government-funding
Top StoriesUK Interior Minister Braverman Quits Over Security Issue, Criticises Government
Top StoriesUK Government’s Party Discipline Enforcers Still in Post – PM Truss’s Office
Top StoriesCzech Government Wants Windfall Tax From 2023, but Considers Earlier Start
Top StoriesBanks Brace for Tax Hit to Help Plug UK’s Budget Gap
Germany Adds 54 Billion Euros to Bonds to Use for Repo, Energy Spending
Date: October 19, 2022
(Refiles to fix table, with no changes to text) By Yoruk Bahceli (Reuters) -Germany’s finance agency said on Wednesday it had increased the size of the outstanding bonds on its own account to lend to investors in return for cash, helping cover financing needs arising from the energy crisis. The finance agency, which manages Germany’s...
Bond Vigilantes Mean Business, Governments Better Beware
Date: October 18, 2022
(This Oct. 17 story has been refiled to add a dropped word in paragraph 2.) By Marc Jones and Yoruk Bahceli LONDON (Reuters) – The sight of Britain’s new finance minister shredding up his leader’s economic policies on Monday illustrated something very clearly – bond market vigilantes are back, they are bold and governments had...
UK’s Truss: ‘Sorry’ for the Mistakes, but ‘I’m Sticking Around’
Date: October 18, 2022
LONDON (Reuters) -Britain’s Prime Minister Liz Truss apologised for “mistakes” in her programme that caused investor confidence to evaporate and her poll ratings to plunge before nearly all of it was finally shredded on Monday, but said she would not step down. “I do want to accept responsibility and say sorry for the mistakes that...
Analysis-Despite Tax U-Turn, UK’s Hunt Still Faces Tough Budget Choices
Date: October 17, 2022
By William Schomberg LONDON (Reuters) – The screeching about-turn on tax cuts by finance minister Jeremy Hunt on Monday will not spare Britain from painful spending cuts and new tax hikes to fix the country’s public finances. Hunt stripped Prime Minister Liz Truss’s economic plans of all but a few of her tax-cutting promises as...
New UK Finance Minister Hunt Ditches Most of ‘mini-Budget’, Pound and Gilts Soar
Date: October 17, 2022
LONDON (Reuters) -Britain’s new finance minister on Monday jettisoned most of Prime Minister Liz Truss’ raft of fiscal measures, saying it was “not right” to borrow money to fund tax cuts, sending long-dated gilt prices sharply higher. The pound soared by as much as 1.4% to a session high of $1.1332 and by 0.8% against...
UK Finance Minister Hunt to Make Statement at 1000 Gmt – Source
Date: October 17, 2022
LONDON (Reuters) – British finance minister Jeremy Hunt will make a statement at 1000 GMT, a source in Prime Minister Liz Truss’s office said on Monday. The Treasury earlier said Hunt would announce tax and spending measures. (Reporting by Kylie MacLellan, editing by Elizabeth Piper)...