Can the House of Lords change the government’s mind on controversial inheritance tax reforms?

Indonesia's largest lender, PT Bank Mandiri, has reduced its loan growth target for the year, even after receiving new government funds aimed at boosting lending and supporting the economy. This decision raises concerns about the overall economic outlook and the effectiveness of government stimulus measures.

Former President Donald Trump has requested the U.S. Supreme Court to permit the dismissal of Federal Reserve Governor Lisa Cook. This move raises significant concerns about the independence of the Federal Reserve and could have far-reaching implications for monetary policy and economic stability. Trump's actions are seen as an attempt to influence the central bank's decisions, which could undermine public trust in its operations.

Argentina's dollar bonds are facing significant losses, marking their lowest point in a year as pressure mounts on President Javier Milei's administration. This situation is crucial as it reflects the growing economic challenges the country is facing, which could impact investor confidence and the overall financial stability of Argentina.

Recent figures reveal that planning approvals for new homes have hit a record low during Labour's first year in office. This decline is concerning as it indicates potential challenges in addressing the housing crisis, which affects many individuals and families seeking affordable living options. The drop in approvals could lead to a shortage of housing supply, exacerbating the existing issues in the real estate market.

Next, a leading UK retailer, has warned of prolonged sluggish growth in the economy, attributing this to rising taxes, increased regulation, and government overspending. The company's CEO, Simon Wolfson, expressed concerns about the impact on job opportunities and overall productivity. While they don't foresee an imminent economic collapse, the outlook remains bleak, highlighting the challenges businesses face in a tightening fiscal environment. This situation is significant as it reflects broader economic trends that could affect consumer spending and investment in the UK.

Germany's recent approval of the 2025 budget marks a significant shift in its fiscal policy, paving the way for increased spending aimed at stimulating the economy and addressing pressing social needs. This decision is crucial as it reflects the government's commitment to invest in infrastructure, education, and healthcare, which could lead to long-term economic growth and improved quality of life for its citizens.

Workers across France are striking in response to proposed budget cuts, a situation that has escalated following the recent collapse of the government. This wave of protests highlights the growing discontent among citizens regarding financial decisions that directly impact their livelihoods. The strikes are significant as they reflect the public's demand for accountability and better governance, making it a crucial moment in French politics.

Indonesia has announced an increase in its budget deficit target for 2026, now set at 2.68%, as part of a strategy to boost government spending and enhance transfers to regional areas. This decision comes in the wake of recent violent protests, highlighting the government's response to social unrest and its commitment to regional development. Understanding this shift is crucial as it reflects the government's priorities in addressing both economic challenges and public discontent.

Ruth Curtice, the chief executive of the Resolution Foundation, is urging Rachel Reeves to consider significant changes ahead of the upcoming budget. She suggests that the pensions triple lock should be reconsidered and emphasizes the need for bold decisions, especially regarding the controversial two-child limit. Curtice's straightforward approach reflects her experience as a former Treasury official, and her insights are crucial as the government faces pressing economic challenges.

Disney has received a substantial $2.2 billion from the UK government over the last 15 years for filming movies and streaming shows in the country. This financial support not only highlights the UK's attractiveness as a filming location but also underscores the economic benefits that such productions bring to the local economy. It's a win-win situation that fosters creativity and boosts job opportunities in the film industry.

The government's push to raise the state pension age aims to strengthen the economy and lessen pension costs, but this change disproportionately impacts certain groups. Previous increases have shown that not everyone feels the effects equally, raising concerns about fairness and the sustainability of such policies. As discussions continue, it's crucial to consider how these changes affect vulnerable populations who may struggle to work longer.

The French Socialists are urging President Macron's new government to make significant budget concessions, highlighting concerns over economic policies that may impact social welfare. This push reflects the ongoing tension between the government and opposition parties, as the Socialists seek to ensure that the needs of the public are prioritized in financial decisions. The outcome of these negotiations could shape the future of France's economic landscape and influence public sentiment towards the government.

The Bank of Japan has decided to keep interest rates unchanged while it evaluates the potential impact of U.S. tariffs on the Japanese economy. This decision reflects a cautious approach as the central bank navigates uncertain economic conditions, highlighting the interconnectedness of global markets and the importance of monitoring external factors.

Amy Xie Patrick from Pendal Group emphasizes the need to differentiate between bonds and equities, suggesting that their performance is influenced by factors like tariffs. She reassures viewers that the Federal Reserve is not in a state of panic, providing a measured outlook on the markets. This perspective is important as it helps investors understand the current economic landscape and make informed decisions.

Indonesia's largest lender, PT Bank Mandiri, has reduced its loan growth target for the year, even after receiving new government funds aimed at boosting lending and supporting the economy. This decision raises concerns about the overall economic outlook and the effectiveness of government stimulus measures.

Investors are closely monitoring the Bank of Japan's recent decision to maintain its current interest rates, a move that reflects the central bank's cautious approach to economic recovery. This decision is significant as it impacts financial markets and investor confidence, highlighting the ongoing challenges Japan faces in stimulating growth while managing inflation.

The Bank of Japan (BOJ) has decided to maintain its current interest rates while also initiating the sale of exchange-traded funds (ETFs). This move is significant as it reflects the BOJ's ongoing strategy to manage economic stability and influence market conditions. By keeping interest rates steady, the BOJ aims to support growth, while the sale of ETFs indicates a shift in its approach to asset management, potentially impacting investors and the broader economy.

US grain futures saw a significant rise on Friday, fueled by optimism surrounding an anticipated phone call between President Donald Trump and Chinese President Xi Jinping. Traders are hopeful that this conversation could lead to a resolution in the ongoing economic tensions between the two countries, which would be a positive development for the agricultural sector and the broader economy.