Rachel Reeves will change the UK’s fiscal rules in her upcoming Budget to allow for up to £50bn of extra borrowing for infrastructure projects, such as roads and railways, over Labour’s term in power. Despite the change, the Budget is still expected to include cuts to public services and tax rises, with potential areas of focus being pensions, inheritance tax, and capital gains tax. Additionally, Labour plans to add VAT to private school fees in 2025 to fund more teachers in the state sector.
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Wave (WVE) Q2 Revenue Drops 56%
Wave Life Sciences (NASDAQ:WVE) reported disappointing Q2 2025 earnings, with revenue of $8.7 million falling short of the $13.2 million forecast and a loss per share of $0.31 versus the anticipated $0.28. Despite a 55.8% year-over-year revenue decline and increased operating expenses, the company made progress in its RNA-based medicine pipeline using its proprietary PRISM platform. Want More Context? 🔎
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