Labour power brokers want new fiscal rules after Starmer, The Times report; MPs from the influential Tribune faction called for longer-term debt targets and bigger wealth taxes in an effective manifesto for the next leader
The call from Labour's Tribune faction for new fiscal rules, including longer-term debt targets and increased wealth taxes, signals potential shifts in UK economic policy under a future leadership.
US FX WRAP: Dollar mixed vs G10s with GBP flat despite concerns on PM's future
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 11 TICKS LOWER AT 110-13
Labour power brokers want new fiscal rules after Starmer, The Times report; MPs from the influential Tribune faction called for longer-term debt targets and bigger wealth taxes in an effective manifesto for the next leader
Trump admin to scrap rule that elevated land conservation, WSJ reports
US Treasury says it is imposing sanctions on 12 individuals and entities for aiding Iran's oil shipments to China and Cos. hit with sanctions include 4 based in Hong Kong and 4 in UAE
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This proposal could have significant implications for investor sentiment, particularly regarding fiscal sustainability and potential changes in taxation, making UK assets particularly sensitive to these developments during the election cycle.
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