PRESS DIGEST- Financial Times - Sept 26

Headlines - UK's Kwarteng doubles down on tax cuts as Tories brace for investors' verdict https://on.ft.com/3SAImkX - UK ministers review post-Brexit green subsidy plan for farmers https://on.ft.com/3LGsDij - Liz Truss's chief of staff is being paid via private lobbying firm https://on.ft.com/3r5p0bZ - Energy group Ovo warned of financial peril before UK government help https://on.ft.com/3LJvN4O - UAE agrees LNG deal with Germany as Berlin looks to replace Russian gas https://on.ft.com/3xRllCm Overview - British finance minister Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, leaving Conservative MPs and traders braced for further market turbulence.


Reuters | Updated: 26-09-2022 05:19 IST | Created: 26-09-2022 05:19 IST
PRESS DIGEST- Financial Times - Sept 26

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

- UK's Kwarteng doubles down on tax cuts as Tories brace for investors' verdict https://on.ft.com/3SAImkX - UK ministers review post-Brexit green subsidy plan for farmers https://on.ft.com/3LGsDij

- Liz Truss's chief of staff is being paid via private lobbying firm https://on.ft.com/3r5p0bZ - Energy group Ovo warned of financial peril before UK government help https://on.ft.com/3LJvN4O

- UAE agrees LNG deal with Germany as Berlin looks to replace Russian gas https://on.ft.com/3xRllCm Overview

- British finance minister Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, leaving Conservative MPs and traders braced for further market turbulence. - UK ministers are reviewing plans for the rollout of England's post-Brexit farm subsidy scheme as Liz Truss's administration seeks ways to boost economic growth and retain the rural vote.

- Liz Truss' chief of staff, Mark Fullbrook, is being paid a salary through a third-party consultancy, the Cabinet Office confirmed on Sunday, in a highly unusual arrangement for a government special adviser. - Ovo Group, the owner of the Britain's third-largest energy supplier, feared breaching its financial covenants in the months before the government announced unprecedented support for British households and businesses to pay soaring energy bills.

- The United Arab Emirates has agreed a deal to supply liquefied natural gas to Germany as chancellor Olaf Scholz visited the Gulf state as part of a regional tour seeking to drum up alternatives to Russian energy. (Compiled by Bengaluru newsroom)

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

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