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But the Financial Times reports that North Sea oil and gas firms are angry about the “small print” of the chancellor’s announcement, which will see the 25% windfall tax remain until December 2025, unless prices return to more normal levels in the meantime. BP warns it will need to look at the impact of the tax on its North Sea investment plans, the FT says.

Financial Times Front Page 6th of February 2026

Keir Starmer apologised to victims of Jeffrey Epstein amid scrutiny of links to Peter Mandelson. He said Mandelson would continue advising him, despite concern from some Labour MPs. Questions grew over security vetting and access, with calls for transparency as officials delayed releasing related files.

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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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