Bloomberg Daybreak: Europe Edition
Rachel Reeves Denies Lying, Ukraine Talks Edge Forward, Swiss Reject Super-Rich Tax
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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Rachel Reeves denied misleading the British public about the state of the UK’s public finances ahead of her budget, as she faced ongoing criticism over her messaging in the run-up to Wednesday’s £26 billion package of tax hikes.
(2) Prime Minister Keir Starmer said he’ll make a renewed push to curb UK welfare spending, as he vies to revive his ailing premiership and sell a budget which was poorly received by voters.
(3) US and Ukrainian negotiators said they had productive discussions about a framework for a peace deal, but there was no final breakthrough as President Donald Trump continues to push for a truce with Russia.
(4) President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.
(5) Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.
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