UK spy agencies have contracted Amazon’s cloud computing arm to host top secret intelligence files, according to the Financial Times. The paper also reports on how Tesla is the first carmaker to hit $1trn in value.
Poland’s prime minister has accused the EU of making demands of his country while holding “a gun to our head”, according to the Financial Times.
The Financial Times leads with a warning from the Bank of England’s new chief economist that inflation is likely to rise “close to or even slightly above five percent” early next year, which comes ahead of a decision on whether to raise interest rates.
Sajid Javid said on 20 October that England is facing its last chance to avoid a return to COVID-19 restrictions, which feature on the front page of the Financial Times.
The Chancellor of the Exchequer Rishi Sunak is set to cut a tax surcharge on bank profits by over 60% in next week’s Budget, the Financial Times are reporting.
The Financial Times lead on a story about Bank of England interest rates, which could increase as soon as November.
The Financial Times leads with a Republican politician in the United States calling China a threat to the “American homeland”. The comments come after Bejing reportedly tested a hypersonic nuclear missile in August, which could breach America’s missile defences.
Some EU member states are pushing for the bloc to adopt retaliatory measures against the UK, sparking fears of a trade war, the Financial Times reports.
