UK's Starmer Says Owners of Shares Don't Count as 'Working People' | Bloomberg The Pulse 10/25/24

UK Prime Minister Keir Starmer says owners of shares don't count as 'working people,' suggesting he's willing to raise taxes on investors. This as UK Chancellor of the Exchequer Rachel Reeves confirms a fiscal overhaul that could allow the government to borrow as much as £70 billion as Labour defends its tax proposals ahead of a budget announcement. In markets, ECB governing council member Pierre Wunsch says it's far too early to start considering a half-point rate cut in December, while Mercedes sees a fall in profitability at the German carmaker amid slumping Chinese demand.
Chapters:
00:00:00 - intro
00:04:00 - Mercedes earnings
00:06:00 - IFO Institut's Clemens Fuest on German business climate
00:13:01 - Natwest earnings
00:17:38 - Tesla Shares Soar
00:19:05 - Tech Earnings Calendar
00:20:30 - The ECB rate path
00:26:44 - TS Lombard's Freya Beamish on markets
00:32:17 - Modi Hosts Scholz
00:32:50 - New UK fiscal rules confirmed by UK Chancellor Rachel Reeves
00:39:59 - IMF Deputy First Director Gita Gopinath on US exceptionalism
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[@andrewvare3173]

Wheres Francine? Getting ready for the softball game at Davos this year?

[@anidaniprivate]

miss her too

[@johnwoods7650]

Do we really have a female Chancellor in the uk or is it just a bad dream?

[@builder101-x9j]

European car makers are finished the EU is a disaster zone.

[@on2thenextthing]

Says Starmer, who has a habit of taking expensive gifts. His opinion is irrelevant.

[@MSN1701]

Brics os amazing