Ban on veggie ‘burgers’: plant-based products may lose meaty names in UK under EU law

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.

The U.S. plan to create joint investment funds involving Russian frozen assets has raised concerns in Brussels, casting doubt on the European Union's financial support for Ukraine. This unexpected move by the Trump administration has blindsided EU officials, who are now reassessing their strategies regarding aid to Ukraine amidst ongoing geopolitical tensions.

Christine Lagarde, president of the European Central Bank (ECB), warned that Europe's economy is increasingly vulnerable due to its reliance on international trade and third countries for security. She emphasized the need for reforms within the EU to stimulate growth, as the bloc's major trading partners have shifted away from the trade that has historically benefited its exporters.

Wetherspoon is set to open its first pub in Spain at Alicante airport, marking its first venture into mainland Europe. The pub will serve alcohol from 6am daily, catering to British travelers in the departure lounge. The opening is scheduled for January, with plans for further expansion into Europe in the future.

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.