Milkshakes and lattes to face sugar tax in UK

The Labour government is set to unveil a new North Sea Strategy during the upcoming Budget speech, which includes plans to relax drilling restrictions in the North Sea. This announcement is expected to be made by Chancellor Rachel Reeves, highlighting a significant shift in energy policy.

UK Chancellor Rachel Reeves is set to present a tax-heavy budget on November 26, 2025, which is expected to test the confidence of investors and the Labour Party. This budget follows consultations with bond-market investors and Labour backbenchers, highlighting the government's focus on fiscal responsibility amid economic challenges.

UK Chancellor of the Exchequer Rachel Reeves is set to unveil her second budget on November 26, 2025, after a period of preparation that has included consultations with both bond-market investors and Labour Party backbenchers. This budget is anticipated to address pressing economic challenges, including a potential downgrade in growth forecasts for the next five years due to previous government policies.

Volkswagen has announced the completion of a new R&D centre in Hebei, eastern China, enabling the company to develop new cars entirely outside Germany for the first time in its history. This move aims to strengthen its position in the world's largest auto market.

The minimum wage for individuals over the age of 21 has been increased to £12.71 per hour, a decision that has been positively received by many. However, experts caution that this increase may not sufficiently address the current cost of living crisis affecting many workers.

The UK is set to see an increase in minimum wage rates, benefiting approximately three and a half million low-paid workers across the country. This adjustment reflects ongoing efforts to improve the financial conditions of the workforce and address living costs.

The UK government has faced criticism for conceding to the British Virgin Islands' request to restrict access to a company share ownership register, limiting it to individuals with a legitimate interest. This decision contradicts a 2008 UK law mandating broader access to the register. Discussions on this issue are set to take place between Foreign Office ministers and leaders of British overseas territories in London.

The UK government has announced an extension of the sugar tax to include bottled milkshakes and pre-packaged lattes, lowering the sugar threshold from 5g to 4.5g per 100ml. This initiative aims to address rising obesity rates among children and improve public health outcomes.