budget

South Korea parliament clears 2026 budget to power AI-led growth

[SEOUL] South Korea’s parliament approved a 727.9 trillion won (S$642.4 billion) budget for next year on Tuesday (Dec 2), endorsing President Lee Jae-myung’s sweeping plan to revive the economy throug...

Above: Homes in Guildford, 44 km south-west of London. The average home value increased 0.3% to £272,998 in November, suggesting that the housing market is holding up.

Rising UK house prices defy Budget tax fears, mortgage-lender Nationwide says

As buying activity was held off ahead of the Budget, prices may rise in the coming months: Capital Economics

Respondents to a YouGov survey conducted after Wednesday’s statement said they saw it as unfair rather than fair by a margin of 48 per cent to 21 per cent.

Reeves’ UK budget calms markets and party but leaves Britons unhappy

[LONDON] Britons reacted overwhelmingly negatively to Chancellor of the Exchequer Rachel Reeves’ budget, suggesting little relief for the Labour government’s slumping popularity.

Above: Homes in London. Uncertainty over the Budget had led to an 8 per cent year-on-year drop in homebuyer demand in October.

UK housing demand seen recovering on clearer post-Budget outlook

Analysts expect pent-up demand to bolster the traditional spring selling season as buyers return to the market

British finance minister Rachel Reeves says: “I am asking everyone to make a contribution, but I can keep that contribution as low as possible, because I will make further reforms to our tax system today to make it fairer and to ensure the wealthiest contribute the most."

UK’s Reeves comes back for more tax to bolster finances

Britain’s fiscal watchdog apologises after publishing Budget forecasts before finance minister delivers them in parliament

Britain's Chancellor of the Exchequer Rachel Reeves has announced sweeteners such as above-inflation rises to the minimum wage and pensions, along with freezes on rail fares and prescription charges ahead of the budget.

UK to unveil tax-raising budget

[LONDON] Britain’s centre-left Labour government is set to unveil a tax-raising budget on Wednesday to curb debt and fund public services, while aiming to reassure financial markets and voters alike.

Above: City of London. Retail sales volumes fell by 1.1% in October compared with a month before.

UK retail sales and consumer morale slide ahead of Budget

A survey shows a drop in consumer morale, suggesting the public is ‘bracing for bad news’

The contraction in budget spending also indicates that fresh stimulus added since late September will likely take time to trickle through the economy.

China dials back budget spending by most in over four years

The move suggests authorities are leaning towards containing debt risks now that Beijing’s growth target of around 5% looks safely within reach

Gauges of buyer demand and sales volumes also weakened, putting downward pressure on house prices.

Budget fears slam brakes on UK housing market

The Royal Institution of Chartered Surveyors said its index of homes put up for sale deteriorated to minus 20 in October

The central bank has kept its benchmark interest rate at 0.5% since early this year.

IMF says Japan should avoid adding debt as budget pressure grows

Japanese exporters, particularly automakers, have so far absorbed much of the tariff costs, helping to shield US consumers