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UK's Reeves to Raise Taxes in Autumn Budget | Bloomberg Daybreak: Europe 10/30/2024 (Correct)
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October 30, 2024
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43:53Now PlayingBloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. (Corrects VW segment to remove erroneous margin comparison.)
Today's guest: Diego De Giorgio, Standard Chartered CFO.
On today's show, Rachel Reeves will pledge to “rebuild Britain” with her first budget, an historic moment that will include a major package of tax hikes and extra borrowing likely to define British politics for the rest of the decade.
Elsewhere, UBS outperformed US and European competitors in its markets business. Equity trading revenue rose 33%, more than at peers. The smaller fixed income business is up 26%, while seven of its biggest rivals saw that business come in pretty much flat on average.
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