Will pay-per-mile raise Reeves money or drive people away from electric vehicles?

The UK government has announced a freeze on rail fares in England for 2026, marking the first such measure in 30 years. Chancellor Rachel Reeves is set to confirm this decision in her upcoming budget speech, aiming to alleviate the financial burden on commuters and support economic growth amid rising living costs.

Ovo Energy, one of Britain's largest domestic gas and electricity suppliers, is set to cut hundreds of jobs next week as part of a strategy to demonstrate to regulators that it has a feasible turnaround plan.

The owner of the Daily Mail has agreed to acquire The Telegraph, a significant move that consolidates two of Britain's major right-leaning newspaper groups. This deal, valued at approximately £500 million, is expected to attract scrutiny from antitrust regulators due to the implications for media plurality in the UK.

The upcoming budget announcement by Chancellor Rachel Reeves is viewed as a critical moment for the Labour government, with significant implications for her leadership and the party's future. The chaotic atmosphere leading up to the announcement has raised concerns reminiscent of past budgetary failures, such as those experienced by Gordon Brown and Kwasi Kwarteng.

The UK government borrowed nearly £10 billion more than expected in the year leading up to October, with total borrowing reaching £17.4 billion last month, according to the Office for National Statistics. This data comes just ahead of Chancellor Rachel Reeves's upcoming budget statement, prompting calls for her to create more fiscal headroom against her fiscal rules.

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.

Chancellor Rachel Reeves is expected to announce an increase in duties for gambling firms, including bookies and casinos, during the upcoming budget. This decision follows months of speculation and lobbying efforts from the gambling industry aimed at influencing government policy. The proposed changes are anticipated to have significant financial implications for these companies.

Chancellor Rachel Reeves is preparing to unveil her second Autumn Budget amid a struggling economy, with tax increases anticipated. Analysts are closely monitoring the situation as the budget announcement approaches, expected to include significant fiscal measures.