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Chancellor Rishi Sunak is planning to use next month’s Budget to introduce new rules to rein in government borrowing, according to the Financial Times. The paper says it comes amid Treasury fears that any rise in interest rates could blow a hole in the heavily-indebted public finances. Mr Sunak’s new rules will commit him to stop borrowing to fund day-to-day spending within three years.

Financial Times Front Page 27th of December 2024

The Russian military has been accused of shooting down an Azerbaijani passenger aircraft, sparking controversy and tension as Western nations, including the UK and US, challenge Kremlin denials and highlight the incident’s potential breach of international security.

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Financial Times Front Page 23rd of December 2024

Nick Candy has pledged to help Reform UK disrupt the political landscape by supporting policies aimed at reducing the influence of established parties, with plans to introduce a law on fair donations and the backing of affluent supporters, positioning the party as a formidable force in upcoming elections.

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