Latest in U.k Borrowing
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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 -
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 - 7 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 -
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 -
Trump Accuses U.K. Labour Party of Election Meddling
Donald Trump’s campaign said Britain’s governing Labour Party had engaged in “blatant foreign interference.” Other British politicians have previously acted in support of Mr. Trump.World - The New York Times - 6 days ago -
U.K. Plans Disposable Vape Ban in England
The measure, which echoes plans in Scotland and Wales, aims to protect young people’s health and reduce environmental damage.World - The New York Times - 6 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 -
Chris Mason: Big tax, borrowing and spending plans
BBC Political Editor Chris Mason decodes the big plans revealed in Rachel Reeves first budget.Top stories - BBC News - 8 hours ago -
U.K. Gambling Stocks Fall on Reports of New Industry Taxes
Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.Business - The Wall Street Journal - October 14 -
Eli Lilly to trial use of weight loss drugs to combat unemployment in U.K.
U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K.Top stories - NBC News - October 16 -
Treasury yields end at nearly 2-week lows as oil prices fall further and U.K. inflation dives
U.S. government debt rallied slightly on Wednesday, pushing yields broadly lower, as crude-oil futures slipped and the U.K.’s annual consumer-price index inflation rate dropped below the Bank of ...Business - MarketWatch - October 16 -
U.K. Regulator Starts Review Into Motor and Home Insurance Market
The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.Business - The Wall Street Journal - October 16 -
The U.K. Will Debate Legalizing Assisted Dying. Here’s What to Know.
A bill introduced in the House of Commons could legalize assisted dying for the terminally ill, under strict conditions. A similar proposal was rejected in 2015.World - The New York Times - October 17 -
David Lammy, U.K. Foreign Secretary, Visits China in Bid to Reset Relations
David Lammy is set to meet China’s foreign minister in Beijing on Friday, in a trip the British government said would acknowledge “areas of contention as well as areas for cooperation.”World - The New York Times - October 18 -
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HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery saidBusiness - MarketWatch - October 22 -
Son of Singapore’s First Prime Minister Says He Is Granted Asylum in the U.K.
Lee Hsien Yang accused his brother, a former prime minister, of persecuting him politically, inflaming the feud in Singapore’s first family.World - The New York Times - October 23 -
Tommy Robinson, U.K. Anti-immigrant Agitator, Jailed for Contempt of Court
The founder of the English Defence League was sentenced to 18 months for ignoring a court order to stop making false claims about a teenage Syrian refugee.World - The New York Times - Yesterday -
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 - Yesterday -
U.K. to lift minimum wage to $15.84 an hour. Here’s how it compares to the U.S.
The U.K.’s chancellor of the exchequer confirmed the government will lift the U.K.’s national minimum wage by 6.7% in April 2025 to hourly rates of £12.21 ($15.84)Business - MarketWatch - 11 hours 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 -
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 -
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 - 8 hours ago -
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 - 5 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 - 15 hours ago -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetWorld - Financial Times - 5 hours ago -
U.S. Tech Firms to Invest More Than $8 Billion in U.K. Data Centers Amid AI Frenzy
Surging AI demand has led to a combined investment of $8.23 billion in U.K. data centers from four American tech companies.Tech - The Wall Street Journal - October 14 -
Could Weight-Loss Drugs Help Get People Back to Work? The U.K. Wants to Find Out.
The British government announced a multimillion dollar pharmaceutical partnership with Eli Lilly, including a trial that will study the impact of a weight-loss drug on work and productivity.World - The New York Times - October 15