The Labour Welsh government has lost a vote in the Senedd, after opposition members joined together to attack the UK government's Budget. The vote was on a motion, written by the Conservatives and backed by Plaid Cymru, which accused Sir Keir Starmer's government of failing to deliver for Wales.

The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and which reflected record tariff revenues offset by a shift of some November benefit payments into last month's data,

Alongside them are currency traders, who buy and sell the pound based on how they view the UK’s economic outlook. Their decisions feed directly into the value of sterling. A third group are equity investors, who assess how tax and spending changes will influence the profitability of companies listed on the stock market.

Cryptocurrency holders have been warned after Budget 2025 reiterates that crypto platforms will start recording the gains made on these assets.

Sánchez’s struggle to govern isn’t always so serendipitous. Among examples, a measure to raise taxes for energy companies was later reversed by lawmakers and a punitive levy on foreign home buyers that could have driven higher revenue still hasn’t materialized.