#fiscal-policy

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#uk-economy

Bond market sell-off drives up government borrowing costs; China's currency hits 16-month low on tariff fears business live

Rising bond yields indicate waning investor confidence in central banks' rate-cutting abilities, causing market turbulence.

Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves

UK government may miss its Budget borrowing targets due to rising interest rates, impacting fiscal rules.
Rising long-term borrowing rates challenge the UK's economic stability and fiscal management.

UK bond market in turmoil as budget changes calculus of interest rates

UK borrowing costs are rising following Chancellor Rachel Reeves's proposal for increased government borrowing of £32bn, impacting bond market yields significantly.

UK business confidence hits twelve-month low as Autumn Budget looms

Business confidence in the UK declines as concerns about the Autumn Budget grow, particularly among small and medium-sized enterprises.

Keir Starmer to face PMQs as reports claim Treasury must fill 40bn funding gap' in budget UK politics live

Inflation fall marks a positive shift, but the government faces difficult budgetary decisions and a significant funding gap.

Bank of England cuts rates by a quarter to 4.75% - London Business News | Londonlovesbusiness.com

The BoE cut rates to 4.75% amidst skepticism about further cuts due to fiscal spending and inflation concerns.

Bond market sell-off drives up government borrowing costs; China's currency hits 16-month low on tariff fears business live

Rising bond yields indicate waning investor confidence in central banks' rate-cutting abilities, causing market turbulence.

Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves

UK government may miss its Budget borrowing targets due to rising interest rates, impacting fiscal rules.
Rising long-term borrowing rates challenge the UK's economic stability and fiscal management.

UK bond market in turmoil as budget changes calculus of interest rates

UK borrowing costs are rising following Chancellor Rachel Reeves's proposal for increased government borrowing of £32bn, impacting bond market yields significantly.

UK business confidence hits twelve-month low as Autumn Budget looms

Business confidence in the UK declines as concerns about the Autumn Budget grow, particularly among small and medium-sized enterprises.

Keir Starmer to face PMQs as reports claim Treasury must fill 40bn funding gap' in budget UK politics live

Inflation fall marks a positive shift, but the government faces difficult budgetary decisions and a significant funding gap.

Bank of England cuts rates by a quarter to 4.75% - London Business News | Londonlovesbusiness.com

The BoE cut rates to 4.75% amidst skepticism about further cuts due to fiscal spending and inflation concerns.
moreuk-economy
#california-budget

Despite revenue increase, Newsom plans to pull from California's rainy day reserves

California's Governor proposed a $322.2 billion budget, highlighting a modest surplus but relying on rainy day funds for expenditures.

How Did California Manage to Pay for Everything in 2024?

California faced a $56 billion budget shortfall in 2024 due to inaccurate revenue projections from incomplete data in 2023.

Despite revenue increase, Newsom plans to pull from California's rainy day reserves

California's Governor proposed a $322.2 billion budget, highlighting a modest surplus but relying on rainy day funds for expenditures.

How Did California Manage to Pay for Everything in 2024?

California faced a $56 billion budget shortfall in 2024 due to inaccurate revenue projections from incomplete data in 2023.
morecalifornia-budget

Indonesia kicks off first free meal programme for children, pregnant women

Prabowo's free meal program targets child nutrition and economic growth in Indonesia, facing criticism for its high projected costs.
#democratic-party

Scoop: Jeffries' plan to kill the debt ceiling forever

Democrats may leverage the debt ceiling negotiations for concessions while opposing Trump's call to abolish it.

Opinion | What Will Trump Do With All That Power?

The discussion revolves around hopes and challenges for Trump II's presidency, especially concerning fiscal policy and Democratic strategies.

Scoop: Jeffries' plan to kill the debt ceiling forever

Democrats may leverage the debt ceiling negotiations for concessions while opposing Trump's call to abolish it.

Opinion | What Will Trump Do With All That Power?

The discussion revolves around hopes and challenges for Trump II's presidency, especially concerning fiscal policy and Democratic strategies.
moredemocratic-party
#government-spending

Under Biden, National Debt Grew by $5 Trillion - Still Less Than Recent Presidents

America's national debt has surpassed $35 trillion, with recent increases from Biden, Obama, and Trump prompting calls for accountability in fiscal management.

The US National Debt and the President Who Grew It by 722%

Mismanagement of the budget and spending leads to increasing national debt, impacting essential services and government flexibility during crises.

