Bloomberg Daybreak: Europe Edition BOE Set To Hold Rates, US Court Questions Tariffs, EU Rethinks ESG Rules
Nov 6, 2025
Valdis Dombrovskis, the European Commission's Economy Commissioner, discusses the EU's approach to ESG rules and concerns from international partners. Lizzie Burden, Bloomberg's UK correspondent, analyzes the Bank of England's potential rate hold and its implications for fiscal policy. Rosalyn Matheson, Bloomberg's chief Asia correspondent, highlights skepticism from the U.S. Supreme Court regarding Trump's global tariffs and the strategic competition over critical minerals. These insights delve into crucial economic policies shaping Europe and beyond.
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BOE Poised To Hold Rates
- The Bank of England is expected to hold rates at 4% in a tight decision that could split the MPC 6-3.
- The BOE will wait for the November budget before committing to further cuts and policy direction.
Avoid 'Death By A Thousand Taxes'
- Avoid stacking small tax rises that collectively harm business competitiveness, per the CBI warning.
- Prioritize policies that boost skills, infrastructure, and exports instead of incremental levies.
Supreme Court Questions Tariff Power
- The US Supreme Court showed scepticism about Trump's global tariffs, hinting at limits on his authority.
- A ruling against the administration could force refunds and blunt tariffs' effectiveness as a trade tool.