PRESS DIGEST- Financial Times - Aug 30

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Britishvolt's gigafactory plan hit by surging energy costs https://on.ft.com/3AWuKKV - UK's Truss faces backlash over 'regressive' plans to cut VAT https://on.ft.com/3wDXqFU

- Shell chief warns Europe's energy crisis will last more than one winter https://on.ft.com/3cswCBK Overview

- UK's Britishvolt will not deliver batteries from a planned 3.8 billion pound gigafactory for another three years as soaring energy costs hamper the project, its co-founder has said. - British foreign secretary Liz Truss, the frontrunner to succeed Boris Johnson as prime minister, was facing a backlash on Monday for what critics called "regressive" proposals by her allies for a big cut in VAT intended to tackle inflation and ease the cost of living crisis.

- Shell Chief Executive Officer Ben van Beurden has warned that Europe may need to ration access to energy for several years as the crisis confronting the region is likely to last more than one winter. (Compiled by Bengaluru newsroom)