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

Trump seeks to solidify conservative economic leadership by nominating key figures focused on reducing the national debt and dismantling government excess.

The US National Debt Is Surging - but Where Exactly Is That Money Going?

The U.S. national debt exceeds $35 trillion, presenting major fiscal challenges influenced by aging demographics and rising healthcare costs.

This Foreign Country Holds Even More US Debt Than China

The U.S. national debt is at $36 trillion, with interest payments consuming funds that could support education, healthcare, and infrastructure.

The Evening: Signs of Trouble for Trump's Spending Cuts

Musk and Ramaswamy's influence reveals significant challenges in achieving government spending reform amidst rising national debt.

Under Biden, National Debt Grew by $5 Trillion - Still Less Than Recent Presidents

America's national debt has surpassed $35 trillion, with recent increases from Biden, Obama, and Trump prompting calls for accountability in fiscal management.

The US National Debt and the President Who Grew It by 722%

Mismanagement of the budget and spending leads to increasing national debt, impacting essential services and government flexibility during crises.

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

Trump seeks to solidify conservative economic leadership by nominating key figures focused on reducing the national debt and dismantling government excess.

The US National Debt Is Surging - but Where Exactly Is That Money Going?

The U.S. national debt exceeds $35 trillion, presenting major fiscal challenges influenced by aging demographics and rising healthcare costs.

This Foreign Country Holds Even More US Debt Than China

The U.S. national debt is at $36 trillion, with interest payments consuming funds that could support education, healthcare, and infrastructure.

The Evening: Signs of Trouble for Trump's Spending Cuts

Musk and Ramaswamy's influence reveals significant challenges in achieving government spending reform amidst rising national debt.
moregovernment-spending
#legislation

Millions could soon get full social security benefits. Will the Senate pass this bill?

The House passed a bipartisan bill to restore full Social Security benefits by repealing provisions that limit payments.

Chip Roy Warns Speaker Johnson Over Keeping His Job: Don't Believe He Has The Votes'

Rep. Chip Roy doubts Speaker Mike Johnson has enough support for reelection due to past failures and concerns from colleagues.

Millions could soon get full social security benefits. Will the Senate pass this bill?

The House passed a bipartisan bill to restore full Social Security benefits by repealing provisions that limit payments.

Chip Roy Warns Speaker Johnson Over Keeping His Job: Don't Believe He Has The Votes'

Rep. Chip Roy doubts Speaker Mike Johnson has enough support for reelection due to past failures and concerns from colleagues.
morelegislation
#debt-ceiling

Treasury Secretary Janet Yellen says U.S. could hit debt limit in weeks

The U.S. Treasury is set to implement extraordinary measures soon to avoid hitting the debt ceiling.

Trump Calls to Get Rid of Debt Ceiling Entirely, Backing Proposal from Democrats That Sparked GOP Revolt

Trump aims to abolish the federal debt ceiling, arguing it lacks real value for managing debt.

What to know about the debt ceiling debate as a government shutdown looms in Washington

The debate over the debt ceiling is critical in the context of a potential government shutdown, highlighting complex fiscal challenges and political dynamics.

Beware the 'fiscal cliff', Don's much-improved 'second honeymoon' and other commentary

Republicans face fiscal challenges with debt ceiling and expiring tax cuts, pressing them to effectively target spending.

Treasury Secretary Janet Yellen says U.S. could hit debt limit in weeks

The U.S. Treasury is set to implement extraordinary measures soon to avoid hitting the debt ceiling.

Trump Calls to Get Rid of Debt Ceiling Entirely, Backing Proposal from Democrats That Sparked GOP Revolt

Trump aims to abolish the federal debt ceiling, arguing it lacks real value for managing debt.

What to know about the debt ceiling debate as a government shutdown looms in Washington

The debate over the debt ceiling is critical in the context of a potential government shutdown, highlighting complex fiscal challenges and political dynamics.

Beware the 'fiscal cliff', Don's much-improved 'second honeymoon' and other commentary

Republicans face fiscal challenges with debt ceiling and expiring tax cuts, pressing them to effectively target spending.
moredebt-ceiling
#government-oversight

Treasury may have broken law by failing to reveal 9.5bn spend in Tory budget, MPs told

Treasury officials may have violated legal obligations by not informing lawmakers about unreported spending, impacting fiscal forecasts.
Transition to 'trust but verify' could prevent future oversight failures in fiscal management.

