logo
episode-header-image
Oct 2024
13m 15s

UK Labour’s Budget borrows big, taxes mo...

Financial Times
About this episode

Microsoft’s quarterly revenue rose 16% on strong cloud computing demand, the UK’s Labour party reveals bold tax increases and borrowing, and the US economy grew at an annualised rate of 2.8% in the third quarter. Plus, critics cry foul over a proof of citizenship law in Arizona. 


Mentioned in this podcast:

Microsoft’s revenue beats estimates on strong cloud demand from AI boom 

Rachel Reeves announces £40bn tax increase in UK Budget 

Arizona’s proof of citizenship complicates voting in US swing state 

US GDP rose at a 2.8% rate in third quarter on strong consumer spending 

Play the FT’s Budget game: https://ig.ft.com/chancellor-game/ 


The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Katya Kumkova, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
Quantitative easing is under the microscope
Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the ... Show More
10m 46s
Yesterday
Carmakers are falling back in love with petrol
A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging marke ... Show More
11m 25s
Oct 7
OpenAI’s circular deals
EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused ... Show More
10m 53s
Recommended Episodes
Sep 2024
How “painful” will the Budget be for your finances?
With a £22bn ‘black hole’ in the public finances, the new chancellor Rachel Reeves has difficult decisions to make ahead of Labour’s autumn Budget next month. How might this hole be plugged, and where might tax rises land? In this episode, Dan Neidle, founder of think-tank Tax Po ... Show More
31m 32s
Sep 19
The ugly truth about Trump’s ‘beautiful tariffs’. With Martha Gimbel
Customs duties on imported goods used to be a crucial part of US government funding – in fact, the customs service was among the first federal agencies set up after the constitution. Now, Trump is hoping that – among other things – tariffs could transform the US budget. But do th ... Show More
32m 34s
Dec 2024
Why has ABC News given Donald Trump $15 million?
Donald Trump has achieved a legal victory after ABC News announced that it was paying Trump $15 million and legal fees to settle a defamation lawsuit related to remarks made in March by morning news presenter George Stephanopoulos.Following the settlement Trump said he intends to ... Show More
25m 38s
Mar 2025
Will US-Canada relations ever be the same again?
Donald Trump announced this week 25% tariffs on US car imports, a move that will impact neighbours Mexico and Canada. Canadian prime minister Mark Carney has called the tariffs "unjustified" and said it marked the end of "deep ties" between the two countries.Canadian journalist a ... Show More
30m 45s
Mar 2025
Will Rachel Reeves be forced into an emergency budget?
It’s been a week of political whiplash, including that infamous explosive meeting in the Oval office and renewed commitment from European leaders to back Ukraine. George Osborne and Ed Balls consider who - if anyone - has fared well in this wild week. Is Trump himself as the deft ... Show More
58 m
Sep 7
Team 47 - Trump’s Economy
The latest U.S. jobs report, revealing a slowdown in hiring with only 22,000 jobs added in August. Clay and Buck analyze inflation’s lingering effects under President Biden, emphasizing how price hikes have reshaped consumer expectations and daily costs—from fast food to coffee. ... Show More
30m 51s
Oct 1
US Shutdown Begins As Stocks Drop & Gold Rallies On Funding Standoff
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Congress blew past a midnight funding deadline, triggering the US government’s first shutdown in nearly seven years — and the third under President Donald Trump. (2) US equity-index futu ... Show More
28m 24s
Apr 2025
What is a ‘woman’ in law? The Supreme Court ruling
The UK Supreme Court issued a landmark ruling this week about the legal definition of a woman in equality legislation. Judges ruled that a woman is someone who is born biologically female. Host Lucy Fisher is joined by the FT’s Anna Gross and Robert Shrimsley to discuss the polit ... Show More
36m 11s
Oct 3
Why did the US government shut down?
The US federal government is closed for business. Democrats and Republicans in Congress failed to agree on a budget to keep the government open. But over two million federal workers who will go without a paycheck during negotiations have a new worry: will President Donald Trump u ... Show More
21m 2s