Bloomberg Daybreak: Europe Edition Reeves Pushes UK Restraint, France Targets Wealthy, Sensational Ryder Cup
Sep 29, 2025
Tara Patel, a Bloomberg wealth reporter based in Paris, dives into France's fiscal landscape as the government targets the wealthy for increased revenue. She discusses various wealth tax proposals, from broad levies to specific measures targeting holding companies. Patel also examines the political dynamics surrounding Prime Minister Lecornu, who faces pressure to navigate a delicate budgetary situation while balancing support from different political factions. Expect insights into how these strategies could reshape France's economy as the 2026 budget approaches!
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Starmer Frames Fight Against Populism
- Keir Starmer frames his political survival as central to defeating populism and preserving Britain's future direction.
- Rachel Reeves faces a fiscal gap of at least £20bn forcing tax-rise planning while defending fiscal prudence.
Tougher Conditions For Settled Status
- The government will tighten settled-status rules by requiring migrants to 'earn the right' through contributions before indefinite leave to remain.
- Conditions will include work, benefit restrictions and other contributions to limit easy access to welfare.
Employers Hide Pay As Wage Pressure Falls
- Fewer UK job postings disclose pay, dropping to 56% in August and signaling falling pressure on employers to raise wages.
- Analysts interpret pay opacity as a sign the labour market is weakening and wage competition easing.