2025-06-28
Financial Times Front Page 28th of June 2025
Starmer faces a £4.25bn shortfall following a policy reversal, prompting concerns over potential tax rises and the impact on investor confidence.
Starmer faces a £4.25bn shortfall following a policy reversal, prompting concerns over potential tax rises and the impact on investor confidence.
Starmer has conceded ground on proposed welfare cuts to avoid a damaging Labour split, aiming to unite the party through a compromise amid anger over forceful government tactics.
NATO allies have pledged to bolster defence spending, committing to a 5% target by 2035 and reaffirming unity among Western nations, including firm backing for Britain, as attention to the war in Ukraine shows signs of easing.
Trump has openly criticised Israel and Iran, demanding a return to calm as tensions over missile attacks and diplomatic stalemates strain the fragile ceasefire in the Middle East.
Tehran launched missiles at a major US military base in Qatar, apparently in retaliation for earlier bombing, prompting evacuations and sparking concerns over wider regional escalation.
Massive US air strikes targeted key nuclear sites in Iran, prompting Washington to claim a strategic success as Tehran warned of severe repercussions for what it deemed an unacceptable escalation.
A major US finance group is providing a multibillion-pound loan to support the latest nuclear power station, bridging significant funding gaps and addressing cost overruns in a move that reinforces the UK’s energy capabilities.
In a move described as time-sensitive, the US signalled openness to new talks with Iran, while European representatives met Tehran’s minister to explore potential nuclear concessions within a two-week timeframe.
Growing US unease has sparked warnings about Britain’s reliance on a Chinese wind turbine supplier, prompting debate over espionage risks, diplomatic ties with Beijing, and the extent of government oversight.
The US President demanded that a Middle Eastern nation submit to his terms, while indicating space for external involvement and prompting fresh missile exchanges and cautious optimism among those monitoring escalating regional frictions.