One hundred and eighteen days into the Labour government, and we finally get to witness the true meaning of the slogan on the front of the manifesto – Change. It might come as a surprise, given the hefty and historic tax and spending plans outlined by Chancellor Rachel Reeves in the first Labour budget, which … 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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran is planning a significant increase in its defense budget for the upcoming fiscal year, following recent tensions with Israel that have raised concerns about wider conflict in the Middle East. Government spokesperson Fatemeh Mohajerani … Read more
A Macy’s store is visible at Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Although inflation may have slowed down, retailers are still facing a holiday season filled with uncertainty. Various unpredictable factors will impact consumer spending as they prepare for the holidays and search for the … Read more