London Daily
Focus on the big picture.
Tuesday, Dec 02, 2025
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Head of UK Budget Watchdog Resigns After Premature Leak of Reeves’ Budget Report
Chair steps down after independent review calls OBR’s release of budget forecasts “worst failure” in its history
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Car-sharing giant Zipcar to exit UK market by end of 2025
Zipcar will suspend new UK bookings from December 31 while it consults on closing its British operations
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Reports of Widespread Drone Deployment Raise Privacy and Security Questions in the UK
Allegations that hundreds of surveillance drones are prowling British skies spark calls for clarity on scale, oversight and purpose
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Putin Accuses Europe of Sabotaging Ukraine Peace Effort as US Envoys Meet in Moscow
The path to peace lies in genuine compromise: safeguards for Ukraine from Russian advances, and for Russia from NATO expansion. Only such reciprocity could turn fragile diplomacy into a lasting ceasefire.
If you have a gmail account now is the time to check your settings. AI may be reading all of your emails and publicly profiling you based on your own private and confidential data
China is living in the future…
Lamborghini SUV Crashes onto Bus-Stop Shelter in Icy Conditions
A 19-year-old driver lost control of a Lamborghini Urus in winter weather, causing a dramatic incident with minimal injuries reported.
John Williams' Aston Martin Vantage DB5, the iconic James Bond car, has been restored after decades, marking its first drive in 40 years
Swedes March to Honor National History and Advocate Sovereign Borders
Hundreds gather in Stockholm for a torch-lit procession to commemorate King Charles XII and express opposition to open border policies.
Bitcoin Rebounds After Selloff
Stocks rose, a day after a selloff in risky assets. Bitcoin recovered some ground, moving above $90,000.
Dell Donates $6.25 Billion to ‘Trump Accounts’ for Children
Michael Dell’s donation will seed tax-deferred investment accounts for roughly 25 million American children.
Former Honduran President Walks Out of Prison After Trump Pardon
Juan Orlando Hernández, serving a 45-year sentence for drug trafficking, is released as Honduras faces a nearly tied presidential election.
OpenAI Declares ‘Code Red’ as Google Threatens AI Lead
Sam Altman told employees they must focus on improving the quality of ChatGPT, delaying other products.
UK Signals Security Concerns Over China While Pursuing Stronger Trade Links
Prime Minister Keir Starmer warns of national-security risks from China but urges British businesses to expand commercial engagement where safe
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"If Brussels wants illegal migrants, Brussels can have them."
Hungary REJECTS the European Union Migration
UK Agreeing 25 % NHS Drug Price Rise to Seal Zero-Tariff Deal with US
Landmark agreement will exempt UK pharmaceuticals from US import taxes while increasing NHS spending on new medicines by a quarter
Google warns of AI “irrationality” just as Gemini 3 launch rattles markets
Alphabet unveils Gemini 3 while CEO cautions the AI investment boom may contain bubble-like excess
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Quote of the Day
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Top Consultancies Freeze Starting Salaries as AI Threatens ‘Pyramid’ Model
McKinsey, BCG, Bain and others hold graduate pay flat amid AI-driven restructure of consulting staffing
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Macron Says Washington Pressuring EU to Delay Enforcement of Digital-Regulation Probes Against Meta, TikTok and X
French president accuses the United States of leveraging trade talks to blunt enforcement of the Digital Services Act and Digital Markets Act in Europe.
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UK Pushes to Rejoin EU’s Erasmus+ by 2027 as Part of Post-Brexit Reset
London aims to finalise an agreement by January to restore student mobility with Europe following collapse of defence talks
NIH Awards US$11 Million to University of Kentucky to Launch Major Diabetes Prevention Programme
New five-year funding establishes UK Diabetes Prevention COBRE to lead efforts against high pre-diabetes rates across Kentucky
UK Agrees to Pay More for Medicines in Exchange for US Zero-Tariff Exemption on Pharma Exports
London accepts higher NHS drug prices and looser cost controls to safeguard British pharmaceutical exports from looming U.S. tariffs
US and UK Strike Three-Year Zero-Tariff Deal on British Medicines
London agrees to boost NHS drug spending in return for Washington exempting UK pharmaceutical exports from import taxes
PM Viktor Orban at Weltwoche: Migration is a concept of changing society. It is the replacement of native-born voters.
