PRESS DIGEST- Financial Times - Sept 26
Headlines - UK's Kwarteng doubles down on tax cuts as Tories brace for investors' verdict https://on.ft.com/3SAImkX - UK ministers review post-Brexit green subsidy plan for farmers https://on.ft.com/3LGsDij - Liz Truss's chief of staff is being paid via private lobbying firm https://on.ft.com/3r5p0bZ - Energy group Ovo warned of financial peril before UK government help https://on.ft.com/3LJvN4O - UAE agrees LNG deal with Germany as Berlin looks to replace Russian gas https://on.ft.com/3xRllCm Overview - British finance minister Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, leaving Conservative MPs and traders braced for further market turbulence.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- UK's Kwarteng doubles down on tax cuts as Tories brace for investors' verdict https://on.ft.com/3SAImkX - UK ministers review post-Brexit green subsidy plan for farmers https://on.ft.com/3LGsDij
- Liz Truss's chief of staff is being paid via private lobbying firm https://on.ft.com/3r5p0bZ - Energy group Ovo warned of financial peril before UK government help https://on.ft.com/3LJvN4O
- UAE agrees LNG deal with Germany as Berlin looks to replace Russian gas https://on.ft.com/3xRllCm Overview
- British finance minister Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, leaving Conservative MPs and traders braced for further market turbulence. - UK ministers are reviewing plans for the rollout of England's post-Brexit farm subsidy scheme as Liz Truss's administration seeks ways to boost economic growth and retain the rural vote.
- Liz Truss' chief of staff, Mark Fullbrook, is being paid a salary through a third-party consultancy, the Cabinet Office confirmed on Sunday, in a highly unusual arrangement for a government special adviser. - Ovo Group, the owner of the Britain's third-largest energy supplier, feared breaching its financial covenants in the months before the government announced unprecedented support for British households and businesses to pay soaring energy bills.
- The United Arab Emirates has agreed a deal to supply liquefied natural gas to Germany as chancellor Olaf Scholz visited the Gulf state as part of a regional tour seeking to drum up alternatives to Russian energy. (Compiled by Bengaluru newsroom)
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