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
BCG tries to limit Gaza work fallout
EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, Eu ... Show More
10m 31s
Yesterday
Liechtenstein's zombie-trust apocalypse
US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump. Mentioned in this ... Show More
11m 18s
Jul 7
US stocks: rally or overcorrection?
Israeli Prime Minister Benjamin Netanyahu visits Washington DC today to discuss a Gaza ceasefire proposal with US President Donald Trump, and US stocks are booming again despite uncertainty about the wider economy. Plus, Hong Kong’s stock exchange is attracting lots of companies, ... Show More
10m 9s
Recommended Episodes
Jul 2024
Labour confronts £20bn black hole
The chancellor Rachel Reeves is about to confront the British public with the size of the black hole in the country’s finances. A funding shortfall of about £20bn is likely to lead to tax rises at the Budget later this year. So — how to fix the problem? The FT’s political editor ... Show More
34m 40s
Mar 2025
Doom, gloom and not much headroom: Spring Statement
Rachel Reeves was forced to slash spending to balance the books in her Spring Statement this week. Welfare spending will be cut more deeply than initially trailed, prompting warnings that 250,000 people — a fifth of them children — could be plunged into poverty. Economists also f ... Show More
38m 13s
Nov 2024
Labour’s beef with farmers
After winning swaths of rural seats in the general election, Labour’s relationship with the countryside has nosedived, amid a row over the government’s plan to impose inheritance tax on some farms. Host Lucy Fisher is joined by Political Fix regular Jim Pickard and political corr ... Show More
36m 20s
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
Oct 2024
What did Rachel Reeves’ Budget miss?
The dust has settled on Rachel Reeves’ budget, and despite a strong performance from the Chancellor, George Osborne and Ed Balls have noticed a few glaring omissions. Child poverty? Didn’t really rate a mention. How about some of the New Labour classics like getting people back t ... Show More
1 h
Jul 2024
Campaign trail myths about immigration and the economy
Ahead of this year’s election, politicians are spinning out all kinds of narratives about how immigration hurts the U.S. economy. But an analysis by the Congressional Budget Office projects that a surge in immigration over the next decade will ultimately lower the federal deficit ... Show More
13m 13s
Dec 2024
Quizmas special: Political Fix’s nerd out!
Who threatened to launch an aquatic assault on the Dutch town of Leiden? And which political candidate pledged to force water bosses to take a dip in British rivers? Find out as host Lucy Fisher puts the full Political Fix panel – Robert Shrimsley, Jim Pickard, Stephen Bush, Geor ... Show More
40m 35s
Jul 4
A year of Keir
This week marks a year of Keir Starmer’s government. But if Labour was expecting to celebrate the anniversary – it didn't pan out that way. Despite claiming a narrow victory with the contentious welfare bill, the government appeared to have one of its roughest weeks on record. Ho ... Show More
37m 29s
Jul 2024
US Economy Grew Faster Than Expected Last Quarter on Firm Demand
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News International Economics & Policy Correspondent Mike McKee and Bloomberg News Rates Reporter Michael Mackenzie discuss US economic growth accelerating by more than forecast in the second quarter, ... Show More
40m 7s
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