uk-economy
FinanceBritain’s Starmer Says Tax Rises Are Needed to Avoid Austerity
BusinessUK Shoppers Cut Back on Spending Ahead of Budget, Cbi Says
Top StoriesUK to Cap Bus Fares in England at Three Pounds in 2025, Say PM Starmer
InvestingLondon Stocks Down as Energy Shares Slide; UK Budget in Focus
London Stocks Rise Amid Broader Gains, Commodity Shares Limit Climb
Date: October 28, 2024
By Shubham Batra and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 rose on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies restricted overall gains. The blue-chip FTSE 100 gained 0.43% by 1601 GMT, while the midcap FTSE 250 was...
Britain’s Starmer Says Tax Rises Are Needed to Avoid Austerity
Date: October 28, 2024
By Alistair Smout LONDON (Reuters) -British Prime Minister Keir Starmer said taxes needed to rise to rebuild public services and fix the foundations of the economy, and he challenged his critics to spell out how they would tackle the country’s “unprecedented” problems. On Wednesday, finance minister Rachel Reeves will set out her first tax and...
UK Employers Show Further Signs of Pre-Budget Nerves
Date: October 28, 2024
LONDON (Reuters) – British business confidence sank to a four-month low in October ahead of the first budget plan from the country’s new government, a survey showed on Monday, echoing other signs of corporate nervousness about possible tax increases. Lloyds Bank’s business barometer – representing the difference between the percentage of firms with positive and...
Sterling on Track for Biggest Monthly Fall Since September 2023 vs Dollar
Date: October 28, 2024
By Stefano Rebaudo (Reuters) – The pound was on track for its biggest monthly fall since September 2023 against the dollar while being roughly unchanged versus the euro with markets focused on major central banks‘ monetary easing paths. Bank of England officials showed last week a more cautious approach to policy easing, with Governor Bailey...
London Stocks Climb, Energy Shares Keep Gains in Check
Date: October 28, 2024
By Shubham Batra (Reuters) – The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainline jumped following a guidance upgrade, but remained under some selling pressure from energy shares tracking lower oil prices. The blue-chip FTSE 100 was up 0.2% by 0900 GMT, while the midcap FTSE 250...
Britons With Shares Can Be Considered ‘working People’ Too, PM’s Office Clarifies
Date: October 25, 2024
LONDON (Reuters) – Britons who own shares or property can be considered “working people” too, Prime Minister Keir Starmer’s office clarified, after he suggested they wouldn’t fit his definition of the phrase ahead of a budget next week. As the government warns it will need to take difficult decisions at the Oct. 30 budget to...