Financial Times Front Page 19th of August 2022
Insiders told the Financial Times that if Liz Truss wins the election, she wants to review City regulators’ roles as part of a “wider war on technocrats”.
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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 18th of August 2022
Financial Times reports that UK inflation hit double-digits in July for the first time in over 40 years as food and energy costs soar.
Financial Times Front Page 17th of August 2022
The main story in the Financial Times discusses record wage drops, which signal a higher cost of living for households.
Financial Times Front Page 16th of August 2022
A COVID lockdown and a property crisis are battering China’s economy, according to the Financial Times.