Latest in Budget Borrows Big
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UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - 6 hours ago -
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 - 9 hours ago -
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 -
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 - 19 hours 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 - Yesterday -
UK borrowing costs hit highest level this year after Budget
Bond market digests scale of extra borrowing from chancellor Rachel ReevesBusiness - Financial Times - 1 hour ago -
IMF backs Reeves on £40bn of ‘sustainable’ UK tax rises
Chancellor’s Budget will take country’s tax burden to record highBusiness - Financial Times - 2 hours 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 - 20 hours ago -
The unexamined big question around the UK Budget
Ignore the details of how Labour will raise taxes, spending and borrowing, and ask instead how muchWorld - Financial Times - October 24 -
Chris Mason: Chancellor will set agenda for years to come
Rachel Reeves' historic first Budget will set the agenda for the Labour government for years to come.Top stories - BBC News - Yesterday -
Labour wants to reverse decline – but with a big budget comes a big risk
The government knows cynical voters will need to see tangible change in public services and to feel better off. At the final political cabinet before Rachel Reeves delivered her first budget this ...World - The Guardian - 16 hours 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 - Yesterday -
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 - 1 hour ago -
Autumn Budget: business fears big rise in national insurance
Tax experts warn of potential hit to retirement savings as companies race to calculate impact on costsWorld - Financial Times - October 14 -
Reeves banks on big Budget wheeze to reconcile Labour’s pledges
Continuing Tory ‘stealth’ freeze on thresholds pulls many middle earners into higher rate, but carries risksWorld - Financial Times - October 21 -
In U.K. Budget, Labour’s First Big Political Moment Offers Risk and Reward
British Prime Minister Keir Starmer’s government has stumbled since his party won a landslide victory, but the financial plan to be announced on Wednesday offers a possible relaunch.World - The New York Times - 2 days ago -
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 - 2 days ago -
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 - 2 days ago -
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 - 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 BudgetBusiness - 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 debtBusiness - 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 -
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 - 17 hours ago -
Reeves’s invidious choices in the Budget
As the FT’s chancellor game shows, the new ‘golden rule’ is her binding constraint. Meeting it could bolster fiscal credibilityWorld - Financial Times - October 16 -
Three tests for Britain’s Budget
Reeves must stabilise the economy, and pave the way for higher growthBusiness - Financial Times - 3 days ago -
How are investors preparing for the Budget?
Executives are seeking to minimise their exposure ahead of what could be the biggest tax-raising statement for a generationBusiness - Financial Times - Yesterday