ECG Signals Interest Rate Cuts, Sunak's Pensioner Tax Cut, Starling's Massive Valuation Projection

The European Central Bank plans to cut interest rates soon, as affirmed by its chief economist. Prime Minister Rishi Sunak will introduce a £2.4 billion pensioner tax cut to appeal to older voters ahead of the July election. Starling Bank aims for a £10 billion valuation driven by its global software rollout.

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

- European Central Bank is ready to start cutting interest rates, says chief economist - Sunak unveils 2.4 bln stg pensioner tax cut in bid to stabilise election campaign

- Starling investor targets 10 bln stg valuation for digital lender Overview

- The European Central Bank has sent clear signal that it is ready to start cutting interest rates from next week, as chief economist Philip Lane brushed off fears that doing so before the U.S. Federal Reserve could backfire. - British Prime Minister Rishi Sunak will on Tuesday announce a 2.4 billion pound ($3.07 billion) tax cut for pensioners, in a move highlighting the importance of older voters in the upcoming July election.

- British digital bank Starling could fetch a valuation of close to 10 billion pounds ($12.78 billion) within the next few years as it rolls out its banking software globally for lucrative fees, according to investment trust Chrysalis, the bank's second-largest backer. ($1 = 0.7828 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)