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Meanwhile, the government is considering offering bailout loans to debt-laden companies owned by private equity groups, the Financial Times reports. The move is an attempt to rescue a swath of the British High Street, which has seen the loss of hundreds of jobs because of the impact of lockdown restrictions caused by the pandemic. Citing four people involved in the process, the paper says the Business, Energy and Industrial Strategy department wants to help private equity-backed groups that employ large numbers of people, such as Pizza Express, Prezzo and Merlin, the owner of Legoland. Under European Union rules, however, companies whose losses exceed 50% of their share capital are ineligible for government support.

Financial Times Front Page 2nd of February 2026

Emails reveal Peter Mandelson advised Jeffrey Epstein that JPMorgan should pressure the UK over the 2009 bankers’ bonus tax, urging contact with the chancellor. He says he sought to protect jobs and investment. Labour is under pressure to address the revelations.

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Financial Times Front Page 31st of January 2026

Donald Trump nominated Kevin Warsh to lead the Fed, signalling a firmer stance on inflation. Markets backed the dollar and trimmed expectations of rapid rate cuts. US yields rose while gold fell as investors priced in steadier policy and renewed questions over central bank independence.

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Financial Times Front Page 30th of January 2026

US immigration agencies under the Trump administration have awarded about $22bn in contracts since July, with Palantir and Deloitte among winners. ICE’s spending has doubled, and donor-linked Fisher Sand & Gravel has gained about $6bn. Deals cover tech, detention and logistics services.

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