Latest in £500mn and counting: companies reckon with UK Budget costs

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UK made legal error in granting oil and gas licences, companies will admit

Rosebank and Jackdaw projects to be scrutinised in key case for future offshore fossil fuel projects
Business - Financial Times - November 11
UK air traffic control failure cost up to £100mn, finds review

Report into August 2023 travel chaos highlights lack of planning and training across the aviation sector
World - Financial Times - November 14
‘The storm before the storm’: UK lawyers race to deal with deluge of Budget enquiries

Proposed changes to inheritance and capital gains taxes have led to frenzy of client activity
World - Financial Times - October 28
Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality

British Prime Minister Keir Starmer says fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment
World - ABC News - October 28
FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results
World - Financial Times - October 30
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 - October 30
Scotland to receive extra £3.4bn from UK Budget, says chancellor

Rachel Reeves has announced several measures that will directly affect Scotland.
Top stories - BBC News - October 30
The UK Budget in five charts: Reeves limits BoE space for rate cuts

Central bank is nevertheless still likely to ease policy this year and next
Business - Financial Times - October 30
Budget boost to UK economy forecast to fade after two years

The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.
Top stories - BBC News - October 30
UK hits wealthy with raids on non-doms, private equity and estates

Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreigners
Business - Financial Times - October 30
Budget poses new challenge for UK public finances, Moody’s warns

Assessment from rating agency comes as gilts steady after sell-off sparked by scale of extra borrowing
Business - Financial Times - November 1
Charities, universities and GPs warn NI tax rise will hit jobs and services

Funding boost will be wiped out by cost of meeting higher employer levy, say contracted service providers and education bodies
Business - Financial Times - November 1
Rachel Reeves defiant after historic tax and spend Budget

Verdict of markets will be critical for UK chancellor’s plans to increase government borrowing
Business - Financial Times - November 1
Watch live: how will the UK secure growth after the Budget?

FT journalists answer subscribers’ questions from 13:00-14:00 GMT on the impact of Labour’s tax and spending plans
Business - Financial Times - November 1
Investors warn of lasting ‘risk premium’ in gilts following UK Budget

Traders play down parallels with 2022 market crisis but say rise in borrowing costs will linger
Business - Financial Times - November 1
Financial market worries over the UK budget appear to ease

Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other ...
World - ABC News - November 1
UK's ultra-rich feel the pinch from Labour's tax-raising budget

Britain's wealthy are feeling the pinch following a slew of targeted tax hikes in the Labour government's budget, with many saying they are making good on plans to leave.
Business - CNBC - November 5
UK landed estates warn Budget tax changes will ‘kill off’ business

Owners of historic houses hit out at changes to inheritance tax and national insurance
Business - Financial Times - November 9
Budget fallout will hit UK plc’s squeezed middle hardest

Smallest private sector employers will be protected from NI increase while big business can pass cost on to consumer
World - Financial Times - November 11
UK Pizza Hut to raise funds after Budget tax hikes

The money could come from a sale of part of the business, or new investment from existing shareholders.
Top stories - BBC News - November 16
UK retailers warn Reeves of £7bn hit from Budget changes

Changes to national insurance, national living wage and an existing packaging levy set to raise costs in the sector
Business - Financial Times - 5 days ago
UK’s largest retailers warn Reeves her Budget makes job cuts ‘inevitable’

Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.
Top stories - BBC News - 5 days ago
UK consumer confidence recovers from pre-Budget dip

GfK index rose three points in November as lower interest rates and higher wages help ease financial concerns
Business - Financial Times - 2 days ago

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