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The World in Brief from The Economist

Britain’s £26bn tax rise; Hong Kong fire, and more

The World in Brief from The Economist

The Economist

Global News, Daily News, News, News & Politics

4.11.2K Ratings

🗓️ 27 November 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Britain’s chancellor, Rachel Reeves, announced tax rises worth £26bn ($34.3bn) over five years.

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Transcript

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0:00.0

Hello, you're listening to the free edition of the world in brief from The Economist.

0:11.2

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.1

If you're already an Economist subscriber,

0:22.6

visit Economist.com slash espresso or visit our Espresso app to start listening. Here's today's

0:29.5

free edition.

0:35.0

This is the world in brief from The Economist.

0:42.0

Our top stories.

0:45.0

Britain's Chancellor, Rachel Reeves, announced tax rises worth £26 billion or $34.3 billion over five years.

0:55.1

Measures include a freeze on income tax thresholds and a levy on homes worth over £2 million.

1:02.6

Ms. Reeves said this will allow the government to stick to its fiscal rules.

1:07.6

Britain's economic watchdog released details of the budget before the announcement, by accident,

1:13.5

embarrassing the government and sending bond yields yo-yoing.

1:18.7

At least 44 people died in a fire that tore through seven high-rise apartment blocks in Hong Kong.

1:26.5

Another 45 were in critical condition. 279 were still missing.

1:32.9

The cause of the fire is unknown, but the towers were undergoing renovations and so clad in

1:38.6

green netting and bamboo scaffolding. Police arrested three men from the construction company on suspicion of manslaughter.

1:48.6

Donald Trump described the shooting of two members of the West Virginia National Guard near the

1:54.4

White House as an act of terror. The guardsmen are in critical condition. America's president said the shooter is believed to have arrived in the country from Afghanistan in 2021.

2:07.7

His administration requested an emergency stay on a federal judge's order to remove, quote, unlawful national guardsmen from the city.

2:18.6

Taiwan announced plans for an additional $40 billion in defense spending.

2:24.3

Lai Ching-The, the president, said China had increased military drills and, quote, gray zone harassment

2:31.1

and strengthened its campaign of, quote, infiltration and influence.

...

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