Gov. Hochul is the face of the MTA's congestion-toll madness: Don't let her fool you

Gov. Hochul halted the MTA's surge-pricing toll increase but the base toll of $9 remains contentious amid fiscal scrutiny and efficiency challenges.

Treasury may have broken law by failing to reveal 9.5bn spend in Tory budget, MPs told

Treasury officials may have violated legal obligations by not informing lawmakers about unreported spending, impacting fiscal forecasts.
Transition to 'trust but verify' could prevent future oversight failures in fiscal management.

Gov. Hochul is the face of the MTA's congestion-toll madness: Don't let her fool you

Gov. Hochul halted the MTA's surge-pricing toll increase but the base toll of $9 remains contentious amid fiscal scrutiny and efficiency challenges.
moregovernment-oversight

Rachida Dati stays in post as French culture minister in new government

François Bayrou's cabinet is negotiating a challenging budget for 2025 amidst significant public finance cuts required to stabilize national debt.
#us-economy

What investors expect to see in 2025 under Trump

U.S. investors anticipate significant economic changes in 2025, impacting stocks, bonds, and currencies as President-elect Trump implements new policies.

DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt

The U.S. must prioritize addressing its unsustainable debt through sensible budget conversations under the new administration.

Bitcoin feeling the love as the tailwinds build - London Business News | Londonlovesbusiness.com

The trend of using crypto and gold as hedges against debasement is gaining momentum due to global fiscal irresponsibility.

What investors expect to see in 2025 under Trump

U.S. investors anticipate significant economic changes in 2025, impacting stocks, bonds, and currencies as President-elect Trump implements new policies.

DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt

The U.S. must prioritize addressing its unsustainable debt through sensible budget conversations under the new administration.

Bitcoin feeling the love as the tailwinds build - London Business News | Londonlovesbusiness.com

The trend of using crypto and gold as hedges against debasement is gaining momentum due to global fiscal irresponsibility.
moreus-economy
#economic-policy

Federal Reserve is likely to cut interest rates next week. Here's what that means for you

The Federal Reserve is likely to lower interest rates by a quarter point, marking its third consecutive rate cut.

The Surprising Reason You Might End Up With Less Social Security

Social Security benefits can be taxed, affecting many seniors.
Tax thresholds for Social Security have not changed in decades.
Proposals to eliminate taxes on Social Security face feasibility issues.

Federal Reserve is likely to cut interest rates next week. Here's what that means for you

The Federal Reserve is likely to lower interest rates by a quarter point, marking its third consecutive rate cut.

The Surprising Reason You Might End Up With Less Social Security

Social Security benefits can be taxed, affecting many seniors.
Tax thresholds for Social Security have not changed in decades.
Proposals to eliminate taxes on Social Security face feasibility issues.
moreeconomic-policy
#republican-party

Ex-Michigan GOP Head Shreds Trump in Op-Ed Endorsing Kamala Harris: He's Done Grave Damage' to the Party

Gary Reed endorses Kamala Harris, criticizing Donald Trump for abandoning GOP values, particularly in fiscal discipline and foreign policy.

Meet the 38 Republicans who defied Trump on the spending and debt deal.

Hard-right Republicans resist Trump's spending demands, feeling secure in their positions despite potential political fallout.

Mike Johnson's Speakership Has Crashed and Burned

Mike Johnson's leadership is under scrutiny as his ability to manage fiscal issues and maintain party unity is questioned amidst Trump's skepticism.

Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?

Republicans aim to extend 2017 tax cuts to avoid significant tax increases and protect previous legislative achievements.

Ex-Michigan GOP Head Shreds Trump in Op-Ed Endorsing Kamala Harris: He's Done Grave Damage' to the Party

Gary Reed endorses Kamala Harris, criticizing Donald Trump for abandoning GOP values, particularly in fiscal discipline and foreign policy.

Meet the 38 Republicans who defied Trump on the spending and debt deal.

Hard-right Republicans resist Trump's spending demands, feeling secure in their positions despite potential political fallout.

Mike Johnson's Speakership Has Crashed and Burned

Mike Johnson's leadership is under scrutiny as his ability to manage fiscal issues and maintain party unity is questioned amidst Trump's skepticism.

Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?

