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North Sea drilling restrictions to be relaxed in new Labour plan
Plans to relax restrictions on new oil and gas drilling in the North Sea will be unveiled on Wednesday under the government’s North Sea Strategy. Chancellor Rachel Reeves will announce the publication of the strategy as part of her Budget speech, the BBC understands. The Department for Energy Security and Net Zero will release a…
Kent uniform bank now helping working families and professionals
A food bank that offers free school uniforms has said that full time and self-employed professionals are among those relying on its support. The Community Cupboard in Kent has begun offering pre-loved school uniforms to local families during the school holidays. The volunteer-run service provides food supplies and support to families struggling to make ends…
Energy price cap rises slightly as temperatures fall
Kevin PeacheyCost of living correspondent Getty Images Energy bills are rising for millions of households in England, Scotland and Wales as the new year begins, after Ofgem raised its price cap slightly. Prices for those on variable tariffs are rising by 0.2% from now, the equivalent to a £3 annual increase for a household using…
Global dealmaking hits $4.5tn in second-best year on record
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global dealmaking topped $4tn this year for the first time since the boom of 2021, as a record number of megadeals lifted investment banking fees to their second-highest level ever. A total of 68 deals…
Trade deal: India and EU announce FTA amid Trump tariff tensions
Abhishek Dey and Arunoday Mukharji in India and Jessica Parker in Brussels EPA/Shutterstock (From left) European Council President António Costa, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in Delhi on Tuesday The European Union and India have announced a landmark trade deal after nearly two decades of on-off talks,…
