Economy news

• Octopus Energy boss on standing charges

  28-10-2026 09:36 via BBC News
  
  CEO Greg Jackson spoke to BBC Breakfast after the chancellor announced cuts to gas bills for millions.
  
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• Savers set to pay higher tax on interest after Budget tax raid – how to shield your money from HMRC

  29-10-2026 17:59 via Latest from MoneyWeek
  
  The highest earners face a near-50% tax rate on savings interest from April 2027 after chancellor John Healey launched a tax raid on savers.Tax on savings income was already set to rise by two percentage points in April, but will now rise by four percentage points after Healey announced a further two percentage point rise in the 2026 Autumn Budget.The move will bring savings tax rates to 24% for basic rate taxpayers, 44% for higher rate taxpayers, and 49% for additional rate taxpayers in the 202
  
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• What is the ‘Starter ISA’?

  29-10-2026 17:06 via Latest from MoneyWeek
  
  One of the more eye-catching measures announced in chancellor John Healey’s first Autumn Budget was the creation of a ‘Starter ISA’.Little is currently known about this product, besides that it will be developed with the UK’s investment industry and will aim to encourage more Brits to start investing, but there is optimism that it could mark a more positive step than previous attempts to foster an investing culture.“A Starter ISA could be a much more effective way of creating a new gen
  
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• ‘Associate member’ spat set to overshadow Canada-EU summit

  29-10-2026 15:28 via Global Economy
  Ursula von der Leyen insists on concept Berlin and other capitals say must be left out of joint statement
  
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• The two pragmatists leading the race to run the ECB

  29-10-2026 15:04 via Global Economy
  Pablo Hernández de Cos and Klaas Knot are currently frontrunners to become the fifth president of Europe’s top monetary institution
  
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• Strong US inflation and growth will keep Fed on a tightening path

  29-10-2026 15:00 via Global Economy
  Third-quarter growth figures and September’s PCE inflation data confirm the US economy is running hot
  
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• ECB holds rates as Lagarde announces early departure

  29-10-2026 14:36 via Global Economy
  Lagarde’s successor will probably have to contend with further French bond market turbulence
  
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• Housebuilding is the best way to address the UK’s cost of living crisis

  29-10-2026 14:00 via Global Economy
  The Budget showed again that Burnham and Healey are ignoring the laws of supply and demand
  
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• What the Autumn Budget means for investors

  29-10-2026 13:50 via Latest from MoneyWeek
  
  Investors will for the most part be relieved at the measures chancellor John Healey announced in his first Autumn Budget on 28 October.Healey rowed back on controversial ISA changes and, in welcome news to investors, avoided a further hike to dividend income tax.Bond investors have responded positively, if mutedly, to the Budget. Yields on 10-year gilts were little-changed on 28 October, the day of the Budget, but they opened the following day 0.9% lower. “For investors, the message was one of
  
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• BYD’s export surge helps offset sales weakness in China

  29-10-2026 13:01 via Global Economy
  Electric vehicle maker’s foreign expansion takes on rising importance amid roadblocks in domestic market
  
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• BYD’s breakneck export surge helps offset weakness in China

  29-10-2026 11:51 via Global Economy
  Electric vehicle champion’s foreign expansion takes on rising importance amid roadblocks in domestic market
  
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• Christine Lagarde to step down as ECB president in February

  29-10-2026 11:04 via Global Economy
  Her eight-year term at the helm of the powerful monetary authority was set to end in October 2027
  
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• FirstFT: End of the road for Weil

  29-10-2026 11:02 via Global Economy
  Also in today’s newsletter: Google shares tumble, and Federal Reserve holds rates
  
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• Hello Kitty gets caught up in Japan-China spat

  29-10-2026 07:04 via Global Economy
  Sanrio apologises for collaboration with wartime spy thriller that drew outrage over depiction of torture
  
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• What has caused the bad economic vibes, and does it actually matter? 

  29-10-2026 07:00 via Global Economy
  Level-headed consumers
  
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• FirstFT: What’s next for Burnham after the Budget?

