• UK Labour’s Budget borrows big, taxes more

  • Oct 31 2024
  • Length: 13 mins
  • Podcast

UK Labour’s Budget borrows big, taxes more

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  • Summary

  • 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.
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