Budget uncertainty triggers plunge in UK construction activity; Trustpilot shares slump after short-seller claims – business live

Liverpool Street has been named the UK's busiest station once again, with approximately 98 million passengers recorded entering and exiting the station until the end of March, according to the regulator.

Zipcar announced it will cease UK operations starting January 1, 2026, leaving groups like Rotherhithe Community Kitchen without access to essential vehicles for delivering meals to vulnerable residents. This decision has disrupted the volunteer group's plans, which had relied on Zipcar's car-sharing services for two years.

The UK economy has faced significant challenges, including austerity measures, Brexit, the pandemic, and rising energy costs, leading to widespread dissatisfaction among citizens regarding income, home ownership, and public services. Recent polling indicates a decline in trust towards Labour's economic leadership, particularly under Chancellor Rachel Reeves, who has been criticized for her handling of the economy.

UK investors withdrew £3 billion from equity funds in November, driven by uncertainty ahead of Chancellor Rachel Reeves's budget announcement. This trend of daily outflows reversed after the budget revealed measures that were less severe than anticipated, prompting renewed interest in stocks.

UK assets have seen a rise as global sentiment improves, reflecting a positive shift in market conditions. This development is attributed to increased investor confidence and a rebound in stock performance, particularly among major banks, which have benefited from optimism regarding potential tax reliefs.

Tesla's car sales in the UK have experienced a decline in November, as reported by New Automotive data, reflecting ongoing challenges in the automotive market. This downturn is indicative of broader economic pressures affecting consumer sentiment and spending in the region.

Tesla's sales in the UK fell by 19% in November, according to data from New Automotive, indicating a significant decline in demand for the company's electric vehicles in this key market.

GB Energy, the UK's new state-owned energy company, aims to mobilize £15 billion ($20 billion) in private-sector financing to develop 15 gigawatts of clean power and storage assets by 2030. This initiative reflects a significant commitment to renewable energy amidst growing concerns over energy security.