Sunday newspaper round-up: Autumn budget, Jonathan Powell, China tariffs, BMW, Lower Thames crossing, Israel ceasefire
(Sharecast News) - Rachel Reeves has signalled the better off will be forced to "contribute more" as she prepares to raise taxes at the Budget. Treasury sources have said that the Chancellor will not cut spending on public services or significantly increase borrowing, as she looks to plug a £20-30bn black hole in the public finances. It will leave her with no option but to increase taxes substantially. Ms Reeves will argue that growth boosting reforms, such as a further loosening of planning rules, can avoid the need for tax rises on "working families". She will instead target those with higher incomes or more wealth, The Telegraph understands. Sources close to the Chancellor said: "She will be fair when asking those to contribute more to rebuild our public services." - Telegraph
Read MoreUS close: Stocks plummet as Trump reignites US-China trade tensions
(Sharecast News) - A resurfacing of geopolitical tensions hammered US stocks on Friday, with volatility levels hitting their highest in six months after Donald Trump stepped up his protectionist trade measures against China, breaking a tariff truce that has been in place for months.
Read MoreUS consumer sentiment remains weak in October
(Sharecast News) - US consumer sentiment remained weak in October, according to a preliminary survey released on Friday.
Read MoreEurope close: Stocks take huge dive as tariff fears resurface
(Sharecast News) - European stocks dropped sharply in late-afternoon trade on Friday as geopolitical tensions between the US and China escalated dramatically, with all markets across the continent registering steep losses by the close.
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