International - Financial Times - Credit Squeeze

Minutes from central bank’s October meeting also reveal policymaker concern over financial stability risks spilling over from US

Free Lunch readers diagnose the country’s industrial problems

Also in today’s newsletter, Trump vows to crack down on immigrants after Washington shooting and JPMorgan unveils plans for new London office

Read the central bank’s November forecast from the FT’s Monetary Policy Radar team

Backlash over role played in talks by executives from companies including Rolex and Richemont

Global transactions of $10bn or more hit 63 as Trump deregulation and fading trade war risks spur M&A blitz

Employment declined and half of US districts noted weaker labour demand

OBR sounds alarm on special needs and sickness spending

Cap on national insurance relief set to raise £4.7bn in 2029-30 and £2.6bn in 2030-31

UK government decides to spend first and tax later

Martin Wolf and Paul Krugman take a measure of the US economy – and democracy

Europe’s biggest economy needs more structural reforms for return to growth over medium term

Also in today’s newsletter, crypto-hoarders dump tokens and Taiwan boosts defence spending

Central bank says ‘negative surprises’, including worries over Fed independence, could trigger market correction

The Eurozone’s former problem child is now borrowing more cheaply than much of the continent

Europe has nothing to offer and difficult decisions to make

Entrenched positions and consensus nature of UN climate talks slow down progress, says Corrêa do Lago

Americans are unhappy with the cost of living, with inflation higher than the month before the president retook office

Chancellor takes steps to cushion cost of living but is set to extend a ‘stealth tax’ by freezing personal tax thresholds

Consumer confidence drops to second-lowest level since pandemic as inflation lingers