Yahoo News PHOTO COLLECTION: US Election 2024 America Votes
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The TelegraphReeves drops pledge that she won’t come back for more tax from businesses
Rachel Reeves has appeared to drop her pledge to not “come back for more tax” from businesses after refusing four times to repeat the vow.
- The Telegraph
Taxpayers foot £50m bill for National Insurance raid on train companies
Taxpayers face a bill of more than £50 million a year to cover the cost of the National Insurance raid on train companies.
- Fortune
Russia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low
Russia’s sovereign wealth fund has been tapped repeatedly to prop up the ruble, leaving the Kremlin with less firepower to battle another currency collapse.
- The Telegraph
Rural voters are abandoning Labour over tractor tax
Rural voters are abandoning Labour amid discontent over the tractor tax, new polling shows.
- The Telegraph
‘Our family business wouldn’t have survived 120 years under Reeves’s tax raid’
London’s oldest smoked salmon curer would not have survived 120 years had Rachel Reeves’s “idiotic” inheritance tax rules been in place, its chief has said.
- Euronews
France's 2025 budget crisis: Barnier invokes Article 49.3 - what happens now?
French PM Michel Barnier has invoked Article 49.3 to pass budget measures without parliamentary approval, risking a no-confidence vote. Opposition, led by Marine Le Pen, demanded the indexation of pensions to inflation. Markets react with bond spreads widening and CAC 40 falling.View on euronews
- The Guardian
Scottish ministers mull tax rise for wealthy amid tricky budget decisions
Finance secretary must find way to bring either Greens or Lib Dems onboard while plugging possible £200m shortfall
- Hereford Times
Herefordshire MP speaks out over farmers' inheritance tax anger
AS the Hereford Times calls for the government to reconsider changes to inheritance tax on family farms, Herefordshire MP Ellie Chowns has spoken out about the policy.
- The Guardian
Eurozone manufacturers see ‘no sign of recovery’ as UK orders slow
France, Germany and Austria are especially hard hit, as British factory owners cut jobs and investment
- CNN
Putin approves record defense spending – a third of Russia’s budget
Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from both sides nearly three years on.
- Reuters
Morning bid: Trump changes tune on strong dollar
The dollar is making the early running on Monday, retaking some of last week's losses helped in part by rare words of support from U.S. President-elect Donald Trump. The dollar is also up around 0.5% on the yen and above 150.50 yen per dollar, overshadowing recently more hawkish musings from Bank of Japan Governor Kazuo Ueda who said the next interest rate hikes were "nearing in the sense that economic data are on track". Ueda's comments, combined with data showing Japanese business investment rising at a healthy 8.1% clip in the third quarter, encouraged markets to price in a 65% chance the BOJ will hike by a quarter point to 0.5% at its policy meeting on Dec. 18-19.
- Business Insider
Putin makes it official: Russia is all in on defense spending
A top Russian banker said last week that he expects Russia's economic growth to slow next year.
- The Telegraph
Why France’s spiralling deficit could bring down Macron’s government
France is facing the prospect of the collapse of its government amid a row over how to tackle the country’s large budget deficit.
- LoveMONEY
How much Brits pay for groceries compared to other countries
Feeling the pinch at the supermarket? You're not alone. Discover how much people in countries around the world are paying for essential groceries.
- Bloomberg
Milei Touts $50 Billion From Investors Eyeing 30-Year Loopholes in Argentina
(Bloomberg) -- Argentina would seem to have it all — abundant natural resources, legions of well-educated workers. But it struggles to attract investors because its politicians have a habit of changing the rules on a whim, favoring the state over private enterprise.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionPresident Javier Milei is on a crusade to resolve that persistent grievance by offerin
- The Telegraph
Housebuilders suffer £500m slump over Budget and cladding fears
Nearly half a billion pounds has been wiped off the value of Britain’s biggest housebuilders amid fears over a combined hit from Budget tax rises and a government cladding clampdown.
- Yahoo Finance
US economy poised for 'solid' growth in 2025 because America 'doesn't import recessions': BofA
The US economy is on solid footing. Bank of America expects it to stay that way through next year.
- The Telegraph
Record spending increases for Scottish NHS ‘spent on pay rises rather than reform’
SNP ministers have used record health funding to hand NHS workers large pay rises instead of reforming services to ensure their survival, a report has found.
- France 24
French PM makes last-minute concession to far right ahead of budget vote
France's Prime Minister Michael Barnier dropped planned cuts to medication reimbursements hours before he was set to present them to parliament in a bid to gain approval from the far-right for his budget and avoid sparking a vote of no confidence. French Prime Minister Michel Barnier on Monday made another major concession to Marine Le Pen's far-right National Rally party, dropping planned cuts to medication reimbursements in a last-minute bid to get his 2025 budget bill over the line.Barnier an
- The Telegraph
MoD to ‘wargame’ how military will maintain weapon supplies during war
The Ministry of Defence (MoD) is to war game how the military will maintain weapon supplies during a conflict.