Fiscal Black Hole - QuikReader

Peering inside a (fiscal) black hole

Come for the snark, stay for the Soundgarden puns

World - Financial Times - 7 hours ago

Jeremy Hunt attempts to block watchdog report on £22bn ‘fiscal hole’

Former chancellor argues publication on Budget day will be used by Labour as ‘political weapon’

Business - Financial Times - 3 days ago

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

The English county facing the biggest financial ‘black hole’

Even in relatively prosperous Hampshire, the cost of providing social care is swallowing up funding for everything else

Business - Financial Times - October 22

Two Black Holes are Giving the Cosmos a Fright

The ghosts of stars are up to their usual mischief.

World - The New York Times - Yesterday

Is there a £22bn ‘black hole’ in the UK’s public finances?

Economists say the state of public finances should not have come as a complete surprise to the new government.

The Papers: 'Bogus £40bn black hole' and 'Tuchel takes hotseat'

Many newspapers lead on the Budget and report that Chancellor Rachel Reeves faces a "backlash".

Treasury failed to disclose ‘material’ spending pressures under Hunt, says OBR

Watchdog says it cannot tell how big ‘black hole’ inherited by Rachel Reeves would have been with full transparency

World - Financial Times - Yesterday

It’s hard to fill a budget black hole if you’ve ruled out raising income tax | William Keegan

Keir Starmer and Rachel Reeves were so desperate to win the election that they deprived themselves of the best tools for fixing their bleak ‘inheritance’. It saddens those of us who waited so long ...

World - The Guardian - 5 days ago

Europe’s fiscal tug of war

Pressure to display fiscal discipline is no less high than pressure to spend more on security and economic innovation

World - Financial Times - 6 days ago

China’s investors are counting on fiscal stimulus

Recent market rally will peter out without decisive policy action to boost the economy

World - Financial Times - October 16

Why chancellors need fiscal rules

Rachel Reeves’s new set-up frees up capital spending but her ability to reap benefits depends on many other things

Business - Financial Times - October 25

Starmer to pledge to ‘embrace fiscal reality’ in the Budget

UK prime minister is facing growing criticism that planned tax rises will hit ‘working people’

Business - Financial Times - 4 days ago

The elusive pivot from monetary to fiscal tightening

IMF wants lower interest rates and government deficits. That looks unlikely

World - Financial Times - 3 days ago

'Hole in the ground' nuclear bunker to go under the hammer

"Quirky" buyer is sought for the nuclear bunker under a field, which has no running water or toilet.

The unfair hole in next week’s UK Budget

Why will council tax remain decades out of date?

Business - Financial Times - October 25

Chinese stocks gain after Beijing lays out fiscal plans

Government plans to increase spending to boost world’s second-largest economy

Business - Financial Times - October 14

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

U.S. budget deficit in fiscal 2024 swells to third-highest level on record

The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.

Business - MarketWatch - October 19

Why Xi Jinping changed his mind on China’s fiscal stimulus

After resisting calls to intervene, Beijing has made a sudden U-turn. But will the package be enough to get the economy back on track?

Business - Financial Times - October 22

My fiscal rules will provide the stability on which growth depends

Britain faces a choice between investment or decline

Business - Financial Times - October 24

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

UK’s rising fiscal burden narrows tax gap with Europe

Britain’s fiscal picture is closer to EU averages than it has been for decades

Business - Financial Times - 2 days ago

Barclays’ chief defends Reeves as business criticises Budget tax rises

Retail and hospitality bosses warn UK chancellor that national insurance changes will lead to job losses

Business - Financial Times - 18 hours ago

Bengals vs. Giants score: Cincinnati wins ugly 17-7 defensive slugfest at the Meadowlands on Sunday Night Football

Neither offense played well, but the Bengals' run game did just enough for the win.

Sports - Yahoo Sports - October 13

Meloni targets banks and insurers to raise €3.5bn to plug Italian budget

Rome approves proposals targeting deferred tax payments and stock options in financial sector

World - Financial Times - October 15

Olivia Rodrigo says she's OK after falling through hole on stage

The Vampire singer was performing her final gig in Melbourne, Australia, when she fell into a hole.

Olivia Rodrigo says 'I'm OK' after falling into hole on stage

"That was fun. I'm OK. Sometimes there's just a hole in the stage," she tells an audience in Melbourne.

Guerrier wins after going 9 playoff holes in Spain

Julien Guerrier beat Jorge Campillo on the record-tying ninth playoff hole.

Sports - ESPN - October 20

'Electric' Yamamoto delivers, puts Dodgers up 2-0

Yoshinobu Yamamoto tossed his best game in a while, allowing just one hit as the Dodgers won 4-2 to take a 2-0 lead over the Yankees in the World Series.

Sports - ESPN - 5 days ago

Peter Navarro on Trump rally comedian: 'Biggest, stupidest a‑‑hole'

Former Trump White House adviser Peter Navarro blasted comedian Tony Hinchcliffe as the “stupidest a‑‑hole" after he joked that Puerto Rico is “a floating island of garbage” during his speech at ...

Politics - The Hill - 3 days ago

A U.S. fiscal crisis would happen incredibly quickly — and there’s no way to predict when, says head of budget watchdog

The U.S. fiscal backdrop is “structurally unsound,” but no one knows when or if financial markets might force change, says president of the bipartisan Committee for a Responsible Federal Budget.

Business - MarketWatch - October 24

Treasury market under Trump at risk from inflation, not larger fiscal deficit, says analyst

The danger to the Treasury market from a second Donald Trump presidency comes not from a sharp increase in bond issuance but revived price pressures

Business - MarketWatch - 6 days ago

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