FT’s George Parker explains the winners and losers of British Prime Minister Rachel Reeves’ spending review, with the UK imposing the first Western sanctions on Israeli government ministers, and Citigroup is poised to increase its potential bad loan provisions by hundreds of millions of dollars in the second quarter. Additionally, U.S. states and local governments are selling municipal bonds at a record pace over concerns that Congress could partially pay President Donald Trump’s “big beautiful bill” by cutting key tax cuts.
It is mentioned in this podcast:
What to expect from Rachel Reeves spending review
British sanctions Israeli ministers Smotrich and Ben Gwil
It’s scary that Muni Bonds is set for record sales, and Congress can scrap the tax cuts
Cities tighten regulations on potential bad loans for US economic worries
Today’s FT News Briefing was produced by Sonja Hutson, Misha Frankl-Duval, Kasia Broussalian and Marc Filippino. Additional help from Blake Maples, Michael Lero, David da Silva and Gavin Kalman. Our intern is Michaela Schie. Topher Forhecz is the audio of FT’s acting co-head. The theme song for the show is due to metaphorical music.
Read the transcript of this episode on FT.com
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