FT – ‘Energy groups seek emergency support’
Summary of Today's Paper
FT – ‘Energy groups seek emergency support’
The Financial Times reports that the UK’s largest energy suppliers are requesting a multibillion-pound emergency support package from the government to help them survive the crisis sparked by gas prices.
Today's Headlines
More than 240 die as Air India flight crashes in Gujarat following take-off
More than 240 die as Air India flight crashes in Gujarat following take-off The FT has a different take, looking at the pressure on Boeing. The paper calls it the worst aviation disaster in more than a decade. It is the first crash of that model of plane since it entered service in 2011 – it comes as Boeing is trying to “rebuild trust” following two previous crashes in 2018 and 2019. Read a full summary
Reeves launches £113bn ‘renewal’ push
The FT says the NHS, defence and education are the winners from the review but the Home Office, Foreign Office and Culture Department face a “squeeze”.
Reeves puts £39bn affordable homes drive at heart of bid to ‘renew Britain’
The chancellor will release £39bn for affordable housing, saying the money is “the biggest boost to social and affordable housing in a generation.”
LA protests: Governor set to sue Trump
LA protests: Governor set to sue Trump The FT reports on the LA protesters as California Governor Gavin Newsom says he will sue Donald Trump for sending in the National Guard to deal with the protests. The paper also reports that hedge funds are circling several French companies facing “painful restructurings” as they struggle with high levels of debt.
Yusuf exits Farage’s party: Reform blow
The Financial Times say Reform UK chair Zia Yusuf has resigned from Nigel Farage’s populist party after criticising comments by one of its MPs about burkas, saying that he no longer believes the role is a “good use of my time”.
Thames Water on brink as KKR scraps £4bn rescue effort amid political fears
The FT leads with the news the US investor has backed out of rescuing Thames Water over fears of political meddling.
