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And the Financial Times reports that the cost of servicing the UK’s debt and paying its welfare bill is set to soar by £50bn in the next financial year because of rising inflation and interest rates. The paper says the additional payments will “leave the new Tory leader hoping tax revenues remain strong” at a time when the Bank of England is expecting the economy to fall into recession.

Financial Times Front Page 3rd of December 2024

NATO’s secretary-general has warned that a suboptimal peace agreement imposed on Kyiv could pose a significant threat to the security of the United States, emphasising the importance of a steadfast and strategic approach in supporting Ukraine against Russian aggression.

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