Close Menu

Financial Times - Bank of England consider urgent reform of deposit guarantee scheme

Summary of the front page

The lead story on the front page of the Financial Times says the Bank of England is considering “urgent” reforms to its deposit guarantee scheme following turmoil in the sector last month caused by the collapse of US lender Silicon Valley Bank, which saw billions withdrawn from the firm’s UK entity. 


The paper’s lead image shows smoke rising above the Sudanese capital, Khartoum, after the death toll there rose following a second day of fighting between the army and a rival paramilitary group. Another article on the paper’s front page says that China’s trillion-dollar Belt and Road Initiative has been hit by “spiralling bad loans”.

Today's top stories

Transwomen are not women, court rules

Transwomen are not women, court rules

Almost all of the UK newspaper front pages today lead with the landmark ruling that transwomen are not women and instead a woman is defined by biological sex. The ruling will now see huge changes to public and private sector gender guidance.

The UK Supreme Court yesterday ruled that the legal definition of a woman is based on biological sex. The judges say the “concept of sex is binary”, while cautioning that the landmark ruling should not be seen as a victory of one side over another. The court added, transgender people still have legal protections from discrimination.

Like this article?

Leave a comment