Republicans aim to extend 2017 tax cuts to avoid significant tax increases and protect previous legislative achievements.
morerepublican-party
#corporation-tax

First 3bn of Apple Tax money has hit Irish State coffers

Corporation tax, particularly from Apple, could surpass income tax as the largest revenue source for the State in 2023.

HMRC rings in the holidays with record tax take nearing 850 billion - London Business News | Londonlovesbusiness.com

The UK Treasury is celebrating record tax receipts due to significant increases in income and corporation taxes for the year 2024.

First 3bn of Apple Tax money has hit Irish State coffers

Corporation tax, particularly from Apple, could surpass income tax as the largest revenue source for the State in 2023.

HMRC rings in the holidays with record tax take nearing 850 billion - London Business News | Londonlovesbusiness.com

The UK Treasury is celebrating record tax receipts due to significant increases in income and corporation taxes for the year 2024.
morecorporation-tax
#congress

Trump Tossed a Debt Limit Grenade Into Spending Talks. Here's Why.

Trump is pushing Congress to lift or abolish the debt limit before taking office to facilitate his spending agenda.

What's Your Message to Elon Musk?' Steve Doocy Confronts Speaker Mike Johnson With Musk's Saying Spending Bill Shall Not Pass'

Speaker Mike Johnson defends emergency spending bill despite criticism from fiscally conservative members within Congress.

Trump Tossed a Debt Limit Grenade Into Spending Talks. Here's Why.

Trump is pushing Congress to lift or abolish the debt limit before taking office to facilitate his spending agenda.

What's Your Message to Elon Musk?' Steve Doocy Confronts Speaker Mike Johnson With Musk's Saying Spending Bill Shall Not Pass'

Speaker Mike Johnson defends emergency spending bill despite criticism from fiscally conservative members within Congress.
morecongress
#inflation

The world's $100 trillion fiscal timebomb keeps ticking

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

Inflation Concerns Loom as Trumponomics Revs Up

Inflation risks have resurfaced, elevated by trade tensions and fiscal policies, prompting market anxiety about future monetary policy adjustments.

Dollar surges on Trump re-election and red sweep - London Business News | Londonlovesbusiness.com

The dollar's rise is influenced by U.S. election outcomes and potential Republican control of government.

Gold holds steady - London Business News | Londonlovesbusiness.com

Gold remains stable as the market anticipates the Fed's meeting and potential fiscal inflationary effects on gold's future as an investment.

The world's $100 trillion fiscal timebomb keeps ticking

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

Inflation Concerns Loom as Trumponomics Revs Up

Inflation risks have resurfaced, elevated by trade tensions and fiscal policies, prompting market anxiety about future monetary policy adjustments.

Dollar surges on Trump re-election and red sweep - London Business News | Londonlovesbusiness.com

The dollar's rise is influenced by U.S. election outcomes and potential Republican control of government.

Gold holds steady - London Business News | Londonlovesbusiness.com

Gold remains stable as the market anticipates the Fed's meeting and potential fiscal inflationary effects on gold's future as an investment.
moreinflation
#monetary-policy

Can China climb out of economic stagnation in 2025? DW 12/13/2024

China is adopting proactive fiscal and monetary policies to address economic slowdowns and boost growth.

China Eases Overall Monetary Policy Stance for First Time in 14 Years

China's Politburo has shifted to a looser monetary policy to stimulate economic growth and counter price decline for the first time in 14 years.

Can China climb out of economic stagnation in 2025? DW 12/13/2024

China is adopting proactive fiscal and monetary policies to address economic slowdowns and boost growth.

China Eases Overall Monetary Policy Stance for First Time in 14 Years

China's Politburo has shifted to a looser monetary policy to stimulate economic growth and counter price decline for the first time in 14 years.
moremonetary-policy
#public-finance

Rachel Reeves expected to extend stealth' freeze on income tax thresholds

Labour may extend the income tax threshold freeze beyond 2028 to address a £40bn public finance shortfall.

UK borrowing for September third highest on record

UK government borrowing in September reached £16.6bn, indicating financial struggles with higher spending relative to tax revenues.

Caroline O'Doherty: Costs of climate failure fines would put solar panels on every home and farm in Ireland

The Irish government may face fines up to €20 billion for not meeting climate targets.

Rachel Reeves expected to extend stealth' freeze on income tax thresholds

Labour may extend the income tax threshold freeze beyond 2028 to address a £40bn public finance shortfall.

UK borrowing for September third highest on record

UK government borrowing in September reached £16.6bn, indicating financial struggles with higher spending relative to tax revenues.

