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The Financial Times’ lead story is on Mr Sunak’s £500m package of support, which will be targeted at those leaving the furlough scheme and older workers. The paper notes that the announcement comes as the government tries to tackle the acute labour shortages which have hit some sectors following Brexit. Mr Johnson has refused to plug the holes in the labour market by boosting immigration, the paper adds, with the PM instead saying the economy is undergoing a “period of adjustment”.

Financial Times Front Page 5th of February 2026

Security officials warn a hostile state’s spacecraft has intercepted European satellite signals, risking exposure of unencrypted command data vital to defence and infrastructure. The UK and allies are pushing rapid encryption upgrades and tighter space monitoring to protect networks.

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Financial Times Front Page 4th of February 2026

Police have opened a criminal inquiry into Lord Mandelson’s dealings with Jeffrey Epstein, examining claims sensitive information was shared while he held government roles. Mandelson has resigned from the Lords. Starmer called the conduct disgraceful and urged full co‑operation.

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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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