Hints and tips:
...“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”...
...Spacs raise money through a public listing and hunt for a private company to take public....
...The 30-year fixed mortgage rate average is now 7.5 per cent, compared with 3.1 per cent at the start of 2022....
...Demographic squeeze in early 21st century How to explain this?...
...Sachs boss Lloyd Blankfein’s vision was bold: marry the investment skills of the Wall Street giant he ran with the financial firepower and China connections of the sovereign wealth fund China Investment Corporation...
...That’s now the fifth short-term change to the corporation tax regime in the last two years....
...Since mid-October, 10-year gilt rates have fallen, debt servicing costs are down, mortgage rates are lower and inflation has peaked....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...House prices meanwhile are showing their most widespread falls since 2009 as soaring mortgage rates hit buyer demand....
...More than 2.8mn Britons had been found to be living in houses not fit for the 21st century, he said....
...They will vow that they will make this all add up by delivering something similar to the large spending cuts promised by chancellor Jeremy Hunt in his autumn statement....
...Yes, we take difficult decisions to tackle inflation and keep mortgage rises down....
...The lost tax savings from Hunt’s series of U-turns are pretty meaningless for most; it’s soaring mortgage rates that are really kicking people in the pants financially....
...However, the unfunded tax cuts, totalling £45bn a year, prompted chaos in financial markets, pushing up UK gilt yields and mortgage rates as investors lost confidence in the UK....
...Claer Barrett At the moment some Conservative ministers saw that the ability to pay their mortgages would become much harder in future....
...Five unmissable stories this week Baillie Gifford’s flagship Scottish Mortgage Investment Trust asked one of its non-executive directors to resign at a board meeting on Thursday, following what he said...
...And Chancellor Hunt said he’ll set out a new budget on October 31st. Here’s the FT’s George Parker....
...Investors are on the hunt for bargains in biotech, a sector that has been struggling to replicate its pandemic-era fundraising success....
...By abandoning her plans to hold down corporation tax, she has now been forced to adopt the key plank of her rival Rishi Sunak’s economic strategy — one she utterly denounced just weeks ago....
...The screen The US Federal Deposit Insurance Corporation covers more than 4,200 commercial banks, or one lender per 80,000 citizens....
...The mayhem in markets, with implications for people’s mortgages and pensions, alienated many voters....
...A Hunt-Sunak partnership would have a very different tone....
...Jeremy Hunt, chancellor, said the OBR had laid out the “stark impact of global headwinds on the UK economy” and that its forecasts showed the government was helping to make the recession shallower, inflation...
...She wanted to cut taxes, but now her cherished plans to hold down corporation tax and to axe the higher rate of tax were binned....
...Today is Friday, October 21st. And this is your FT News Briefing. [MUSIC PLAYING] Liz Truss resigned as the UK’s prime minister yesterday after weeks of turmoil....
International Edition