The Financial Times says the collapse of Debenhams “sends tremors” through traditional bricks and mortar retail.

Mortgage approvals hit their highest level since 2007 after a “mad stampede” to buy houses before the end of the stamp duty holiday, according to the Financial Times.

The Financial Times reports the EU will call on the US to form a new global alliance as it hopes to bury the tensions of the Trump era. 

Philip Green’s Arcadia is preparing to enter administration, putting hundreds of shops and more than 13,000 jobs at risk, the Financial Times reports.