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Gone quietEconomy

John Healey's first UK budget

Chancellor John Healey is poised to tax banks in his October 28 budget to offset the Iran war's hit to public finances, the Guardian understands; the IMF urged him in Bangkok to 'stay the course'.

Developments
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The latest development

ReutersWed 14 Oct · 10:45 UTC

UK stocks gain on consumer staples, defence; budget borrowing report lifts sentiment UK stocks rose on Wednesday,…

01The story so far
four developments over two days, a square each
02Developments

Developments

Thursday 15 October

2 developments
  1. 16:00 UTC· the latest

    Healey poised to raise taxes on banks in budget

    The Guardian understands the chancellor will target the sector on October 28 to help offset war damage to public finances.

    1 sourceThe Guardian · World
    • The Guardian · WorldRSSThu 15 Oct, 16:00

      John Healey poised to raise taxes on banks in budget Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public financesJohn Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted o
      The original post
  2. 11:29 UTC

    Healey promises 'breathing space' in first budget

    Speaking in Bangkok at the IMF meetings, Healey said he would stick to the fiscal rules while recognising living and business costs.

    BangkokTH

    1 sourceThe Guardian · World
    • The Guardian · WorldRSSThu 15 Oct, 11:29

      John Healey vows to give ‘breathing space’ to consumers and businesses in first budget Speaking at IMF annual meeting in Bangkok, chancellor says he will stick to fiscal rules while recognising business and living costsUK politics live – latest updatesBusiness live – latest upda
      The original post

Wednesday 14 October

2 developments
  1. 10:45 UTC

    Report: Healey to avoid more borrowing in budget

    A report that the finance minister will avoid additional borrowing lifted UK stocks.

    1 sourceReuters
    • ReutersBlueskyWed 14 Oct, 10:45

      UK stocks gain on consumer staples, defence; budget borrowing report lifts sentiment UK stocks rose on Wednesday, ​lifted by consumer staples and defence stocks, as investors weighed a ‌report that Finance Minister John Healey would avoid more borrowing in the budget later this
      The original post
  2. 07:42 UTC

    Healey reportedly targets online marketplace tax crackdown

    Platforms like Amazon and eBay would have to collect tax owed by sellers, raising up to £1bn.

    1 sourceThe Guardian · World
    • The Guardian · WorldRSSWed 14 Oct, 07:42

      John Healey ‘targets tax crackdown on online marketplaces’ in first budget Firms such as Amazon and eBay would be responsible for collecting tax owed by retailers selling on their platformsA tax crackdown on online marketplaces such as Amazon and eBay that could raise up to £1bn
      The original post