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Gloomy news for the UK economy leads every front page. The Financial Times says Britain faces a protracted recession with the worst squeeze on living standards for more than 60 years following the Bank’s move to raise interest rates. It says the economic downturn is to last 15 months with inflation set to hit 13%, and says the outlook is worse than for the US and EU.

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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