UK PM Burnham says they are looking at all things inluding fuel duty ahead of the budget; hard to return to past growth without closer EU ties
Every headline is on the live feed 20 minutes before this site.
USDA Quarterly Grain Stocks Report (bln bu.): Wheat 1.846 (exp. 1.872, prev. 2.12); Corn 2.095 (exp. 1.918, prev. 1.532); Soybean 0.315 (exp. 0.324, prev. 0.325)
ZIM (ZIM) reportedly seeking new approval after regulatory authority requires updated proposal
UK PM Burnham says they are looking at all things inluding fuel duty ahead of the budget; hard to return to past growth without closer EU ties
UK PM Burnham says there are strong indications that Iran played a part in what happened over the weekend at the Fairford Air Base incident
Russian Retail Sales (Aug YY) 3.3% vs. Exp. 5.6% (Prev. 5.3%)
On the Newsquawk feed at , 20 minutes before this page.
Context
Pre-budget kite-flying of this kind is a well-established pattern in UK fiscal cycles: senior figures float revenue measures in the weeks before the statement to test reaction, and fuel duty is among the most floated, given the long-running freeze has made it a perennial candidate for recouping revenue without touching headline income tax rates. The transmission on any actual move would run through forecourt prices into headline inflation and, at the margin, the demand profile for refiners and retailers, but the signal here is exploratory rather than committed. The remark linking growth to closer EU ties is a recurring fault line in post-referendum UK politics; comments of that kind from political figures have historically moved sterling only when they carry the weight of government policy rather than backbench or regional positioning, and the title attached here does not match the sitting premiership, which itself warrants caution on how much weight the comment carries. What matters next is whether the Treasury or Downing Street echoes either strand, and whether fuel duty appears in pre-budget briefing from official sources. As commentary ahead of a fiscal event, the read is directional only.
Related headlines
- Eurogroup Chief Pierrakakis says EU approves Greece's energy escape clause request21 min ago
- EDF and Octopus are expected to be sounded out by KPMG advisors about a deal to buy Ecotricity, Sky News reports21 min ago
- Explosions heard in Erbil, Iraq, Tasnim reports 22 min ago
- UKMTO has received a report of an incident 13NM west of Al Jazeera, UAE. Incident was 9th October, 10:00UTC. Vessel has been struck by a projectile causing a fire that has since been extinguished27 min ago
- IRGC warns vessels violating restrictions will be pursued and punished beyond the Strait of Hormuz30 min ago
- FT writes that "The ECB will sit on the sidelines during France's debt sell-off"30 min ago
- Russian Kremlin says a call between President Putin and US President Trump will take place soon, Ifx35 min ago
- IRGC Navy says it struck the LPG carrier NV Sunshine after the vessel attempted to transit an unauthorised route south of the Strait of Hormuz, causing a major fire in its engine room and propulsion system and forcing it to stop41 min ago
- Canadian Participation Rate (Sep) 64.8% (Prev. 65.0%)44 min ago
- Canadian Part Time Employment Chg (Sep) -32.9K (Prev. -5.8K)44 min ago
- Canadian Unemployment Rate (Sep) 6.5% vs. Exp. 6.5% (Prev. 6.4%)44 min ago
- Canadian Full Time Employment Chg (Sep) -35.4K (Prev. -35.9K)44 min ago
- Canadian Employment Change (Sep) -68.3K vs. Exp. 7K (Prev. -41.7K)44 min ago
- Canadian Average Hourly Wages (Sep YY) 2.3% (Prev. 2.0%)44 min ago
- US BROKER MOVES: CBOE upgraded at Morgan Stanley; DD downgraded at JPM44 min ago
- Micron (MU) says it plans to construct new fabrication facilities and/or ramp production at existing fabrication facilities to increase supply in to respond to a significant increase in demand for memory products45 min ago
- Spanish Treasury announces plans to sell 2029, 2031 and 2033 bonds on October 15th56 min ago
- US PRE-MARKET MOVERS: AAPL, SPCX, DAL, HUM/ALHC, LITE1 hour ago
- German Economy Minister says Germany is to release up to 15mln barrels of oil and petroleum products; diesel and heating oil will be released first from reserves, followed by crude oil1 hour ago
- GlobalFoundries (GFS) unveils FDX Fusion FD-SOI platform for physical AI1 hour ago
The feed had this first.
Use the Platform