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
US and Japan plan security pact upgrade to resist China
China is the focus in the Financial Times, which leads with reports the US and Japan are planning to bolster their security alliance in a bid to counter what they view as a growing threat from Beijing. A striking image of Moscow’s destroyed Crocus City Hall venue following Friday’s attack also features prominently.
FT – Reeves recalls Brown’s fiscal rule with pledge to borrow only for investment
The Financial Times leads on Rachel Reeves’s pledge to borrow only for investment, echoing fiscal rules set out under the last Labour government. The shadow chancellor said on Tuesday that Labour would follow fiscal rules set by the current Conservative chancellor, Jeremy Hunt.
FT – Deloitte launches biggest shake up in a decade as market slowdown looms
The Financial Times reports on the news that Deloitte, one of the “big four” global accountancy firms, is poised to overhaul its business structure.
Fed will have to keep rates high for longer than markets anticipate, say economists
The FT’s lead story claims the US Federal Reserve will have to keep rates high for longer than markets anticipate, according to economists polled by the newspaper. Fed will have to keep rates high for longer than markets anticipate, say economists FT-Chicago Booth poll suggests bank will make two or fewer cuts this year, with the first between July and September The Federal Reserve will be forced to hold interest rates at a high level
Inflation’s rise to 3.2% challenges Fed stamina for last mile in prices battle
The Financial Times says the news that US inflation unexpectedly rose to 3.2% in February has highlighted the challenge faced by the Federal Reserve in trying to get prices back down.
FT – Biden struggles to win voter credit as Americans feel happier on the economy
The splash story of the FT centres on a fresh poll showing challenges facing US President Joe Biden as his re-election campaign gears up. Americans are increasingly happy about the economy but reluctant to give credit to Joe Biden, according to a new poll.