  29-10-2026 06:31 via Global Economy
  Also in today’s newsletter: US holds rates and Google shares tumble
  
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• It is too soon to hold a funeral for US tariffs

  29-10-2026 06:00 via Global Economy
  Import duties are a far bigger deal in next week’s midterms due to their association with an unpopular president
  
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• FirstFT: Weil leadership tells partners firm should wind down

  28-10-2026 23:02 via Global Economy
  Also in today’s newsletter: Google shares tumble as cash burn deepens and dozens killed in Spain high-speed train crash
  
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• Fed holds fire on interest rates despite intensifying inflation

  28-10-2026 22:32 via Global Economy
  Central bank to vote on monetary policy seven times next year in shift from decades-old custom of having eight such meetings
  
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• Fed holds rates as expected and upgrades view on economy

  28-10-2026 19:20 via Global Economy
  The decision to hold rates at the October meeting was less contested than we expected
  
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• Fed holds interest rates as expected and upgrades view on economy

  28-10-2026 19:20 via Global Economy
  US central bank also going to move to fewer policy meetings every year from 2027
  
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• Airbus profits drop as plane deliveries slow

  28-10-2026 19:17 via Global Economy
  The world’s biggest maker of aircraft has held on to its full-year target of 870 deliveries despite production challenges
  
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• John Healey’s first Autumn Budget: what was announced?

  28-10-2026 18:35 via Latest from MoneyWeek
  
  Chancellor John Healey put the focus on addressing rising living costs when he announced the first Autumn Budget of his tenure.Nestled within the Budget document and his speech on 28 October were a number of measures to help households with a higher cost of living and energy bills.A series of changes affecting businesses were also confirmed including targeted support for the ailing high street while measures will be introduced to encourage entrepreneurship and innovation.Here are some of the maj
  
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• Budget quiz: How much do you remember from the 2026 Autumn Budget?

  28-10-2026 18:17 via Latest from MoneyWeek
  
  Chancellor John Healey has delivered his first Autumn Budget, with tax rises for some and help for others.But how closely were you following the Budget? Test yourself in our 2026 Autumn Budget quiz.How well did you do in our 2026 Budget quiz? Share your results on social media.Autumn Budget: What does John Healey’s Budget mean for you?Poll: What did you think of the 2026 Autumn Budget?Quiz: How much do you know about the Autumn Budget?Play our Budget crosswordFor the latest Budget news, analys
  
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• Federal Reserve holds rates steady despite worsening US inflation 

  28-10-2026 17:51 via Global Economy
  Central bank holds fire as policymakers wait to see ‘more information’ on price growth
  
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• Federal Reserve decision as it happened: Central bank holds rates steady despite worsening US inflation 

  28-10-2026 17:51 via Global Economy
  Central bank to vote on monetary policy seven times next year in shift from longstanding practice of eight such meetings
  
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• Poll: What did you think of the 2026 Autumn Budget?

  28-10-2026 17:20 via Latest from MoneyWeek
  
  A host of policies were announced in the 2026 Autumn Budget, bringing tax hikes for landlords and savers, and support for those on lower incomes.The fiscal event was the first test of new chancellor John Healey as the government continued to react to the economic damage from the Iran war. The price of energy was a major focus, as standing charges were removed from gas bills, and £100 cash payments will be given to people in council tax bands A to D this winter. Meanwhile, cash savers breathed a
  
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• Budget calculator: how will Healey’s forecasts affect the tax you pay?

  28-10-2026 17:04 via Global Economy
  Fiscal drag is set to hit taxpayers harder than previously thought
  
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• How will Budget forecasts affect the tax you pay?

  28-10-2026 16:24 via Global Economy
  Fiscal drag is set to hit taxpayers harder than previously thought
  
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• Start your free trial today

  28-10-2026 12:32 via Latest from MoneyWeek
  
  Subscribe to MoneyWeek magazine to receive financial news and analysis from our team of experts and access our app on a phone, tablet or laptop. Our digital offer:First 6 issues freeContinues at £32.99 every quarter (just £2.53 per week)Access our digital edition before the magazine hits the shopsRead articles and listen to our podcast on the appYour subscription is protected by our full money-back guarantee*(Image credit: Future)See inside MoneyWeekUnderstand what really matters when it comes
  
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