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The Financial Times reports that the chancellor will cut the tax surcharge on bank profits from 8% to 3% from April 2023. It says the move, which is “an effort to keep the City of London competitive against global rivals in the wake of Brexit”, will be welcomed by the financial sector. But Rishi Sunak could be criticised for doing it “at a time of tight public finances”, it adds.

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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