The Financial Times leads with Chancellor Jeremy Hunt admitting corporate taxes were too high – which, the paper notes, acknowledges a “backlash” against the decision to raise corporation tax from 19% to 25% this month. Mr Hunt and Prime Minister Rishi Sunak were addressing corporate leaders at a Business Connect event where bosses called for the return of tax breaks on shopping for overseas visitors, the FT says. The paper observes many attendees were positive about the event, but said Mr Sunak needed to follow through with business-friendly policies.