Richard Partington

Move could raise £24bn a year say signatories including Jeremy Corbyn as polls suggest public support

Larry Elliott, Pippa Crerar and Richard Partington 4 min read

Nation follows net worth rules which count liabilities such as debt but also assets, including land, roads, hospitals and schools

10-year gilt yields have risen in the past month but are within the range of other pre-budget periods

Labour chancellor to deliver budget after speculation over tax rises, debt rule changes and promised end to austerity

Rachel Reeves has announced £40bn of tax rises on businesses and the rich as Labour's first budget in 14 years sought to reverse more than a decade of decline in Britain's public services.

Institute for Fiscal Studies says budget allows for rise in public service spending this year and next, but not thereafter

Markets conclude higher level of public spending could lead to higher growth and inflation, making cuts in Bank of England rate less likely

Richard Partington Economics correspondent 3 min read Global investors are bracing for a week of volatile trading in financial markets before one of the most closely fought US elections in history.

Later October half-term break and budget uncertainty also led to lower spending, says industry