Latest in U.k Budget
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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. 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 - 1 hour ago -
Traders expect calm response to U.K. budget after event caused turmoil two years ago
The bar is set very high for calamitous British budgetsBusiness - MarketWatch - 9 hours 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 -
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 -
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 -
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 -
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 - 5 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 -
What time is the Budget and what could be in it?
Chancellor Rachel Reeves will set out the government's financial plans for the next year.Top stories - BBC News - 23 hours ago -
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 -
Pensions change to bring over 10,000 estates into inheritance tax
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - 9 hours ago -
Inheritance tax increases expected in Budget
It is not known how many people are likely to end up paying more under the government's plan.Top stories - BBC News - October 17 -
Rachel Reeves’s Budget balancing act
The chancellor’s tax plans must avoid overburdening business and investorsBusiness - Financial Times - October 21 -
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 -
France grapples with its budget mess
The political class needs to relearn the value of fiscal disciplineWorld - Financial Times - 6 days ago -
Key points from the Budget at a glance
Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010 – here’s what you need to know.Top stories - BBC News - 2 hours ago -
Reeves announces £40bn tax increase in UK Budget
Markets unsettled by extent of government borrowingBusiness - Financial Times - 1 hour ago -
What the Budget means for your money
Key measures on tax, investments, pensions and propertyBusiness - Financial Times - 3 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 -
British pound and bond yields dive as U.K. inflation hits lowest in more than three years
Traders boost rate cut bets after U.K. inflation dives below 2%Business - MarketWatch - October 16 -
Ozzy and Sharon Osbourne finally sell their $4.35 million L.A. condo and plan to head back to the U.K. for good
After more than two decades living in the U.S., the couple are one step closer toward their goal of ditching the U.S. for good.Business - MarketWatch - October 22 -
U.K. treasure hunters make millions off silver coins dated to 11th century
2,584 silver pennies dating from the Norman Conquest is Britain’s most valuable treasure find ever at over $5 million.Top stories - NBC News - October 23