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The Financial Times looks ahead to the economic statement expected from Chancellor Rishi Sunak next week, reporting that he has told Tory MPs not to expect big tax cuts to boost the economy. Instead the paper says the chancellor will focus on averting job losses, after the prime minister confirmed the government would phase out the furlough scheme by October.

Financial Times Front Page 16th of January 2025

The recent announcement of a truce between Israel and Hamas, brokered by the US and Qatar, pauses the ongoing conflict to allow negotiations, though Israeli Prime Minister Netanyahu cautions that the agreement is not yet finalized, urging continued vigilance in the diplomatic efforts.

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