Labour’s Budget Borrows

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 - 8 hours ago

UK borrowing rises ahead of Budget

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

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 - 22 hours ago

Reeves embarks on Budget that will define Labour government

Prime minister and chancellor aim to convey sense of joint purpose ahead of long-awaited fiscal event on Wednesday

Business - Financial Times - 3 days ago

UK Budget: What to Know Before Labour’s Announcement

The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.

Top stories - The New York Times - 3 days ago

Britain’s Labour Budget: bold ambition, uncertain prospects

Rachel Reeves must now deliver on her investment plans, or taxes will rise even further

World - Financial Times - 18 hours ago

Did Labour mislead UK public ahead of Budget?

Rachel Reeves’ tax-raising measures come after she pledged not to be a levy-hiking chancellor

World - Financial Times - 8 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.

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 - 21 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 - Yesterday

UK borrowing costs hit highest level this year after Budget

Bond market digests scale of extra borrowing from chancellor Rachel Reeves

Business - Financial Times - 18 minutes 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 - 12 hours ago

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 risks

World - Financial Times - October 21

Reeves: ‘My budget will match greatest economic moments in Labour history’

The chancellor says she will invest to reverse Tory decline, but stands accused of breaking party manifesto promises . Labour will launch a new era of public and private investment in hospitals, ...

World - The Guardian - 4 days ago

The Papers: Budget 'to match Labour best' and King back to full duties

Rachel Reeves promising to keep Labour's promises and King Charles's health, lead the papers.

Budget watchdog will break impartiality, claims Hunt

The former chancellor says the publication of a review which could criticise the Conservatives on Budget day would "cross a line".

Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty

U.K. Finance Minister Rachel Reeves will deliver the government's hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts.

Business - CNBC - 2 days ago

Budget will end neglect of ‘broken not beaten’ NHS, say Labour ministers

Funding for more surgical hubs and radiotherapy machines planned in what PM says will be budget to ‘fix foundations’. The budget will revive a “broken but not beaten” NHS, Labour ministers have ...

World - The Guardian - 2 days ago

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

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 19 hours ago

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 - 18 hours ago

Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...

World - The Guardian - 19 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 1990s

Business - 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 result

World - Financial Times - 2 hours ago

UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?

Chancellor’s solutions to improving economy and public services will be a radical change for country. Britain’s new government delivered its first budget on Wednesday setting out its plans for ...

World - The Guardian - 16 hours 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.

Labour’s unambitious reset with the EU

The UK government has constrained itself too much within its red lines

World - Financial Times - October 17

Sketchy Politics: Labour Pains

How will Labour handle their first Budget?