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The Financial Times leads with comments from the International Monetary Fund (IMF), which has said that most advanced economies that can borrow freely will not need to plan for austerity to restore the health of their public finances after the pandemic – a reversal of its advice a decade ago. However, Vitor Gaspar, head of fiscal policy at the fund, has told the paper that countries with only limited access to financial markets will need to be much more careful with their fiscal strategies.

Financial Times Front Page 14th of January 2026

Donald Trump pledged support for demonstrators in Iran, saying assistance is coming and urging them to document abuses. Washington signalled potential action while keeping the door open to talks. Tehran said it was prepared for any escalation but maintained willingness for dialogue.

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Financial Times Front Page 13th of January 2026

Former Fed chairs condemned a federal probe into Jerome Powell, warning it risks undermining central bank independence. Economists echoed the rebuke and flagged concerns over potential pressure on rate-setting. Donald Trump said he had no knowledge of the inquiry.

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Financial Times Front Page 12th of January 2026

Brussels is seeking a “Farage clause” in a Brexit reset: any new UK–EU pact would include a financial penalty if a future government withdraws, including under pressure from Reform. The aim is a durable framework for trade and cooperation, reducing the scope for repeated renegotiation.

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