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In November 2025, UK battery electric vehicle (EV) registrations rose 3.6% year-on-year to 39,965, marking the weakest growth in nearly two years amid a 1.6% overall new car market decline. The government announced a £1.3bn extension of EV purchase grants and £200m for charging infrastructure, while planning a 3p-per-mile EV tax from 2028 to offset lost fuel duty revenue, sparking industry concerns about demand sustainability.
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On 26 November 2025, UK Chancellor Rachel Reeves announced the abolition of the two-child benefit cap, effective April 2026. The policy, introduced by the Conservatives in 2017, limited child tax credits to two children per family and contributed to rising child poverty. The repeal is expected to lift 450,000 children out of poverty, funded by new taxes including a gambling levy and mansion tax.
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Several major retailers released financial updates, revealing resilience in some sectors and challenges in others. Walmart benefits from strong holiday sales, while Kingfisher and AO World raise profit forecasts amid cautious outlooks. Advertising firms face profit downgrades due to economic headwinds. The stories reflect ongoing shifts in consumer behavior and economic pressures.
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Recent developments include US asset managers returning to private markets amid AI-driven valuations, UK regulators proposing a second operator for private company trading platforms, and ongoing reforms to improve liquidity transparency in UK equity markets. These shifts reflect a broader move towards private investments and market transparency.
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Recent reports highlight a growing crisis in early childhood development, with increasing numbers of preschoolers showing delayed speech, social skills, and emotional regulation. Contributing factors include poverty, pandemic effects, excessive screen time, and reduced parental engagement. Policy responses focus on early intervention and increased funding, but challenges remain.
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Former UK Prime Minister Liz Truss has announced a new show claiming to expose the 'deep state' and promote Western values. Polls show minimal public interest and support for her political return, amid ongoing debates about her influence and the show's impact on political discourse.
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A recent report from the UK’s National Energy System Operator warns of a potential gas supply shortfall by 2030-31 if key infrastructure fails, highlighting vulnerabilities in undersea pipelines and the need for mitigation measures amid ongoing energy transition challenges.
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Ofgem has approved £24 billion for energy infrastructure upgrades in the UK, increasing household bills by around £108 by 2031. The investment aims to modernise gas and electricity networks, support renewable energy, and enhance energy security, with expected future savings offsetting initial costs.
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Recent reports highlight concerns over the UK’s military preparedness amid rising threats from Russia and China. Despite government promises to boost defence spending and build new factories, MPs warn that the UK lacks a comprehensive plan to defend itself and its territories, with funding and strategic gaps remaining unaddressed.
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On Nov 26, 2025, UK Finance Minister Rachel Reeves announced over £26 billion in new tax increases, adding to £40 billion raised last year. The budget includes freezing income tax thresholds, a mansion tax, and levies on electric cars amid warnings of slowed economic growth and political challenges for the Labour government elected in 2024.
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Recent articles reveal a leak of the UK budget details before the official announcement, causing market fluctuations and political controversy. The Office for Budget Responsibility (OBR) accidentally published its economic forecast early, contradicting government claims about improved forecasts influencing tax decisions. The incident intensifies scrutiny of government-OBR relations amid ongoing budget debates.
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On December 1-3, 2025, Canada became the first non-EU country to join the EU's €150 billion Security Action for Europe (SAFE) defense initiative, granting Canadian defense firms access to EU-backed loans and reducing reliance on U.S. military procurement. Concurrently, Canada struck an energy and trade deal with Alberta to expand oil exports to Asia via a new pipeline, relaxing federal emissions caps in exchange for stronger carbon pricing and carbon capture projects, despite opposition from British Columbia and Indigenous groups. Canada also restarted stalled trade talks with India aiming to double bilateral trade by 2030.
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The UK government plans to give local authorities in England the power to impose a tourist levy on overnight visitors, aiming to fund local infrastructure. The move follows similar measures in Scotland and Wales, with mixed reactions from industry and political leaders. The consultation runs until February 2026.
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Recent surveys indicate US consumer confidence has fallen to its lowest since April, driven by inflation, labor market concerns, and political uncertainty. Despite delayed official data, Americans report rising prices, especially in food and dining out, impacting spending and economic outlook. The Federal Reserve faces a delicate balancing act ahead of its rate decision.
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The UK government announced a three-year stamp duty exemption on shares in newly listed companies to boost London's competitiveness. The move aims to attract more domestic listings and counteract recent losses to US markets, amid mixed reactions on its potential impact on investment and capital markets.
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Australia's parliament has approved the largest environmental law reforms in 26 years, after negotiations between Labor and the Greens. The laws include establishing a national EPA, tightening land-clearing rules, and blocking fast-tracking of coal and gas projects. The reforms face criticism over scrutiny and implementation, with ongoing political debate.
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Labour's chancellor announced a series of tax increases and spending cuts, including ending the two-child benefit cap and introducing a mansion tax. The measures aim to fill a £30bn fiscal gap, raising the tax burden to a record 38% of GDP by 2030, with over 1.7 million earners affected.
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The UK government announced a reduction in the annual cash ISA limit from £20,000 to £12,000 starting April 2027, excluding over-65s. The move aims to promote investment but faces criticism over its potential to discourage savings and increase complexity, with additional reforms to pension schemes and higher taxes on savings income.
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Rachel Reeves faced scrutiny after the early leak of the Office for Budget Responsibility's (OBR) forecast, which predicted slower economic growth and higher inflation. Reeves defended her fiscal approach, emphasizing investment and debt reduction, amid concerns over the leak's impact on market confidence and political stability.
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Prime Minister Keir Starmer defended his government's record on public finances amid criticism of a £26 billion tax hike. He emphasized fairness and the need for revenue to fund public services, while Labour's policies on child poverty and welfare reform remain central to the debate. The story is current as of Tue, 02 Dec 2025.
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Rachel Reeves announced a £26bn tax increase to fund public services, despite conflicting forecasts from the OBR suggesting a smaller fiscal gap. She emphasized protecting investment in infrastructure and denied that working-age people bear the main burden. Political tensions and market concerns surround the budget's impact.
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UK manufacturing PMI rose to 50.2 in November, the first expansion since September 2024, driven by domestic demand and larger firms. Business optimism hit a nine-month high, though employment and smaller firms still face contraction. The data suggests a cautious recovery amid mixed economic signals.
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Recent surveys show UK business confidence remains low following the government's November budget, which included £26bn in tax hikes. Firms expect reduced investment and hiring, citing increased costs and economic uncertainty. Analysts warn growth prospects are weakening amid cautious consumer spending.
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Bank of England's Greene signals potential rate cuts if economic weakness persists, citing weak employment and consumption data. Markets expect a rate cut to 3.75% by end-2025 amid mixed economic signals, with inflation and wage growth key factors.