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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 7th of November 2024

Donald Trump has achieved a significant political comeback by defeating Kamala Harris in the presidential election, raising questions about the future of America’s democracy and international alliances, while global markets react to concerns over tariffs.

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