Caroline O'Doherty: Costs of climate failure fines would put solar panels on every home and farm in Ireland

The Irish government may face fines up to €20 billion for not meeting climate targets.
morepublic-finance

After a dramatic Nov. 5 election, who will serve on the Oakland City Council in 2025?

Oakland's upcoming leadership is set to navigate significant fiscal challenges following a major election reshaping the city's governance.

EU's big economies must reform as Donald Trump's tariffs loom | Kenneth Rogoff

Europe's economic stagnation stems from excessive debt and insufficient reforms, not merely from a lack of stimulus measures.
#economy

The Guardian view on tax and spend politics: dodging debate by fiddling with fiscal rules | Editorial

Rachel Reeves faces intense backlash over her upcoming budget, struggling to articulate her fiscal policies amid pressures for tax increases or cuts.

Rail, water, energy: the big projects likely to be in Rachel Reeves' budget

Rachel Reeves is prioritizing new infrastructure and fiscal reforms over previously shelved projects to boost the UK economy and support sustainability.

Trump's Treasury pick could butt heads with Trump on tariffs and immigration

Bessent's pro-market strategies will significantly influence the U.S. economy and fiscal policies in the coming years.

Trump could push the US debt to levels that cannot be ignored by the end of 2025, BlackRock's bond chief says

The US debt is nearing a tipping point potentially in 2025-2026, raising concerns about investor confidence.

Trump Says Growth' and Tariffs Will Pay for $15 Trillion Agenda

Trump's new tax cuts raise concerns over their impact on national debt while he insists on economic growth as a solution.

What to look for in Rachel Reeves' tax-raising U.K. budget

Rachel Reeves aims to balance ending austerity, boosting growth, and ensuring fiscal stability in her historic budget as the first female Chancellor.

The Guardian view on tax and spend politics: dodging debate by fiddling with fiscal rules | Editorial

Rachel Reeves faces intense backlash over her upcoming budget, struggling to articulate her fiscal policies amid pressures for tax increases or cuts.

Rail, water, energy: the big projects likely to be in Rachel Reeves' budget

Rachel Reeves is prioritizing new infrastructure and fiscal reforms over previously shelved projects to boost the UK economy and support sustainability.

Trump's Treasury pick could butt heads with Trump on tariffs and immigration

Bessent's pro-market strategies will significantly influence the U.S. economy and fiscal policies in the coming years.

Trump could push the US debt to levels that cannot be ignored by the end of 2025, BlackRock's bond chief says

The US debt is nearing a tipping point potentially in 2025-2026, raising concerns about investor confidence.

Trump Says Growth' and Tariffs Will Pay for $15 Trillion Agenda

Trump's new tax cuts raise concerns over their impact on national debt while he insists on economic growth as a solution.

What to look for in Rachel Reeves' tax-raising U.K. budget

Rachel Reeves aims to balance ending austerity, boosting growth, and ensuring fiscal stability in her historic budget as the first female Chancellor.
moreeconomy
#bond-market

US Treasury pick Bessent 'is a fiscal hawk': Wall Street reacts

Scott Bessent's nomination as US Treasury Secretary signals potential changes in fiscal policy affecting the bond market and broader economy.

Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

Government borrowing costs have increased ahead of the Labour budget, prompting investor concerns about potential excessive borrowing.

US Treasury pick Bessent 'is a fiscal hawk': Wall Street reacts

Scott Bessent's nomination as US Treasury Secretary signals potential changes in fiscal policy affecting the bond market and broader economy.

Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

Government borrowing costs have increased ahead of the Labour budget, prompting investor concerns about potential excessive borrowing.
morebond-market

Trump's voter base relies on spending Musk's DOGE might cut

The new administration must address fiscal challenges linked to federal transfer payments that heavily support Trump-voting counties.

DEVELOPING | Mayor Adams restores last of NYPD academy classes he cut last year with budget update | amNewYork

Mayor Eric Adams reinstated suspended NYPD academy classes, bolstering the police force to address budgetary challenges amid the migrant crisis.

Sadiq Khan dials down call for national free school meals due to '22bn black hole'

The London mayor calls for a national conversation about universal free school meals amidst fiscal challenges.
#trump-administration

Who will Trump choose for Treasury secretary?

Trump's search for a Treasury Secretary has become complex with candidates dropping out and new ones emerging amid internal party resistance.

