The winners and losers in the UK Budget

Chancellor John Healey has targeted banks, savers and property owners in his Autumn Budget, Benjamin Netanyahu holds the lead in Israel’s election but there’s no clear winner yet, and one of the oldest American law firms told partners that it should dissolve. Plus, the Federal Reserve kept US borrowing costs on hold days before midterm elections, and Google shares fell sharply after boosting its spending on AI to more than $50bn in the third quarter.

Mentioned in this podcast:

John Healey hits banks and savers with tax rises in Budget ‘for working people’

What’s next for Burnham after the Budget?

The fear factor giving Netanyahu the edge

Benjamin Netanyahu ahead but no clear winner in Israeli election

Weil leadership to tell partners firm should be dissolved

Google shares drop 7% after $51bn AI spend deepens cash burn

Federal Reserve holds rates steady despite worsening US inflation

Credit: Federal Reserve

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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our video producer is Zachary Alfred. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Vanessa Brown, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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