UK Watchdog Faces Call for Bold Action

Financial Times highlights include UK business minister's call for the competition regulator to take more risks, UK's fiscal watchdog's likely stance on growth, Heathrow's expansion tied to air travel reform, and a UK trader's legal victory against extradition to the US.

The UK's business minister, Jonathan Reynolds, is set to urge the competition regulator to take more risks, following a leadership reshuffle. This move comes amid tension over expected credit for pro-growth reforms.

The government faces calls for significant reforms to air travel regulations, crucial for pushing the third runway project at Heathrow to fruition, according to CEO Thomas Woldbye.

Meanwhile, securities trader Joseph El-Khouri has emerged victorious in a legal battle against extradition to the United States on insider trading charges, as ruled by the UK Supreme Court.