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Finally, the Financial Times’ lead story is a report into the People’s Bank of China which has asked lenders to rein in credit supply. The move signals a change in Beijing’s priorities, focusing on regulatory scrutiny to control credit risks rather than boosting economic growth, the FT says. It comes as a surge of lending renewed concerns over asset bubbles and financial stability, the paper adds.

Financial Times Front Page 24th of July 2024

Ministers may need to put Britain’s high-speed rail plans on hold as a result of significant cost overruns and delays, highlighting broader economic challenges and budgetary constraints, compounded by warnings about the NHS reaching a critical point and potential future reductions in transport capacity.

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