UK’s DragonFire Laser Downs High-Speed Drones as £316m Deal Speeds Naval Deployment
Breakthrough trials show the directed-energy weapon striking 650-km/h drones with precision as the Royal Navy prepares for shipboard integration
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UK Chancellor Rejects Claims She Misled Public on Fiscal Outlook Ahead of Budget
Rachel Reeves defends her warnings on limited fiscal headroom as opposition accuses her of using pessimistic forecasts to justify tax rises
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Starmer Defends Autumn Budget as Finance Chief Faces Accusations of Misleading Public Finances
UK Prime Minister Readies Defence After Chancellor Rachel Reeves Is Accused of Overstating the Fiscal Crisis to Justify £26 billion in Tax Rises. But why should anyone expect honesty from her when she answers to Starmer? How can the shad...
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Head of UK fiscal watchdog quits after Budget leak
Richard Hughes resigns as chair of the Office for Budget Responsibility following premature release of Budget report
Revolut did not tell UK regulators CEO was listed as UAE resident
Regulators say Revolut failed to inform them before its CEO’s residency switch to the UAE appeared in corporate filings
EU Firms Struggle with 3,000-Hour Paperwork Load — While Automakers Fear De Facto 2030 Petrol Car Ban
Heavy bureaucracy derails green fund access as auto industry braces for strict CO₂ rules that function as a petrol-vehicle ban from 2030
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Met Office Issues Amber “Danger to Life” Warning as Heavy Rain Batters UK
South Wales and neighbouring regions face up to 120 mm of rain, with flooding and travel disruption likely through early week
UK Services Sector Confidence Plunges at Fastest Pace in Three Years, CBI Warns
Profit pressures and recent tax increases dent morale across British service firms ahead of festive season
UK Universities Quietly Adopt Generative AI to Assess Research Quality, Report Finds
National study reveals growing but uneven use of AI in REF preparation and calls for urgent governance and sector-wide standards
Starmer Unveils Economic Growth Mission Following £26 Billion Tax-Rise Budget
UK prime minister outlines plans to cut regulation, lower business costs and expand workforce participation as Labour seeks to regain political momentum
UK Services Optimism Falls at Fastest Pace in Three Years, CBI Warns
Business confidence plunges as rising costs and new tax measures tighten pressure on Britain’s services sector
Illegal Weight-Loss Drugs Sold in UK Under Cover of Strong Trustpilot Ratings, Regulators Warn
Unlicensed injectables like retatrutide and tirzepatide are being marketed online by firms with high review scores despite seizure-and-ban efforts
UK Security Concerns Rise as Foreign Office Moves to Scrap Conflict and Refugee Crisis Unit
Closure of crucial directorate within Foreign, Commonwealth and Development Office within restructuring sparks alarm over loss of expertise amid global instability
Founder of Swiss Right-to-Die Charity Ends His Life at Own Clinic Days Before Turning 93
Ludwig Minelli, founder of Dignitas, chose voluntary assisted dying at his own facility; organisation vows to continue his legacy.
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
New White House webpage names major news organisations and journalists as “fake-news offenders,” sparking criticism. It is not clear why such a website — which is essentially journalism about journalism — is being treated as a threat, as...
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UK Budget’s New EV Mileage Tax Undercuts Case for Plug-In Hybrids
Rather than incentives, new measures impose per-mile charges and higher luxury-vehicle levies on electric and hybrid drivers
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UK Government Launches National Inquiry into ‘Grooming Gangs’ After US Warning and Rising Public Outcry
State Department’s call for scrutiny and victims’ resignations accelerate London’s move to investigate decades-long abuse by organised grooming networks
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Taylor Swift Extends U.K. Chart Reign as ‘The Fate of Ophelia’ Hits Six Weeks at No. 1
Swift’s latest single secures a sixth non-consecutive week atop the Official Singles Chart, marking her longest U.K. run since ‘Anti-Hero’.
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Swiss Voters Overwhelmingly Reject 50 % Inheritance Tax for the Super-Rich
Referendum fails as over four-fifths of voters oppose sweeping federal levy on estates above CHF 50 million
Morgan Stanley and Goldman Sachs lead a 232% surge in Hong Kong equity deals as Chinese issuers flood the market
Western banks dominate underwriting as Hong Kong re-emerges as Asia’s equity capital hub in 2025
Equinix Chief Predicts Data-Center Expansion, AI Demand and Power Innovation to Drive Growth
Adaire Fox-Martin outlines how colocation, interconnection and sustainability will shape the future of the global Internet backbone.
