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Daniel Werfel, former Commissioner of the US Internal Revenue Service, joined Caroline Hepker and Lizzy Burden on Bloomberg Radio as the UK's tax authority undertakes a major digital overhaul. HMRC is aiming to move most customer interactions online by 2030, while updating legacy systems and exploring the use of AI. Werfel, now with Public Digital, which is advising HMRC, discussed the challenges of delivering large-scale government transformation, as well as concerns around AI, data protection and the security of sensitive public sector systems.

Danish Prime Minister Mette Frederiksen's party won a closely contested election, setting the stage for difficult coalition talks to secure a third term in power. The premier's Social Democrats emerged as the biggest party with 21.9% of the parliamentary vote after all ballots were preliminarily counted. The election was dominated by foreign and security policy in light of US President Donald Trump's designs for Greenland. Bloomberg's Sara Sjolin reports.

The Reserve Bank of Australia raised its key interest rate for a second straight meeting on Tuesday. The central bank's nine-member policy committee split five-to-four in favor of raising the cash rate to 4.1% from 3.85% in its first back-to-back hike since mid-2023. Bloomberg's Mark Cranfield breaks down the situation.

Chancellor Friedrich Merz's ruling coalition faces a key vote in parliament on a pension bill. A group of about 18 younger lawmakers from his own party has rebelled against the bill, which is due to go to a final ballot in the Bundestag at around 12:30 p.m. in Berlin. The move threatens to wipe out the coalition's majority of just 12 seats and deal another blow to Merz's credibility. Bloomberg's Oliver Crook reports.