Financial Times

The Financial Times reports that “stratospheric” wholesale gas and power prices are threatening a “national crisis”, according to energy companies.

Boris Johnson faced opposition to further COVID restrictions from members of his cabinet, with the chancellor leading the pushback while the health secretary was in favour of new measures, the FT says.

The FT reports on travel restrictions being extended in Europe due to the Omicron variant – with Germany, for example, declaring the UK a “virus variant region”.

The Financial Times leads with the news that the Bank of England has raised interest rates from 0.1% to 0.25% in its first increase for three years.

Today’s record-breaking amount of daily COVID cases is on the front of the Financial Times. 

The Financial Times leads with what it calls a “crushing blow” to Boris Johnson’s authority after almost 100 Tory MPs voted against vaccine passports. 

Ukraine’s defence minister has blamed Germany for blocking the supply of weaponry to Kyiv through NATO – despite US warnings of a possible invasion by Russian forces, the Financial Times reports.

Ukraine’s defence minister has blamed Germany for blocking the supply of weaponry to Kyiv through NATO – despite US warnings of a possible invasion by Russian forces, the Financial Times reports.