FirstFT: Sunak to commit to fiscal discipline in Budget

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Finance Minister Rishi Sunak will claim he was successful Moved the economy Throughout today’s Covid-19 crisis, we have announced a budget that combines new commitments to fiscal discipline with additional spending on essential public services and measures to address the living cost crisis.

Snacks show that the UK economy is growing faster than expected this year, giving the economy significant financial room for operation, not as serious as the long-term Covid-19 “scars” feared. Swing around the new official forecast.

According to the government, the upgraded forecast allows the prime minister to trumpet investment in priorities such as the NHS, local transportation, and support for “left-behind” areas on a third budget, while billing and energy. We can help families facing rising costs in the winter. insider.

But improved forecasts by the UK’s fiscal oversight agency will secure billions of pounds of “rainy day funding” in case rising interest rates or a surge in the Covid case keep financial plans off the ground. can also do.

  • opinion: In order for Boris Johnson to fulfill its promise to “level up,” many areas of post-industrialization need to be improved, including: Workington, A port city in northwestern England.

Thank you for reading FirstFT Europe / Africa.This is the rest of today’s news — Gary

5 more stories in the news

1.1. “Meme” coins are trying to take advantage of the cryptocurrency epidemic Digital token named after Elon Musk dog We have launched an advertising campaign on the public transport system in London. The “Missed Doge?” Slogan “Get Floki” has appeared in the basement of a “tax” funded campaign for new buyers.

Froki ads are posted on train stations, trains and buses in the British capital © Anna Gordon for the Financial Times

2.2. Gazprom offered Moldova a gas deal in exchange for weak EU relations Russia’s state-owned gas company is the former Soviet Republic Coordinate free trade agreements Block and delay energy market reforms have been agreed with Brussels in exchange for cheaper gas for the country.

3. Price increases are a headache for Biden to Italy The president of the United States Discuss energy prices At the G20 summit in Rome this weekend, rising costs of motor fuel and heating put pressure on his administration.

4.4. Big tech revenue Posted by both Google’s parent company Alphabet and Microsoft Strong earnings growth In the third quarter, Twitter lost money as three US tech companies announced results.

5. Spanish train drivers look to the English Channel Spanish national railway company Renfe Is considering the operation of a new high-speed rail link between London and Paris. This is a move that competes directly with Eurostar.

Coronavirus digest

Do you support increased mask wear?Please tell me the latest information vote..

The day before

UK budget day Today’s Budget Day headliner is a speech by Minister of Finance Rishi Sunak. FT provides full coverage.. The government is expected to announce an integrated rail program showing how important projects such as High Speed ​​2, Northern Powerhouse Rails, and Midlands Engines will be phased and connected.

Next stage of Global banking rules European Commission Reveal the plan Implement the last part of the Basel Reform Package.

FT launches “Working It” podcast Join host Isabel Berwick every Wednesday Expert analysis Water coolers talk about anticipatory trends, big ideas that shape today’s work, and old habits that we need to keep.

Singapore relaxes travel restrictions in the region From today, most travelers from Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka You can enter Singapore and travel.. City-states will also relax restrictions from other countries, including Malaysia and Indonesia. (The Straits Times)

What else are you reading

Facebook after whistleblower The company Faced with criticism From his own staff that the culture of “growing at all sacrifices” is damaging individuals and society. Can Mark Zuckerberg restart social networks?

Long distance to achieve sustainable goals The global aviation industry has promised to reach net zero flight by 2050, “Sustainable fuel” Rare is at the heart of that strategy. By that deadline, the projected 450 billion liter requirement is more than 4,000 times the current world production.

A billion liter column chart showing the sustainable aviation fuel needed under Iata's Net Zero 2050 plan

Not all green jobs are safe and clean In the decarbonizing world economy, metals have the potential to become new oil. Regulators must be aware that some work related to economic greening, including the mining of cobalt to drive clean energy technology, is dirty, dangerous and in need of reform. Sarah O’Connor insists..

When persecution becomes personal Turkish President Recep Tayyip Erdogan has receded from his threat to expel ambassadors from 10 countries seeking the release of detained civil society leader Osman Kavala.But his anger at the west Hurt his country, David Gardner writes.

President Recep Tayyip Erdogan

Turkish leaders said his foreign critics would not release “thieves, murderers, terrorists” in their own country © via REUTERS

We need to keep an eye on home surveillance The United States is about the same as China Penetration of security cameras per person, According to a pre-pandemic survey by IHS Markit. However, city surveillance accounts for only 3 percent of the total network. The rest are installed by businesses and individuals, Elaine Moore writes. Amazon’s ring doorbell is just the beginning.

Sporting goods

Whether you’re hitting the pavement or carving a break, check for the latest information Sporting goods For action and adventure.

World Champion Surfer

World Champion Surfer John John Florence on Piselle Surfboards © Getty Images

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