Financial Times – Starmer U-turn slashes £28bn yearly green spending promise to £4.7bn 

The front page of the business paper The Financial Times reports on Sir Keir Starmer’s U-turn on green pledges. The Labour leader has confirmed that if his party is elected to power at the next general election (expected later this year) they will slash the green spending plan due to ‘frail finances’ after 13 years of Conservative power. 

The paper’s main image is of Lava flowing onto a road in Iceland – the paper says it is the nation’s third volcanic eruption since December. 

Elsewhere, the front page reports on shares in UK chip designer ARM skyrocketing by as much as 60% as ‘AI chips supercharges revenue.’