EUR News
LAST UPDATE: September 29, 2025
Rachel Reeves signals Budget tax rises, saying ‘world has changed’
Chancellor Reeves indicated that substantial tax increases are likely in her upcoming Budget, citing global conflicts, rising borrowing costs, and downward revisions to productivity forecasts. (Financial Times)
Insight
This marks a shift away from earlier promises and illustrates the tension between political commitments and fiscal realities in a more volatile global environment.
UK’s Reeves says she wants only one full budget assessment a year
Reeves expressed support for reducing the number of full fiscal forecasts by the OBR from two to one, arguing it would enhance stability and reduce policy uncertainty. (Reuters)
Insight
This change could streamline fiscal policymaking, but also raises questions about accountability and transparency of projections.
Moldova Chooses Pro-EU Majority in Face of Russian Interference
Moldova’s election delivered a pro-EU majority despite intense pressure and interference from Russia.
Insight
The result strengthens Moldova’s European orientation and signals diminishing Russian influence in its neighborhood.
Moldova chose Europe over Russia in key election, say EU leaders
EU leaders welcomed Moldova’s election outcome as a clear choice for European integration over Russian alignment.
Insight
The strong message from the electorate could recalibrate policy leverage and deepen EU–Moldova ties.
SNB and ECB Assess Joining Up Their Instant Payment Systems
The Swiss National Bank and the ECB are exploring a linkage between Switzerland’s SIC instant payment system and the Eurosystem’s TIPS to facilitate cross-border payments. (Reuters)
Insight
If feasible, the integration could reduce friction and cost in international payments, especially between Switzerland and eurozone economies.
Swedish central bank done with easing after cut, minutes of meeting show
The Riksbank’s meeting minutes indicate that after its September cut (from 2.00 % to 1.75 %), the central bank believes its easing cycle is likely over. (Reuters)
Insight
Markets will now shift focus to whether and when the Riksbank begins raising rates, rather than cutting further.
