“ Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Sir Keir Starmer repeatedly warned of difficult decisions leading up to Wednesday’s Budget. His chancellor certainly followed through. Rachel Reeves unveiled the UK’s largest tax-raising package since the early 1990s, imposing a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK borrowing costs rose on Wednesday, reversing an initially positive reaction to the Labour government’s Budget, as investors were surprised by the level of additional borrowing needed to fund Rachel Reeves’ plans. The 10-year gilt … Read more
The UK chancellor Rachel Reeves has unveiled a £40bn tax hike, the largest in a generation, with businesses taking the brunt of a Budget aimed at fixing Britain’s “broken” public finances and services. Extra borrowing averaging £28bn per year over the parliament has unsettled investors, pushing government borrowing costs to a five-month high. The decision … Read more
The Speaker of the Commons criticized Rachel Reeves for failing to inform MPs of a crucial announcement prior to the budget. Sir Lindsay Hoyle deemed it “completely unacceptable” that the chancellor revealed her plan to alter the government’s fiscal rules to the media before parliament – as stipulated in the ministerial code. Last week, Ms … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Chancellor, Rachel Reeves, is planning to ease concerns within the business sector regarding the significant tax increases set to be announced in the upcoming Budget. Reeves and her allies are emphasizing that these … Read more