UK's Bold Moves: Youth Visa Deals and Water Infrastructure Setbacks

The UK's potential post-Brexit youth visa scheme with the EU, an investigation into Universal Music Group's massive acquisition, a grim warning on Britain's water infrastructure, and a top Goldman Sachs banker's departure due to tax changes are highlighted in Financial Times' top stories.

In a significant move post-Brexit, Britain is making strides toward a youth visa scheme agreement with the European Union. This development reflects the ongoing efforts to redefine international relations following the UK's exit from the EU.

The European Commission is poised to investigate the Universal Music Group's planned $775 million acquisition of Downtown Music. The concern centers around the potential for market dominance, which could give the largest player in the music industry too much influence.

Meanwhile, Britain's water infrastructure faces scrutiny as the public spending watchdog warns of a looming need for £290 billion in investment over the next 25 years to meet government targets. However, criticisms are mounting over the lack of a coherent delivery plan.

Additionally, Richard Gnodde, a top Goldman Sachs banker, is set to leave the UK after the government rescinded favorable tax policies for non-domiciled residents, highlighting the broader implications of tax reforms on high-profile professionals.

(With inputs from agencies.)