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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.

UK government borrowing for October exceeds forecasts at £17.4bn

Data highlights challenges facing chancellor Rachel Reeves

World - Financial Times - 6 hours ago

Student loan servicers are pulling incorrect payments from borrowers' bank accounts, consumer protection bureau says

Lenders often encourage federal student loan borrowers to sign up for automatic payments. But a new report shows the decision can backfire.

Business - CNBC - Yesterday

Student loan servicers are pulling incorrect payments from borrowers' bank accounts

Lenders often encourage federal student loan borrowers to enroll in automatic payments.

Companies rush to US bond market as Trump rally cuts borrowing costs

Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this week

Business - Financial Times - 6 days ago

China borrows almost as cheaply as US in return to dollar bond market

Investors place nearly $40bn of orders to buy $2bn of bonds issued by China’s finance ministry

Business - Financial Times - November 14

3 ways President-elect Donald Trump's next term may impact student loan borrowers

The former president will return to the White House in January 2025 following his win over Vice President Kamala Harris.

Business - CNBC - November 8

China's developers are borrowing more to sate thirst for capital after flood gates opened

World - Yahoo News - November 6

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.

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

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.

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’ Budget

Business - 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 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

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 result

World - Financial Times - October 31

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - October 31

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.

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 rise as Reeves’ spending plans unnerve investors

Ten-year gilt yield hits five-month high after chancellor’s first Budget

Business - Financial Times - October 30

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 - October 30

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 - October 30

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 - October 30

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - October 30

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. - October 29

Beijing considers $1.4 trillion borrowing increase to support economy: Reuters

Fresh stimulus would help local authorities resolve off balance-sheet debt

Business - MarketWatch - October 29

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

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.

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 - October 28

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

Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin

The Biden administration introduced a proposal to deliver student loan forgiveness to millions of people experiencing devastating financial hardship.

Business - CNBC - October 25

Student-loan borrowers facing financial hardship could get debt forgiveness — if Biden’s new plan survives

Student-loan borrowers struggling financially may have a path toward debt relief if the Biden administration gets its way.

Business - MarketWatch - October 25

8 million student loan borrowers would qualify for relief under Biden 'hardship' rules

The Biden administration announced on Friday proposed rules to give student debt relief to borrowers experiencing “hardship” in the president’s latest attempt to forgive student loans. The ...

Politics - The Hill - October 25

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.

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

Borrowers on the SAVE plan will be in forbearance for at least 6 more months—what to know if you're enrolled or want to apply

Borrowers can once again apply for the new Saving on a Valuable Education plan, but it's unclear if and when the benefits will go into effect.

Business - CNBC - October 22

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