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Podcast: Bloomberg Daybreak: Europe Edition
Episode: Labour’s High-Tax Gamble, Devastating Hong Kong Fire, Private Equity Resistance
Description: Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Chancellor of the Exchequer Rachel Reeves did enough in her budget to help her and Prime Minister Keir Starmer survive, building back a vital fiscal buffer and expanding welfare.(2) The UK government is expecting a bigger windfall from major reforms to a preferential tax system for wealthy residents, despite a growing number of ultra-rich individuals relocating to other territories.(3) Hong Kong’s deadliest residential fire in decades has killed at least 44 people and left hundreds missing, throwing fr...