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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 22nd of April 2025

China has cautioned that it will respond forcefully against any government deepening ties with the US, insisting its own strategic interests must be safeguarded and hinting at countermeasures should isolationist policies prevail, while the PM stays firmly set on cooperation with Western partners.

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