Financial Times

The Bank of England has backed away from an immediate interest rate rise and left its benchmark at the historic low of 0.1%, despite publishing its highest inflation forecast in a decade, the Financial Times reports.

In the US, the Federal Reserve has said it will begin scaling back its $120bn monthly bond-buying programme this month, according to the front page of the Financial Times. 

Jes Staley is stepping down as the chief executive of Barclays following an investigation into the way he described his relationship with Jeffrey Epstein, reports the Financial Times. 

Boris Johnson has warned there is “a huge way still to go” at the COP26 climate summit, after G20 leaders agreed to stop financing coal power, reports the Financial Times. 

China and India’s rejection of calls to set tough new climate targets ahead of COP26 is the lead story in the Financial Times.

Chancellor Rishi Sunak will “pump money into public services” as he backs the prime minister on public spending, the broadsheet reports.

Britain is set to reboot its nuclear energy programme with a new funding model as ministers seek to shut out Chinese companies and bring in new investors, the Financial Times reports.