Chancellor Reeves signals tax rises ahead of budget

Tesla investors have overwhelmingly backed Elon Musk’s $1tn pay deal, Hungary’s prime minister travels to Washington to make the case for a Russian oil sanctions exemption, and the Bank of England keeps rates on hold. Plus, why UK bond markets are keeping calm and carrying on despite turmoil ahead of Labour’s Budget announcement. 

Mentioned in this podcast:

Tesla shareholders approve Elon Musk’s $1tn pay deal

Bank of England keeps rates on hold at 4% in knife-edge decision

Orbán to seek approval from Trump to continue importing Russian oil

Bond markets are winning the Budget stand-off

Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. 

Read a transcript of this episode on FT.com

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