapest borrowing options this November?
Trying to find the most affordable loans right now? These options come with some of the lowest rates available now.Top stories - CBS News - October 28 -
UK public borrowing exceeds official forecast in September
Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s BudgetBusiness - Financial Times - October 22 -
Treasury trims fourth-quarter borrowing estimate
The Treasury Department said Monday that it expects to borrow $546 billion in the fourth quarter, which is $19 billion lower than previously estimated.Business - MarketWatch - October 28 -
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 - 3 days ago -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
Corporate debts mount as credit funds let borrowers defer payments
Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest ratesBusiness - Financial Times - October 14 -
UK ministers seek to reassure bond investors on their borrowing plans
Treasury chief secretary Darren Jones sets out ‘guardrails’ for investmentBusiness - Financial Times - October 17 -
Why home equity borrowers shouldn't wait for the November rate cut
If you need to access your home equity consider acting now, before a potential November rate cut. Here's why.Top stories - CBS News - October 21 -
White House extends repayment freeze for 8 million student borrowers
Student loan payments for people enrolled in the Biden administration's SAVE plan will remain on hold for at least six more months.Top stories - CBS News - October 21 -
2 cheap ways to borrow $100,000 worth of home equity right now
Need to borrow $100,000 from your home equity? Here are two of the cheapest ways to do so right now.Top stories - CBS News - October 23 -
Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient
The U.K.’s largest mortgage provider confirmed its full-year guidance after pretax profit fell by less than expected on lighter impairments for bad loans as British borrowers remained resilient ...Business - The Wall Street Journal - October 23 -
Biden Administration Floats Student Loan Relief for Borrowers Facing Hardship
The proposal, which faces tough legal prospects, would offer forgiveness to millions of borrowers who are unable to pay back their loans because of financial setbacks.Business - The New York Times - October 26 -
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 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - 6 days ago -
Small Business Owners More Confident About Borrowing After Rate Cut
Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.Business - Inc. - 6 days ago -
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 - 5 days ago -
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 - 5 days ago -
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 - 4 days ago -
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 - 3 days ago -
3 smart home equity borrowing moves to make this November
Considering tapping into your home equity this November? Here are three smart borrowing moves to know now.Top stories - CBS News - 3 days ago -
Goodbye to low-tax Britain
One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shiftBusiness - Financial Times - 5 days ago -
These two ‘low tax’ states are getting socked with fast-rising property taxes
Nationally, property taxes in major cities have gone up 30% since 2019, according to a new Redfin analysis.Business - MarketWatch - 6 days ago -
Inheritance tax increases expected in Budget
It is not known how many people are likely to end up paying more under the government's plan.Top stories - BBC News - October 17 -
Who has to pay inheritance tax?
Inheritance tax is again creating political debate so how does it work and who pays?Top stories - BBC News - October 18