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    Home » Hong Kong Fire Kills Dozens & Reeves’ High-Tax Gamble | Daybreak Europe 11/27/2025

    Hong Kong Fire Kills Dozens & Reeves’ High-Tax Gamble | Daybreak Europe 11/27/2025

    webmasterBy webmasterNovember 27, 2025 News 3 Mins Read
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    Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

    On today’s show, UK Chancellor Rachel Reeves did enough in her budget to help her and Prime Minister Keir Starmer survive, with markets also responding positively. Reeves boosted her fiscal buffer to £22 billion, with tax rises totaling £26 billion. Documents from the official forecaster showed continued spending pressures, particularly on welfare.

    At least 44 people have been killed and hundreds are still missing in what is Hong Kong’s worst residential fire in more than a century. Three people have been arrested in connection with the fire at a high-rise complex.

    Two US national guard troops have been critically wounded in a shooting just blocks from the White House.
    Officials say a gunman was taken into custody after another Guardsman returned fire and moved in to stop him.

    Today’s guests: Jackie Bowie, Managing Partner and EMEA Head at Chatham Financial & Harry Stebbings, 20VC Founder

    Chapters:
    00:00:00 – Daybreak Europe
    00:02:35 – Global stocks close to erasing November losses
    00:05:56 – UK Chancellor Reeves raises UK taxes by £26B in budget day
    00:14:06 – JPMorgan to Build New UK Headquarters in London’s Canary Wharf
    00:16:09 – Hong Kong arrest three people over high-rise fire
    00:19:39 – Thursday top stories
    00:20:48 – Pentagon letter says Chinese tech majors aid its military
    00:24:13 – Thursday headlines
    00:24:55 – Remy Cointreau Confident of Return to Growth After Profit Drops
    00:27:33 – Reeves: Borrowing as share of GDP is falling
    00:31:12 – Jackie Bowie, Managing Partner and EMEA Head at Chatham Financial
    00:36:54 – Thursday top stories
    00:38:33 – Harry Stebbings, 20VC Founder
    00:45:25 – Charts of the day
    ——–
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