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Britain's Totally Extends Revolving Credit Facility
Gilt Yields Rise on Concerns About Renewed Inflationary Pressures After Budget -- Market Talk
Hong Kong's third-quarter local gross domestic product is estimated to increase by 1.8% year-on-year.
The Census and Statistics Department of the Hong Kong government released the preliminary estimate figures for the third quarter of 2024 local Gross Domestic Product (GDP).
GBP: Sterling a Little Weaker as the Dust Settles on the Budget – ING
United Kingdom's budget increased taxes by 40 billion British pounds this year, with the British pound exchange rates showing a slight decline, reflecting caution.
United Kingdom's newly appointed Chancellor of the Exchequer Rifes announced the largest tax increase in thirty years in her first budget, accusing the previous Conservative government of undermining the country's public services. She also paved the way for increasing borrowing to raise funds for long-term investment to accelerate the pace of economic development in the United Kingdom. Since the global financial crisis of 2007-09, the British economy has been growing slowly, and subsequently faced shocks such as Brexit, the COVID-19 pandemic, and soaring energy prices. However, Rifes, a former economist at the Bank of England, emphasized that she would not allow public debt to balloon, mentioning the tax cuts without funding support proposed by former Conservative Prime Minister Tlass in 2022.
U.K. Carried-Interest Tax Raise Might Be a 'Helpful Compromise' -- Market Talk