Bloomberg Daybreak: Europe Edition Rachel Reeves Denies Lying, Ukraine Talks Edge Forward, Swiss Reject Super-Rich Tax
Dec 1, 2025
Rachel Reeves faces accusations of misleading the public about the UK's fiscal situation as she prepares for a controversial budget. Meanwhile, Prime Minister Keir Starmer pushes to reduce welfare spending amid political struggles. On the international front, US and Ukrainian negotiators make strides toward a peace framework, though no final agreement is reached. Finally, Switzerland turns down a hefty inheritance tax, sparking debates on wealth and emigration. Tune in for insights into these pressing topics!
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Chancellor Rejects Claims She Misled Public
- Rachel Reeves denied misleading the public about pre-budget forecasts despite criticism.
- Public trust fell as polls showed only 21% view the budget as fair.
Peace Talks Show Progress Without Breakthrough
- US and Ukrainian negotiators called their talks productive but gave no final breakthrough.
- The US plans further diplomacy with a visit by Steve Witkoff to Moscow this week.
Swiss Voters Spurn Super-Rich Inheritance Tax
- Switzerland rejected a proposed 50% inheritance tax on ultra-wealthy residents by a large margin.
- The vote eased concerns about wealthy departures and preserved Switzerland's appeal to global rich.