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PRESS DIGEST- Financial Times - November 27

ReutersNov 27, 2025 12:32 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Rachel Reeves' budget raises UK tax take to all-time high

- Online gambling operators hit with steep tax rises

- Fiscal watchdog under scrutiny after budget day errors

- Energy system operator warns of UK gas shortage risk in 2030s

Overview

- British finance minister Rachel Reeves announced a big tax-raising budget on Wednesday that will take more money from workers, people saving for a pension and investors to give herself greater room to meet her deficit-reduction targets.

- Britain finance minister Rachel Reeves hit online gambling operators with steep tax rises but spared high street betting shops and fruit machines, sparking some relief for a sector that was braced for the worst ahead of the budget.

- Britain's fiscal watchdog apologised for publishing details of Rachel Reeves' budget early on Wednesday, a blunder that stole the finance minister's chance to reset the political narrative after months of leaks and speculation about her plans.

- Britain's energy operator said on Wednesday that gas will remain critical for energy security into the next decade and warned of potential shortfalls on the coldest days.

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