The Treasury is preparing for a mini-budget in March due to rising borrowing costs, placing Chancellor Rachel Reeves in a challenging position regarding potential tax increases or public service cuts, as economic stability reassurances are provided to bond markets amidst financial constraints.

Rachel Reeves is confronted with the challenge of addressing potential tax increases or cuts to public services due to the UK’s rising borrowing costs, as economists warn of a precarious fiscal environment heightened by global tensions and increased defence spending.

Major social media companies are pushing back against new UK and EU online safety regulations, with leading figures like Zuckerberg and Musk criticising the measures as hindrances to free speech and pledging to ease restrictions despite concerns over potential online risks.

The NHS plans to reduce waiting lists by transferring around 2.5 million patients to private hospitals for treatment, in response to mounting pressure to improve healthcare service delivery.