U.k Borrowers Remain

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 - November 15

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 - 4 days ago

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

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

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.

Student loan legal battles delay SAVE borrowers' path to forgiveness

With the Biden administration's new student loan repayment plan is tied up in legal battles, millions of borrowers have had their monthly payments put on hold.

Business - CNBC - Yesterday

Mistakes remain but England friendlies valuable

After edging out South Africa in a friendly, manager Sarina Wiegman says "football is a game of mistakes" and England want to have "as few of them as possible".

U.K. Man Who Posed as a Girl to Extort Teens Online Gets 20 Years in Prison

The Northern Ireland resident sought explicit images from thousands of girls he had groomed and blackmailed, leading to the death of a 12-year-old girl in the United States.

World - The New York Times - October 26

Teen accused of killing 3 U.K. girls had al Qaeda manual, police say

A teen accused of killing three girls in England is charged with producing the poison ricin and faces a terror offense for having a jihadi training manual.

Teen Accused in U.K. Taylor Swift Dance Class Stabbing Charged With Terror Offenses

The police said that they found Ricin and an Al Qaeda training manual in the suspect’s home. The attack on little girls at a Taylor Swift-themed event stoked anti-immigrant sentiment.

World - The New York Times - October 29

Traders expect calm response to U.K. budget after event caused turmoil two years ago

The bar is set very high for calamitous British budgets

Business - MarketWatch - October 30

U.K. government bond yields hit 2024 highs as traders balk at increased debt sales

Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.

Business - MarketWatch - October 31

Echoes of U.K.’s 2022 bond crisis weigh on Treasury market ahead of U.S. election

A selloff in the U.K. bond market on Thursday, triggered by concerns about planned government borrowing, sent the country’s yields higher in a manner slightly reminiscent of the 2022 gilt crisis ...

Business - MarketWatch - October 31

U.K. Police Recover $7.8 Million in Stolen Cars Including BMWs, Nissan GT-Rs, and a Lamborghini

World - Yahoo News - November 1

Kemi Badenoch, New Leader of the U.K.’s Tories, Vows to Make the Party More Conservative

Ms. Badenoch is expected to move the party, now in the opposition, further to the right.

World - The New York Times - November 2

The U.K. Conservative party's new leader is the first Black woman to lead a major British party

LONDON — Britain’s Conservative Party on Saturday elected Kemi Badenoch as its new leader as it tries to rebound from a crushing election defeat that ended 14 years in power.

U.K.'s Tories Turn to a Black, Right-Wing Culture Warrior to Revive Party

Kemi Badenoch became the first Black woman to lead the U.K.’s Conservative Party, following its disastrous performance in a recent general election.

World - The Wall Street Journal - November 2

U.K. prosecutors mull whether to charge Russell Brand over sex assault allegations

In September 2023, British media outlets Channel 4 and the Sunday Times published claims by four women of being sexually assaulted or raped by Russell Brand between 2006 and 2013.

Snow patch known as U.K.'s longest-lasting has vanished for fourth straight year

The Sphinx snow patch in Scotland used to linger year-round, but it has melted for the fourth consecutive year. Experts see it as a harbinger of climate change.

Traders trim Bank of England rate cut bets after U.K. inflation rebounds

The chances of another rate cut this year by the Bank of England has diminished after data showed an acceleration in the pace of Britain’s inflation last month.

Business - MarketWatch - 4 days ago

John Prescott, pugnacious deputy U.K. prime minister to Tony Blair, dies at 86

John Prescott, the pugnacious deputy prime minister to Britain’s Tony Blair during his 10 years in government, has died aged 86 after a battle with Alzheimer’s, his family said on Thursday.

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

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

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 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

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

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

World - Yahoo News - November 6

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

How to say 'no' when family and friends ask to borrow money, from a financial therapist

Here's one way to set financial boundaries with friends or family members and how to manage guilt when you need to say no, according to a financial therapist.

Business - CNBC - November 10

I’m 69 and have $10,000 in legal bills from my divorce. Is now the time to borrow from my IRA?

“I never dreamed I’d be in this position.”

Business - MarketWatch - November 12

What will a second Trump term mean for student-loan borrowers? Project 2025 and the Betsy DeVos era offer clues

The president-elect’s approach to student-loan debt is likely to mark a radical departure from the Biden administration’s