The Financial Times leads with the International Monetary Fund (IMF) chief warning the recent banking industry turmoil has increased the risks to financial stability. Speaking at a conference, IMF managing director Kristalina Georgieva said uncertainties in the world economy were “exceptionally high”, the paper reported. The finance sector has been shaken following the collapse of Silicon Valley Bank and the takeover of Credit Suisse.
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.