Financial Times

The Federal Reserve lowered its growth outlook and held interest rates steady, attributing the slowdown to heightened trade pressures and caution in the economy.

Reeves will intensify efforts to tighten public expenditure next week, maintaining a strategy of budget constraints that includes a £5bn reduction in welfare.

A prominent financier has been barred from City positions and penalised for alleged impropriety, yet he intends to contest the ruling through an appeal.

Starmer has announced a sweeping overhaul of the health system, returning greater authority to Whitehall with backing from the BMA and Tories, prompting debate on funding and leadership.

The US administration has introduced 50% tariffs on Canadian aluminium and steel, driving up metal prices and sparking concern among manufacturers and exporters over potential further disruption to key industrial sectors.

Markets tumbled after the US President refused to dismiss a possible downturn, with banks scrapping optimistic forecasts and major tech firms suffering a steep share price decline.

In a crucial effort to secure renewed backing, the leadership intends to offer limited concessions and fortify ties with key partners overseas, underscoring a strategic pivot that emphasises continued alignment with the PM and the West while bolstering economic and diplomatic footing.

The Fed has sought to reassure markets by highlighting a cautious stance on interest rates despite disappointing employment figures, signalling no immediate move to ease monetary policy.

Brussels reaffirms firm backing for Kyiv in the war, emphasising unity with Britain and the wider West to bolster security and cooperation.

Berlin’s planned overhaul of defence expenditure has fuelled market optimism for stronger European growth, driven by the prospect of significant debt limit reforms that mark a historic fiscal pivot.