6 h. ago More than half of firms freezing investment as Budget fears take toll – report

The Barclays survey found that 45% of small company bosses believe policy uncertainty is negatively impacting their firms.

Economics

3 d. ago UK borrowing costs jump as investors lose faith in Rachel Reeves’ Budget

Gilts sell off after government ditches plan to increase income tax rates

Economics

3 d. ago UK borrowing costs jump as investors lose faith in Reeves’ Budget

Gilts sell off after government ditches plan to increase income tax rates

Economics

3 d. ago Who could be behind the phantom briefing and the tax rise that wasn’t? Inspector Starmer is on the case | Marina Hyde

Chaos and ineptitude dog our poor PM. Perhaps the explanation lies (very) close to homeAt this rate the only businesses who will want to invest in Britain after the budget are heroin dealers. No 10 used to have a news grid, now it has an apology grid. Even so, why did Keir Starmer apologise for a sensationally self-destructive round of briefing against Wes Streeting if he didn’t do it? This is like me apologising for accidentally releasing sex offenders from prison. I suppose there is the occasional previous example in public life. Andrew Mountbatten-Windsor apologised for his association with Jeffrey Epstein and gave a woman he’d never met a reported £12m. Perhaps that provides the prime minister with the warming cover of precedent.If you’re just joining us, this is a week in which the government finally achieved the chaos spiral of several recent Conservative administrations. We can now officially say: same car, different clowns. We are less than two weeks out from the budget, wit...

Politics

3 d. ago Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bnThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Politics

3 d. ago Streeting says striking doctors ‘extremely irresponsible’ in angry phone

Health secretary unhappy as resident doctors in England have started a five-day strike todayThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Events

6 d. ago Could the FTSE 100 hit 10,000 by Christmas.. or will the Budget scupper its rally?

The FTSE 100 has hit a new record high, fuelling speculation that it will hit 10,000 by the end of the year or even sooner.

Events

8 d. ago Fury as Reeves set to increase dividend tax in ‘hammer blow’ for investors in nightmare Budget

RACHEL Reeves is set to increase dividend tax in a "hammer blow" to investors in the upcoming Budget. In a move that has sparked fury, the Chancellor will reportedly increase the tax rate on earnings from shares in her Autumn budget this month. Brits are bracing for a raft of tax hikes on November 26...

Economics

1 week ago US stock market values tumble amid reports of high layoffs and hiring freezes

The S&P 500 index fell 1% as the government shutdown left investors ‘groping around in the dark’ for up-to-date dataFears that the US economy is slowing, with firms shedding jobs and imposing hiring freezes, sent Wall Street tumbling on Thursday.The S&P 500 index of leading firms was down 1% as investors also highlighted concerns about the potential for a slump in the value of businesses that have benefited from huge investments in artificial intelligence. The tech-heavy Nasdaq Composite fell 1.5%. Continue reading...

Politics

2 w. ago Sadiq Khan calls on Reeves to bring ‘authentic’ Labour budget that boosts green investment

London mayor says government should stay true to its beliefs and face down those who claim net zero adds to cost of livingKeir Starmer’s government has shown a lack confidence that it has the answers to the country’s problems, the mayor of London has said, as he called on the chancellor to back green investment in this month’s budget.Speaking on the eve of a summit of world mayors in Rio de Janeiro, Sadiq Khan said the Treasury should be more supportive of the energy secretary, Ed Miliband, in his pursuit of the government’s target of an 81% reduction in greenhouse gas emissions by 2035. Continue reading...

Economics

2 w. ago REVEALED: This is how your 'posh', pricey Deliveroo takeaways could be cooked

Fast-food diners ordering deliveries from premium national restaurant brands are being sold meals prepared at budget takeaways, a Mail On Sunday investigation reveals.

Society

2 w. ago Rachel Reeves sent major cash ISA cut warning over £2.5bn Treasury losses

The chancellor may still be considering a cut to cash ISA savings limits, but there are fears it would not encourage people to start investing

Economics

3 w. ago Fund bosses warn Chancellor against personal tax raid as Budget fears rattle investors

Speculation over a fresh tax raid on investors and savers at the upcoming Budget in November is weighing on Briain's financial services sector.

Economics