Trump Agenda Faces a Fiscal Reckoning

Trump's proposed tax cuts face challenges due to potential costs and existing expirations.
Republicans debate fiscal responsibility while considering new tax reductions amidst a looming $4 trillion cost.

Elon Musk is hiring for his DOGE taskforce-but you'll need to work 80+ hours per week on unglamorous cost-cutting

Elon Musk's DOGE taskforce aims to significantly reduce the size of the federal government through aggressive cost-cutting measures.

Who will Trump choose for Treasury secretary?

Trump's search for a Treasury Secretary has become complex with candidates dropping out and new ones emerging amid internal party resistance.

Trump Agenda Faces a Fiscal Reckoning

Trump's proposed tax cuts face challenges due to potential costs and existing expirations.
Republicans debate fiscal responsibility while considering new tax reductions amidst a looming $4 trillion cost.

Elon Musk is hiring for his DOGE taskforce-but you'll need to work 80+ hours per week on unglamorous cost-cutting

Elon Musk's DOGE taskforce aims to significantly reduce the size of the federal government through aggressive cost-cutting measures.
moretrump-administration

Town and Country charged no property tax for decades. Times have changed.

Town and Country is implementing a municipal property tax for the first time since 1997 to address a budget shortfall.

China unveils 10tn yuan support for debt-stricken local government

China's debt support package aims to tackle local government debt but falls short of comprehensive solutions.
#political-strategy

Friday Briefing

Trump's proposed tax cuts face a fiscal reckoning as parts of his previous tax cut will expire in 2025.

Costly communications: How Labour's comms strategy backfired - London Business News | Londonlovesbusiness.com

The Labour government faces internal and external communication challenges, complicating its budget strategy and political standing.

Friday Briefing

Trump's proposed tax cuts face a fiscal reckoning as parts of his previous tax cut will expire in 2025.

Costly communications: How Labour's comms strategy backfired - London Business News | Londonlovesbusiness.com

The Labour government faces internal and external communication challenges, complicating its budget strategy and political standing.
morepolitical-strategy
#uk-government

Reeves's radical change to fiscal rules could go further New Zealand shows how

UK government debt rules are being changed to increase investment in infrastructure projects.

Is the Chancelllor offering non-doms first class plane tickets to get out of the UK? - London Business News | Londonlovesbusiness.com

Rachel Reeves may inadvertently worsen fiscal challenges by facilitating non-doms' exit from the UK with new transitional rules.

UK government borrowing surges to 16.6bn in September, exceeding forecasts

Government borrowing in the UK surged to £16.6 billion in September, heightening fiscal pressures ahead of Chancellor Rachel Reeves' first Budget.

Reeves's radical change to fiscal rules could go further New Zealand shows how

UK government debt rules are being changed to increase investment in infrastructure projects.

Is the Chancelllor offering non-doms first class plane tickets to get out of the UK? - London Business News | Londonlovesbusiness.com

Rachel Reeves may inadvertently worsen fiscal challenges by facilitating non-doms' exit from the UK with new transitional rules.

UK government borrowing surges to 16.6bn in September, exceeding forecasts

Government borrowing in the UK surged to £16.6 billion in September, heightening fiscal pressures ahead of Chancellor Rachel Reeves' first Budget.
moreuk-government

The US National Debt and the President Who Grew It by 722%

Mismanagement of taxpayer funds by federal agencies contributes significantly to the national debt, emphasizing the need for better budget tracking.

OBR error cut 18bn of headroom from the Budget

The Independent prioritizes accessible, factual journalism in critical U.S. issues, emphasizing the need for balanced reporting.
#labour-party

Fact check: Would a employer national insurance hike be a tax on working people'?

Labour may raise employer NICs despite a manifesto pledge not to raise taxes on working people, amidst a £22 billion fiscal challenge.

Rachel Reeves may have to find more money to fix public services, says IFS

Rachel Reeves may struggle to secure ongoing funding for public services following her initial budget proposals, which are deemed insufficient by the IFS.

Can Rachel Reeves use her defining Budget to escape UK's 'doom loop'?

The upcoming Labour Budget will be pivotal in defining the government's priorities and approach to public services amidst financial constraints.

Keir Starmer vows to embrace harsh light of fiscal reality' ahead of budget

Keir Starmer emphasizes confronting fiscal reality with forthcoming tax rises and spending cuts for long-term economic stability.

