Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. UK retail inflation declined to the lowest level in a year in September as food price growth eased sharply to a single-digit rate, industry data showed on Tuesday. Shop prices rose at an
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A year to the day since Liz Truss’s first Conservative conference as leader imploded over her ill-fated tax cuts, she was back in front of the party faithful beating the drum for giveaways. “Axe the tax,” she told prime minister Rishi Sunak. Last October, Truss was under fire from her cabinet, struggling to contain the
The head of the IMF has backed reforms that could give Beijing more voting power within the fund, warning of “devastation” if her institution remains without adequate financial resources to aid struggling countries. In an interview with the Financial Times, Kristalina Georgieva called for the IMF to better represent changes in the global economy over
Receive free US Treasury bonds updates We’ll send you a myFT Daily Digest email rounding up the latest US Treasury bonds news every morning. US Treasury yields climbed to a new 16-year high on Monday, as a global bond rout resumed following a brief reprieve at the end of last week. The benchmark 10-year Treasury
Receive free Conservative Party UK updates We’ll send you a myFT Daily Digest email rounding up the latest Conservative Party UK news every morning. Jeremy Hunt, UK chancellor, has announced a £1bn plan to squeeze civil service numbers. Hunt told the Conservative party conference in Manchester he would freeze recruitment to the civil service, which
Receive free International Monetary Fund updates We’ll send you a myFT Daily Digest email rounding up the latest International Monetary Fund news every morning. The fiscal cost in effect of tackling climate change could put public debt in large carbon-emitting countries on an “unsustainable” path without a tax on pollution, the IMF has warned. In
Receive free Indian politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Indian politics & policy news every morning. Welcoming Narendra Modi to Washington in June, Joe Biden said: “There’s an overwhelming respect for each other because we’re both democracies.” The joint statement issued by the US and
Receive free Renewable energy updates We’ll send you a myFT Daily Digest email rounding up the latest Renewable energy news every morning. Renewable energy stocks have sold off sharply in recent months, significantly underperforming fossil fuel companies, as higher interest rates take a toll on the sector. The S&P Global Clean Energy Index, which is
America’s shale pioneers have vowed to keep a lid on drilling even if oil hits $100 a barrel, citing a need to maintain capital discipline and what they claim is a “war” on fossil fuels waged by the Biden administration. The price of Brent crude has surged by more than 25 per cent to $95
Receive free John Lewis Partnership PLC updates We’ll send you a myFT Daily Digest email rounding up the latest John Lewis Partnership PLC news every morning. Dame Sharon White will step down as chair of John Lewis and Waitrose in 2025 as part of an “orderly succession process”, just weeks after the retailer warned it
It was not the upbeat start to the Conservatives’ annual conference that Rishi Sunak would have hoped for. As the grassroots gathered in Manchester on Sunday, the Tories’ favourite mayor declared that he would not bet on the party winning the general election, while future leadership contenders were accused of jostling for position. Lord Ben
Ireland is booming, thanks to the impact of global tech. So you might expect Brendan, the managing director of a US-owned software development and IT centre in the country’s south-east, to be a happy man. Instead he is worried about recruiting and retaining staff in a country whose creaking infrastructure is not keeping pace with
Receive free London fights for its future updates We’ll send you a myFT Daily Digest email rounding up the latest London fights for its future news every morning. King Digital’s 2014 US stock market debut was, the Wall Street Journal wrote, a “dud”. After the shares sank 16 per cent, the paper compiled five charts
Chancellor Jeremy Hunt will attempt to shift attention on Monday from an escalating Conservative conference row over high levels of tax by announcing policies intended to put the Tories on the side of “workers versus shirkers”. Hunt will seek to change the subject at a conference so far dominated by a clamour from senior Tories
Receive free Asia-Pacific economy updates We’ll send you a myFT Daily Digest email rounding up the latest Asia-Pacific economy news every morning. The World Bank has cut its forecast for China’s growth next year and warned that east Asia’s developing economies are set to expand at one of the lowest rates in five decades, as
Receive free Conservative Party UK updates We’ll send you a myFT Daily Digest email rounding up the latest Conservative Party UK news every morning. Chancellor Jeremy Hunt will attempt to shift attention on Monday from an escalating Conservative conference row over high levels of tax by announcing policies intended to put the Tories on the
US president Joe Biden said America would “not walk away” from Ukraine after Congress jettisoned $6bn in aid to avert a government shutdown, even as Republicans tied further funding to the contentious issue of border security. “I want to assure our American allies, the American people and the people in Ukraine that you can count
Receive free UK defence industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK defence industry news every morning. BAE Systems, Britain’s biggest defence contractor, has won a £3.95bn contract to build a new generation of attack submarines as the UK moves ahead with the trilateral Aukus security pact. The
Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. What does the current inflationary upsurge tell us about prospects for inflation in the long run? My focus here will be on the UK. But the broad lesson may be relevant elsewhere: it
Receive free Republican Party US updates We’ll send you a myFT Daily Digest email rounding up the latest Republican Party US news every morning. A hardline Republican lawmaker said he would move to oust Kevin McCarthy, the Speaker of the House of Representatives, next week for working with Democrats to avoid a government shutdown in
Some big anti-Donald Trump Republican donors fear the former US president is building an unassailable lead in the primary campaign, as his party rallies around him in his battle against federal and state prosecutors. Trump leads his closest party rival by roughly 30 points in Iowa, New Hampshire, and South Carolina, according to RealClearPolitics’ polling