U.K. Budget Plan Calms Markets and Labour Faithful. Will It Appeal to Voters?
The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
But how will she feel about it later? Dean Drobot/ShutterstockIt is that time of the year again – Black Friday is almost upon us. What used to be just an American event has now taken over the calendar in many other countries as one of the key shopping events of the year.
Pixels Hunter/ShutterstokSince the election last year, the UK government has said economic growth is its top priority, as a way to improve living standards, cut NHS waiting lists and ease pressure on household finances. But with the Office for Budget Responsibility predicting growth this year to be a below-average 1.5%, it seems things haven’t gone entirely to plan.
Standret/ShutterstockModern electric vehicles are transforming the roads with low noise, rapid acceleration and zero exhaust emissions. However, drivers of electric vehicles in the UK will now face a new 3p per mile charge and drivers of hybrid vehicles a 1.5p per mile charge.
UK chancellor Rachel Reeves has made some significant reforms in her latest budget. Notably, she has committed to easing living cost pressures with widespread energy bill support, higher taxes for the most expensive homes, and axing the two-child cap on certain benefits.
Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
Food assistance does more good when it doesn't make people feel bad for needing help. SolStock/E+ via Getty ImagesThe 2025 government shutdown drew widespread attention to how many Americans struggle to get enough food.
The Trump administration is spending billions of dollars on deals with ownership stakes in companies. The unusual practice shows no sign of slowing.
Somchai_Stock/ShutterstockDespite decades of progress, the gender pay gap remains a persistent feature of the UK labour market. According to women’s rights charity the Fawcett Society, November 22 marked Equal Pay Day 2025 – the day when women effectively stop getting paid due to the wage gap with men.
In an unusual move, Xi Jinping, the leader of China, called President Trump. The two spoke about trade, Taiwan and Ukraine, according to separate official statements.