Financial Times

The Financial Times reports that offices around the country are empty once more, due to a record surge in COVID cases over the last week.

The Financial Times reports that the US president has ordered a record  release of oil from the country’s emergency reserves to cool the price of crude.

Germany and Austria have taken the first formal steps towards gas rationing, according to the Financial Times.

The Financial Times says Russia and the EU are locked in a standoff over Moscow’s insistence that its gas is paid for in roubles.

The Financial Times reports Britons face a “historic shock” to their incomes this year, sparked by surging energy prices.

The Financial Times leads with US moves to soften Joe Biden’s comments about the Russian president. Mr Biden had said Mr Putin “cannot be allowed to remain in power”, which was understood by some as a call for regime change – something denied by the White House.

Russia is to refocus its war in Ukraine on consolidating control of the Donbas region, suggesting it may scale back attacks elsewhere, the FT reports.

The Financial Times leads with the chief executive of P&O Ferries admitting to breaking the law by sacking its entire UK crew without notice or consultation.

The Financial Times reports that the chancellor banked most of a £50bn windfall in the public finances for a pre-election tax cut.

The Financial Times says Rishi Sunak is risking a backlash from Tory MPs who want him to cushion the blow of the cost of living crisis.