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The resignations from Boris Johnson’s government come after he admitted he knew of sexual misconduct allegations against MP Chris Pincher before promoting him to deputy chief whip. Tory MPs have also told the Financial Times the prime minister told them he was more likely to propose early tax cuts now that Mr Sunak had gone. The paper notes markets will be watching what the change in chancellor will mean for economic policy, including the possibility of a looser fiscal regime that could force the Bank of England to raise interest rates.

Financial Times Front Page 5th of February 2026

Security officials warn a hostile state’s spacecraft has intercepted European satellite signals, risking exposure of unencrypted command data vital to defence and infrastructure. The UK and allies are pushing rapid encryption upgrades and tighter space monitoring to protect networks.

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Financial Times Front Page 4th of February 2026

Police have opened a criminal inquiry into Lord Mandelson’s dealings with Jeffrey Epstein, examining claims sensitive information was shared while he held government roles. Mandelson has resigned from the Lords. Starmer called the conduct disgraceful and urged full co‑operation.

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Financial Times Front Page 2nd of February 2026

Emails reveal Peter Mandelson advised Jeffrey Epstein that JPMorgan should pressure the UK over the 2009 bankers’ bonus tax, urging contact with the chancellor. He says he sought to protect jobs and investment. Labour is under pressure to address the revelations.

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