Reeves hit by Labour rebellion

Chancellor Rachel Reeves has announced a full investigation into the pre-Budget leaks that occurred prior to her recent budget presentation, emphasizing the need for a review of security processes. This move comes in response to significant market reactions triggered by the early release of key budget measures by the Office for Budget Responsibility (OBR).

The U.S. is set to announce a 'bridge payment' for farmers next week, as confirmed by Rollins. This payment aims to provide immediate financial support to farmers who are currently facing economic challenges, particularly amid ongoing uncertainties in the agricultural market.

Richard Hughes has resigned as the chair of the Office for Budget Responsibility (OBR) amid growing concerns over budget leaks, particularly the premature release of Rachel Reeves's budget details. This resignation may alleviate some pressure on Reeves as she prepares for her upcoming budget presentation.

UK house prices increased by 0.3% in November, reaching an average of £272,998, according to Nationwide, despite concerns surrounding the recently announced mansion tax by Chancellor Rachel Reeves. This rise defied the expectations of economists who had predicted a smaller increase of 0.1%.