5 important things happening in the UK today
Here are 5 important things happening in the UK today – 27 May 2025.
- Nearly 50 people were injured after a car ploughed into a crowd at Liverpool FC’s victory parade on Monday evening. A 53-year-old British man believed to be the vehicle’s driver was arrested at the scene of the collision. [The Guardian]
- The government is promising more training for under-21s in England, as it presses ahead with controversial plans to scrap funding for postgraduate apprenticeships. Only students under the age of 21 will qualify for funding for level 7 apprenticeships – the highest level, considered equivalent to a master’s degree – under the plans. [BBC]
- A global bond market sell-off sparked by US debt fears has put fresh pressure on UK Chancellor Rachel Reeves and her self-imposed fiscal rules. With UK economic growth still sluggish, investors have warned that Reeves will need to cut public spending further or raise taxes again to meet her rule to balance day-to-day spending with revenues by 2029-30. [Financial Times]
- HSBC has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses. As part of the sweeping changes, the London-based bank is combining macro strategy across asset classes including foreign exchange and fixed income. [Bloomberg]
- On Tuesday, Oil was trading slightly lower at $64.60 a barrel. The pound was trading at £1.36 to the dollar, £1.19 to the euro and £9.77 to the yuan.
