See the full story in the original article.
Read the original on thewestmorlandgazette.co.uk ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GBP/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.34003 |
| Change that session | +0.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Andy Time : Why Burnham budget isnt going to deliver a revolution – POLITICO
- Three - quarters of small business owners delay having kids or buying houses over tax fears
A survey of 500 small and medium-sized businesses in the UK by Money.co.uk found that 77% have delayed a personal financial decision, such as buying a home, having children or retirement planning, due to uncertainty over the Budget. Some 65% worry that a rise in business taxes could force their firm to close within 12 months, as most businesses borrow while interest rates remain elevated compared with the pre-pandemic era. If taxes rise, 57% of owners said they would raise prices, 39% would pause growth or expansion, and 29% would stop hiring. Energy and utility bills are the biggest cost pressure, cited by 54% of owners, and the Budget measures they most often wanted were cuts to energy costs and a reduction or overhaul of business rates, each at 17%.
- Sainsbury boss delivers tax warning to government ahead of Budget
Sainsbury’s chief executive Simon Roberts said the government appears to be listening to business after talks at No 11 Downing Street, and urged the chancellor to avoid significant increases to business taxes and labour costs in the autumn Budget next Wednesday. He also called for reform of the business rates system and measures to encourage hiring. For the 28 weeks to 12 September, total revenue rose 4.1% to £16.2 billion and grocery sales rose 2.9% to £13.2 billion, while fuel sales jumped 17.8% after the Iran war pushed up oil prices. Underlying operating profit was £525 million, up 3.6%, and the company said it is on track for full-year underlying operating profit of £1.025 billion to £1.065 billion, equivalent to £965 million to £1.065 billion due to the proposed sale of Argos.
- What is the tax-free personal allowance and will John Healey increase it to £15,570 in the Budget?
The personal allowance, the amount most people can earn before paying income tax, has been frozen at £12,570 since 2021 and is set to stay there until 2031. The Telegraph reports the government is considering raising it to £15,570, based on a proposal from Labour donor Dale Vince, though Chancellor John Healey has dismissed calls from some Labour MPs to raise Capital Gains Tax. AJ Bell estimates the allowance would be worth about £16,072 in 2026/27 and £17,380 by 2029-30 had it kept pace with inflation, and citing HMRC, notes each £100 increase costs around £1 billion a year. The Institute for Fiscal Studies puts the cost of reinstating inflation-linked increases from April 2027 at about £8.4 billion a year. A Treasury spokesperson said tax decisions will be set out at fiscal events rather than in response to speculation.
- Do not repeat tax increases at Budget , Sainsbury boss urges Chancellor
- Do not repeat tax increases at Budget, Sainsbury boss urges Chancellor
Related markets
Latest news
- Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.
Sandisk (SNDK) and Micron (MU) are among the best-performing memory chip stocks in 2026, with record margins as memory demand hits an all-time high while supply is tight, driving prices sharply higher. The author notes that Micron’s high-bandwidth memory (HBM) is growing faster than conventional DRAM, and that Micron has announced a custom HBM chip partnership with Nvidia. Both companies are signing long-term supply agreements to stabilize revenue, with Micron estimating about 35% of its revenue secured through 2030 and Sandisk having signed about 50% of its clients to such contracts. Micron expects industry NAND and DRAM shipments to grow at a low-to-mid 20% rate in both 2027 and 2028. The author prefers Micron, citing its HBM exposure and cheaper valuation relative to Sandisk, while still calling Sandisk a solid pick.
- Elon Musk Expects SpaceX to Make $500 Billion to $1 Trillion in Sales Next Year. Here's What That Means for the Stock.
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year, and its first quarterly net profit of $4.4 billion. On the Oct. 20 earnings call, Elon Musk said SpaceX’s annual recurring revenue could reach between $500 billion and $1 trillion by the end of 2027, a figure tied to growth in its super intelligence (SI) unit, whose revenue rose 830% on cloud computing deals, the Cursor acquisition and the Grok AI business. Starlink reached 13.6 million subscribers. The article cautions about heavy spending: Q3 capital expenditures of $19.6 billion exceeded revenue, free cash flow was negative $10 billion, and SpaceX had less than 2 gigawatts of compute operating against a target of 13 to 20 gigawatts by the end of 2027. It also notes that Musk has often made predictions that have not come to fruition, and that the stock trades at 63 times trailing-12-month sales.
- President Donald Trump Just Threw Fed Chair Kevin Warsh Under the Bus, and Things Could Get Ugly for Wall Street
President Donald Trump publicly criticized Fed Chair Kevin Warsh and the FOMC after the Fed raised the federal funds rate by 25 basis points on Sept. 16, kicking off the fourth rate-hiking cycle of the 21st century. Trump said he still relies on Warsh but called the board “very hostile” and “very political,” and told Time he would probably have voted against the board if he were Warsh. The article argues that inflation has topped the Fed’s 2% target for 67 months, reaching 4.2% in May, and blames tariffs and the Iran war. A New York Fed study estimates tariffs added 2.9 percentage points to consumer prices, and the author suggests more criticism of Warsh is likely, which could be bad news for stocks.
- Forget Mars, SpaceX’s Most Important Business Has Nothing To Do With Space (At Least For Now)
SpaceX’s Super Intelligence (AI) segment generated $7.56 billion in third-quarter revenue, up 830%, making it the largest segment by revenue and passing Starlink. By the article’s calculation, AI’s share of segment revenue rose from 33.1% in Q2 to 51.9% in Q3, with Cursor contributing $608 million. Capital spending reached $19.6 billion in the quarter, of which about 83.7% went to AI by the article’s calculation, while Starlink still earned $2.37 billion of the company’s $2.79 billion operating income. The Space segment lost $7 million on $1.77 billion of revenue, and Musk now describes Mars as delayed. The article argues that AI’s lead on the ground may be temporary, and the stock fell 9% on Oct. 22 on capex concerns, according to Seeking Alpha.
- What Will a $10,000 Investment in Palantir Be Worth by 2030?
Palantir shares fell for most of 2026 but have risen since August, gaining about 12% year to date, roughly in line with the S&P 500. The article points to strong growth in Palantir’s AI platform, with Q2 revenue up 93%, U.S. commercial revenue up 149%, and a 55% profit margin. However, the stock trades at almost 125 times this year’s earnings, compared with about 23 times for Nvidia, whose Q2 revenue rose 106%. The author models 50% annual revenue growth from 2027 to 2030, which the article calls aggressive, and a valuation of about 30 times forward earnings, estimating a $10,000 investment could be worth about $20,000 by 2030. The author argues the high valuation could damp future returns.
- Antoni : Today inflation is really an energy shock
The author argues that high living costs, especially fuel prices, reflect an energy shock rather than a weakness in the fundamentals of the US economy. Incomes rose faster than prices last year, but the trend has reversed since February, and inflation reaccelerated from March due to disruptions in global energy markets. Wars involving Iran and Ukraine have cut supplies of crude oil and refined products, and Ukrainian strikes reduced Russia's diesel export capacity by about 90%. Higher transport, electricity and input costs, such as for aluminum and fertilizer, are spreading the energy shock into prices across the economy. Even if the conflicts end, the author expects the effects to persist for a while, though energy prices should fall once oil markets normalize.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.