Post-summer bounce in activity fails to materialise as buyers and sellers, in the south especially, opt to ‘wait and see’ The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget. In a sign of growing caution among house hunters, figures … Read more
Discount retailer looks for successor for Mike Schmidt, who is stepping down as chief financial officer The discount retailer B&M has ousted its finance chief after reporting a £7m accounts blunder that will cut its annual earnings – its second profit warning within two weeks. The company told investors it looking for a successor to … Read more
Exclusive: Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms Rachel Reeves has said higher taxes on the UK’s wealthy will form part of next month’s budget, as she shrugged off the “scaremongering” and “bleating” of her critics, and stressed her determination to repair the public … Read more
Manufacturing and health sectors boost growth but ONS revises down figures for July Exclusive: says higher taxes on wealthy ‘part of budget story’ The UK economy expanded by 0.1% in August, according to official figures, giving a lift to Rachel Reeves before next month’s crucial budget. A boost from the manufacturing sector helped the economy … Read more
The incumbent senator had nearly double Paxton’s cash on hand at the end of September. Texas’ GOP Senate primary is widely expected to be a bruising and costly fight — and so far the money race is highly competitive between Sen. John Cornyn and state Attorney General Ken Paxton. Cornyn’s political operation hauled in roughly … Read more
Republicans on Capitol Hill and in the White House are quietly mulling proposals that could unite members on Obamacare subsidies. A menu of options is starting to emerge around what a compromise might look like for extending a suite of Affordable Care Act tax credits, which have become a focal point in the current government … Read more
Senate Democrats voted once again Tuesday night to reject the GOP-led funding patch, guaranteeing the government shutdown stretches beyond the two-week point. Nearly 14 days since federal funding lapsed, the failed vote marks the eighth time the Senate has failed to advance the House-passed measure. And there’s no sign the bill is on the precipice … Read more
BEIJING — President Trump is threatening new tariffs a day after China introduced new restrictions on exports of rare earths and related technology on Thursday. Analysts say the export controls were an attempt to boost Beijing’s leverage in trade talks with the United States, but Trump now says he may call off a planned meeting … Read more
WASHINGTON — President Donald Trump on Friday threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession. The president expressed frustration with new export controls placed on rare earth elements by China — … Read more