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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 - 21 minutes ago

UK borrowing rises ahead of Budget

Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.

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.

UK public borrowing exceeds official forecast in September

Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s Budget

Business - 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 - 2 days ago

Chris Mason: A change-making Budget but a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

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 rates

Business - Financial Times - October 14

UK ministers seek to reassure bond investors on their borrowing plans

Treasury chief secretary Darren Jones sets out ‘guardrails’ for investment

Business - 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.

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.

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

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 - 4 days ago

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 - 2 days ago

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

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

Business - MarketWatch - Yesterday

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. - Yesterday

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 - 10 hours 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 - 9 hours ago

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 - 6 hours ago

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 - 17 hours ago

4.8M borrowers, including 1M in public service, have had student debt forgiven, Biden admin says

The Biden administration announced it has provided student debt relief to more than 1 million borrowers who work in public service and 4.8 million borrowers in total.

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.

Business - CNBC - October 17

Biden extends student loan payment pause by 6 months for 8 million SAVE plan borrowers

Student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said.

Business - CNBC - October 21

America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?

It isn’t only subprime — renters and younger borrowers are weaker spots in an otherwise solid backdrop for consumer debt.

Business - MarketWatch - October 21

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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