Wetherspoon to open first pub in Spain – offering garlic prawns and beer from 6am

Moody's has reaffirmed the UK's Aa3 credit rating ahead of the upcoming budget announcement. This decision reflects the agency's assessment of the UK's economic stability and fiscal management, indicating confidence in the country's financial outlook.

Spain's stock market closed lower, with the IBEX 35 index declining by 0.99%. This downturn reflects ongoing negative sentiment in the market, influenced by various economic factors affecting investor confidence. The decline in the IBEX 35 indicates broader challenges within the Spanish economy.

Rachel Reeves, the UK's first female chancellor, expressed her frustration with individuals 'mansplaining' her role as she prepares to present her budget next week. In an interview, she highlighted the pressures of her position amid ongoing political scrutiny and attacks.

UK retail sales have declined, and consumer morale has weakened ahead of the upcoming budget announcement. This downturn reflects growing concerns about the economic environment, as consumers appear to be tightening their spending in anticipation of fiscal changes. The negative sentiment is indicative of broader economic challenges facing the UK.

UK businesses are reportedly delaying their plans ahead of the upcoming budget presentation by Chancellor Rachel Reeves, as indicated by the latest Purchasing Managers' Index (PMI) data. This cautious approach reflects uncertainty in the market as companies await fiscal decisions that could impact their operations and investments.

Poundland, a budget retail chain in the UK, is facing significant challenges during the ongoing cost-of-living crisis. Despite the financial strain affecting many consumers, the company is struggling to maintain its market position, raising questions about its business model and future viability.

A recent GfK survey indicates that UK consumers are preparing for the upcoming budget, reflecting concerns about economic conditions. The survey highlights consumer sentiment and spending intentions as the country approaches significant fiscal decisions.

Asurion LLC is reportedly in advanced negotiations to acquire Domestic & General Group Ltd., a UK warranty business, in a deal valued at £2.1 billion ($2.74 billion). Sources indicate that the discussions are progressing towards a potential agreement.