Britain Braces for Painful' Budget Meant to Recharge the Economy

The upcoming Labour budget may present painful decisions for Britons, emphasizing tough fiscal constraints while trying to meet campaign promises.

We are going to keep our manifesto pledges' says Starmer amid tax rise reports

Prime Minister Sir Keir Starmer reaffirmed commitment to manifesto pledges despite potential tax increases in upcoming budget.

Fact check: Would a employer national insurance hike be a tax on working people'?

Labour may raise employer NICs despite a manifesto pledge not to raise taxes on working people, amidst a £22 billion fiscal challenge.

Rachel Reeves may have to find more money to fix public services, says IFS

Rachel Reeves may struggle to secure ongoing funding for public services following her initial budget proposals, which are deemed insufficient by the IFS.

Can Rachel Reeves use her defining Budget to escape UK's 'doom loop'?

The upcoming Labour Budget will be pivotal in defining the government's priorities and approach to public services amidst financial constraints.

Keir Starmer vows to embrace harsh light of fiscal reality' ahead of budget

Keir Starmer emphasizes confronting fiscal reality with forthcoming tax rises and spending cuts for long-term economic stability.

Britain Braces for Painful' Budget Meant to Recharge the Economy

The upcoming Labour budget may present painful decisions for Britons, emphasizing tough fiscal constraints while trying to meet campaign promises.

We are going to keep our manifesto pledges' says Starmer amid tax rise reports

Prime Minister Sir Keir Starmer reaffirmed commitment to manifesto pledges despite potential tax increases in upcoming budget.
morelabour-party
#labour-budget

Leaderless Tories can't comment on biggest Budget for three decades

The Conservative Party's leadership race hinders its ability to critique Labour's first Budget effectively, impacting political discourse.

Budget 2024: Reeves under fire for national insurance plans as tax rises to come

Labour's first Budget in 15 years faces scrutiny, with potential tax rises and spending cuts necessary to address a £22 billion deficit.

Leaderless Tories can't comment on biggest Budget for three decades

The Conservative Party's leadership race hinders its ability to critique Labour's first Budget effectively, impacting political discourse.

Budget 2024: Reeves under fire for national insurance plans as tax rises to come

Labour's first Budget in 15 years faces scrutiny, with potential tax rises and spending cuts necessary to address a £22 billion deficit.
morelabour-budget
#budget-2023

Inheritance tax increases expected in Budget

The government plans to increase inheritance tax to address a £40 billion fiscal shortfall.

Budget unveils big tax, borrowing and spending plans

The Budget features a historic tax increase of £40 billion, with implications for income tax thresholds frozen until 2028.

Inheritance tax increases expected in Budget

The government plans to increase inheritance tax to address a £40 billion fiscal shortfall.

Budget unveils big tax, borrowing and spending plans

The Budget features a historic tax increase of £40 billion, with implications for income tax thresholds frozen until 2028.
morebudget-2023

France's Financial Morass Produces a Harsh Critique From Moody's

France faces a negative outlook on its debt rating due to rising deficits and political gridlock in implementing austerity measures.
#economic-impact

How Trump could make Social Security's fiscal outlook gloomier

Trump's policies would hasten the Social Security trust fund depletion by three years, worsening financial outlook significantly.

NatWest urges Reeves to get balance right' when changing debt rules

Rachel Reeves must carefully consider the market's response to changes in Britain's debt rules to avoid adverse effects on borrowing and mortgage rates.

How Trump could make Social Security's fiscal outlook gloomier

Trump's policies would hasten the Social Security trust fund depletion by three years, worsening financial outlook significantly.

NatWest urges Reeves to get balance right' when changing debt rules

Rachel Reeves must carefully consider the market's response to changes in Britain's debt rules to avoid adverse effects on borrowing and mortgage rates.
moreeconomic-impact

Gold rises to all time highs - London Business News | Londonlovesbusiness.com

Gold reached an all-time high due to strong demand and confidence in its value preservation during economic uncertainties.

October budget 2024 predictions: what Rachel Reeves could announce

Tax hikes are necessary for restoring fiscal stability, according to Chancellor Reeves.

The Chancellor 'will raise 900 million' by 'doubling remote gambiling duty to 42%' - London Business News | Londonlovesbusiness.com

The report advocates for doubling the Remote Gaming Duty from 21% to 42% to generate significant revenue and address gambling-related harm.
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