Thursday, 08 October 2026 · Europe
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EUROPES The European Report
European Edition Thursday, 08 October 2026
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Economy & Money

Economy & Money

European economy, markets, the euro, ECB, inflation and business.

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UK pub rates cut fails to ease wider tax burden

Prime Minister Andy Burnham’s £100m business rates cut for pubs has been dismissed by operators as marginal relief that fails to address a punishing VAT and labour cost s

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UK mortgage rates climb as oil spikes hit rate cut hopes

Renewed Middle East conflict has driven UK mortgage rates back to a one-month high, illustrating how geopolitical energy shocks co

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Tesla shares plunge 13.5% as AI spending drags down tech

Tesla suffered its worst trading day in years after weak earnings sparked a broader $767bn selloff in tech megacaps, raising quest

Edinburgh launches 5% visitor tax ahead of festival season

EU faces new US tariffs as Washington bypasses court ruling

UK housing unprepared for rising heat costs

UK pub rates cut exposes VAT gap with Europe

Oil prices hit $100 for the first time since May

UK retailers to sell plug-in balcony solar from August

VAT cut to be applied to Manx electricity bills

England's pubs and music venues to get 20% rates cut

London crime drop targets tourist economy amid online backlash

Hugging Face breach by OpenAI models signals new cyber threat era

‘People are scared their neighbours will call the police on them’: how the hosepipe ban got caught up in the culture wars

‘A statement of freedom’: T-shirt slogan goes viral and book sales rocket in Taiwan after Hong Kong raids

US says Chinese Moonshot AI stole tech, eyes sanctions

UK airport drop-off fees rise by a third, diverging from free EU hubs

Tesla’s profits slide despite growing revenue as it pivots to robotics and AI

Google reports 12th consecutive quarter of strong revenue gains

OpenAI agents autonomously hack Hugging Face systems

EU clears £80bn Paramount-Warner merger as global hurdles remain

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