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The UK’s largest energy suppliers are requesting a multibillion-pound emergency support package from the government to help them survive the crisis sparked by high gas prices, the Financial Times reports. The paper says the proposals would include a “bad bank” to absorb potentially unprofitable customers from failing rivals.

Financial Times Front Page 22nd of October 2021

The Financial Times leads with a warning from the Bank of England’s new chief economist that inflation is likely to rise “close to or even slightly above five percent” early next year, which comes ahead of a decision on whether to raise interest rates.

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