MIT report: AI can already replace nearly 12% of the U.S. workforce
Artificial intelligence is now advanced and cheap enough to perform work equal to nearly 12% of U.S. jobs, according to a new MIT study—news that’s likely further to intensify pressure on employers, workers, and policymakers to prepare f...
UK Picks Anglesey for Nation’s First Small Modular Reactors, Launching Major Nuclear Revival
Wylfa site on Anglesey chosen for three Rolls-Royce SMRs, with up to eight units planned and power generation targeted by mid-2030s
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Head of UK Budget Watchdog Resigns After Premature Leak of Reeves’ Budget Report
Car-sharing giant Zipcar to exit UK market by end of 2025
Reports of Widespread Drone Deployment Raise Privacy and Security Questions in the UK
UK Signals Security Concerns Over China While Pursuing Stronger Trade Links
Google warns of AI “irrationality” just as Gemini 3 launch rattles markets
Top Consultancies Freeze Starting Salaries as AI Threatens ‘Pyramid’ Model
Macron Says Washington Pressuring EU to Delay Enforcement of Digital-Regulation Probes Against Meta, TikTok and X
UK’s DragonFire Laser Downs High-Speed Drones as £316m Deal Speeds Naval Deployment
UK Chancellor Rejects Claims She Misled Public on Fiscal Outlook Ahead of Budget
Starmer Defends Autumn Budget as Finance Chief Faces Accusations of Misleading Public Finances
EU Firms Struggle with 3,000-Hour Paperwork Load — While Automakers Fear De Facto 2030 Petrol Car Ban
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
UK Budget’s New EV Mileage Tax Undercuts Case for Plug-In Hybrids
UK Government Launches National Inquiry into ‘Grooming Gangs’ After US Warning and Rising Public Outcry
Taylor Swift Extends U.K. Chart Reign as ‘The Fate of Ophelia’ Hits Six Weeks at No. 1
250 Still Missing in the Massive Fire, 94 Killed. One Day After the Disaster: Survivor Rescued on the 16th Floor
Trump: National Guard Soldier Who Was Shot in Washington Has Died; Second Soldier Fighting for His Life
UK Chancellor Reeves Defends Tax Rises as Essential to Reduce Child Poverty and Stabilise Public Finances
No Evidence Found for Claim That UK Schools Are Shifting to Teaching American English
European Powers Urge Israel to Halt West Bank Settler Violence Amid Surge in Attacks
"I Would Have Given Her a Kidney": She Lent Bezos’s Ex-Wife $1,000 — and Received Millions in Return
European States Approve First-ever Military-Grade Surveillance Network via ESA
UK to Slash Key Pension Tax Perk, Targeting High Earners Under New Budget
UK Government Announces £150 Annual Cut to Household Energy Bills Through Levy Reforms
UK Court Hears Challenge to Ban on Palestine Action as Critics Decry Heavy-Handed Measures
Investors Rush Into UK Gilts and Sterling After Budget Eases Fiscal Concerns
UK to Raise Online Betting Taxes by £1.1 Billion Under New Budget — Firms Warn of Fallout
Lamine Yamal? The ‘Heir to Messi’ Lost to Barcelona — and the Kingdom Is in a Frenzy
Warner Music Group Drops Suit Against Suno, Launches Licensed AI-Music Deal
HP to Cut up to 6,000 Jobs Globally as It Ramps Up AI Integration
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
UK Prime Minister Sir Keir Starmer Promises ‘Full-Time’ Education for All Children as School Attendance Slips
UK Extends Sugar Tax to Sweetened Milkshakes and Lattes in 2028 Health Push
UK Government Backs £49 Billion Plan for Heathrow Third Runway and Expansion
UK Gambling Firms Report £1bn Surge in Annual Profits as Pressure Mounts for Higher Betting Taxes
UK Shares Advance Ahead of Budget as Financials and Consumer Staples Lead Gains
Domino’s UK CEO Andrew Rennie Steps Down Amid Strategic Reset
UK Economy Stalls as Reeves Faces First Budget Test
UK Economy’s Weak Start Adds Pressure on Prime Minister Starmer
UK Government Acknowledges Billionaire Exodus Amid Tax Rise Concerns
UK Budget 2025: Markets Brace as Chancellor Faces Fiscal Tightrope
UK Unveils Strategic Plan to Secure Critical Mineral Supply Chains
UK Taskforce Calls for Radical Reset of Nuclear Regulation to Cut Costs and Accelerate Build
UK Government Launches Consultation on Major Overhaul of Settlement Rules
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
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