The journal
Budget eve, Canadian tariffs and a bank called cheap
Britain's Sunday papers turned to John Healey's first Budget, Washington eased some tariffs on Canada ahead of the midterms, and Barclays drew talk of a bid.
Healey's first Budget comes into view
The British weekend belonged to the Budget. On Saturday evening the Guardian reported that John Healey's first Budget will include a large devolution package, presented as a measure to boost growth. The paper's piece set Mr Healey's name beside that of Andy Burnham, which places the Manchester figure close to the plans.
The BBC carried three previews of its own. One, published shortly before three on Sunday morning, reported that the Budget will include £1bn for social and affordable housing. A second set out four ways Labour could raise money without raising income tax. The headline frames income tax as the line the government is expected to hold. The third, which appeared at 06:21, argued that there is no more fat to trim for the 'squeezed middle'.
That last phrase points to households with little left to give up.
Two further BBC pieces sat at the edges of the Budget story. One was a report from Rosebank, described as an oil field at the centre of a political storm, with an account of life on the installation itself. The other asked how the UK state pension compares with arrangements in other countries. Neither carried a figure in its headline. The pension comparison was published just after midnight on Saturday, some hours before the Guardian's devolution report appeared.
Tariff relief with an electoral calendar
The White House has lifted tariffs on some Canadian goods. The BBC set the decision against the approach of the midterm elections. The Guardian was more direct, describing the move as a bid by Donald Trump to boost Susan Collins in Maine, whom the paper called embattled. Neither headline specified which goods are affected, and this note will not guess. The Guardian's account was published late on Friday, the BBC's shortly after midnight.
On Wall Street, the Wall Street Journal published a Sunday piece arguing that the current earnings boom is heavily reliant on just a handful of stocks. The headline does not name them.
Two individual companies drew harder coverage. The Journal reported that JetBlue's creditors have hired advisers as the airline's shares and bonds sank. The story ran on the paper's bankruptcy desk, and its address refers to creditors meeting with a restructuring adviser. Separately, the paper said holders of Moderna should brace for more whiplash, a description of continued volatility in the drugmaker's shares rather than any single event.
The Journal's consumer finance coverage turned to premium credit cards. It described a cat-and-mouse game between the card firms and so-called points junkies, the customers who work rewards programmes hardest. That piece was timed for midnight on Sunday.
Barclays, Manchester and property abroad
This is Money reported on Saturday that Barclays is on bid alert after being dubbed 'the cheapest bank in the world'. The label is attributed in the headline, not adopted by this note. The report set it against the bank's cost-cutting drive and job cuts. No bidder is named in the headline.
The Guardian published two linked pieces on Manchester at six on Sunday morning. The first reported that ownership of land in the city by Emirati-linked firms is up 39% in ten years. The second, a longer interactive feature, examined how the United Arab Emirates changed the face of what the paper called Andy Burnham's Manchester. Its title quotes a remark: 'That's the way the city works.' Read beside the same paper's devolution report, Manchester sits in two of the weekend's Guardian stories at once, one about Whitehall money and one about Gulf money.
Further east, the South China Morning Post asked what comes next for Hong Kong developers in mainland China. A companion piece reported that Sri Lanka's property boom has given Chinese developers hope, while noting that familiar risks linger. Both were published on Sunday morning, Hong Kong time.
Land and buildings, from Manchester to Colombo, carried most of the weekend's reporting on capital crossing borders.
Sources
- Healey’s first budget to include big devolution package to boost growth (opens in a new tab) · The Guardian Business
- Budget to include £1bn for social and affordable housing (opens in a new tab) · BBC Business
- Four ways Labour could raise money in the Budget without hiking income tax (opens in a new tab) · BBC Business
- Budget 2026: No more fat to trim for 'squeezed middle' (opens in a new tab) · BBC Business
- Rosebank: Life on the oil field at the centre of a political storm (opens in a new tab) · BBC Business
- How does the UK state pension compare with other countries? (opens in a new tab) · BBC Business
- White House lifts tariffs on some Canadian goods as midterm elections loom (opens in a new tab) · BBC Business
- Trump drops some Canada tariffs in bid to boost embattled Susan Collins in Maine (opens in a new tab) · The Guardian Business
- The Earnings Boom Is Heavily Reliant on Just a Handful of Stocks (opens in a new tab) · WSJ Markets
- JetBlue Creditors Hire Advisers as Airline’s Shares, Bonds Sink (opens in a new tab) · WSJ Markets
- Moderna Investors Should Brace for More Whiplash (opens in a new tab) · WSJ Markets
- The Cat-and-Mouse Game Between Premium Credit-Card Firms and Points Junkies (opens in a new tab) · WSJ Markets
- Barclays on bid alert as it is dubbed 'the cheapest bank in the world' amid cost-cutting drive and job cuts (opens in a new tab) · This is Money Markets
- Emirati-linked firms’ ownership of Manchester land ‘up 39%’ in ten years (opens in a new tab) · The Guardian Business
- ‘That’s the way the city works’: how the UAE changed the face of Andy Burnham’s Manchester (opens in a new tab) · The Guardian Business
- What’s next for Hong Kong developers in mainland China? (opens in a new tab) · SCMP Business
- Sri Lanka’s property boom gives Chinese developers hope. But familiar risks linger (opens in a new tab) · SCMP Business
This article is for general information only and does not constitute financial advice.