CINXE.COM
Business: News, comments & analysis - The Telegraph
<!DOCTYPE html> <html lang="en" class="indexRendererHTML no-js"> <head> <meta charset="UTF-8"/> <meta name="viewport" content="width=device-width, initial-scale=1, user-scalable=yes"/> <meta name="apple-itunes-app" content="app-id=388947468"/> <title>Business: News, comments & analysis - The Telegraph</title> <script defer="defer" type="text/javascript" src="/.rum/@adobe/helix-rum-js@%5E2/dist/rum-standalone.js"></script> <link rel="dns-prefetch" href="//polyfill-fastly.io"/> <link rel="dns-prefetch" href="//static.telegraph.co.uk"/> <link rel="dns-prefetch" href="//assets.adobedtm.com"/> <link rel="dns-prefetch" href="//experience.tinypass.com"/> <link rel="dns-prefetch" href="//cdn.petametrics.com"/> <link rel="dns-prefetch" href="//telegraphmedia.bootstrap.fyre.co"/> <link rel="preload" as="font" crossorigin="crossorigin" type="font/woff2" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/fonts/austin-news-uprights-vf-basic-web.woff2"/> <link rel="preload" as="font" crossorigin="crossorigin" type="font/woff2" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/fonts/Telesans-Text-Web-Regular.woff2"/> <link rel="preload" as="font" crossorigin="crossorigin" type="font/woff2" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/fonts/doric-news-uprights-vf-basic-web.woff2"/> <link rel="shortcut icon" type="image/x-icon" sizes="16x16" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/favicon.ico"/> <!-- Versions for modern browsers --> <link rel="icon" type="image/svg+xml" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/favicon.svg"/> <link rel="icon" sizes="196x196" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/favicon-196x196.png"/> <link rel="apple-touch-icon" sizes="180x180" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/apple-touch-icon-180x180.png"/> <!-- Safari pinned tab icon --> <link rel="mask-icon" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/favicon.svg" color="#333333"/> <meta name="msapplication-TileColor" content="#2c769d"/> <meta name="msapplication-TileImage" content="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/mstile-144x144.png"/> <!--/* IE 11 Tile for Windows 8.1 Start Screen */ --> <meta name="msapplication-tooltip" content="The Telegraph"/> <meta name="msapplication-config" content="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/browserconfig.xml"/> <meta name="msapplication-square310x310logo" content="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/mstile-310x310.png"/> <meta name="msapplication-wide310x150logo" content="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/mstile-310x150.png"/> <meta name="msapplication-square150x150logo" content="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/mstile-150x150.png"/> <meta name="msapplication-square70x70logo" content="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/mstile-70x70.png"/> <meta name="theme-color" content="#ffffff"/> <script>(()=>{"use strict";var e,r={},t={};function o(e){var n=t[e];if(void 0!==n)return n.exports;var i=t[e]={exports:{}};return r[e].call(i.exports,i,i.exports,o),i.exports}o.m=r,e=[],o.O=(r,t,n,i)=>{if(!t){var l=1/0;for(s=0;s<e.length;s++){for(var[t,n,i]=e[s],a=!0,u=0;u<t.length;u++)(!1&i||l>=i)&&Object.keys(o.O).every((e=>o.O[e](t[u])))?t.splice(u--,1):(a=!1,i<l&&(l=i));if(a){e.splice(s--,1);var f=n();void 0!==f&&(r=f)}}return r}i=i||0;for(var s=e.length;s>0&&e[s-1][2]>i;s--)e[s]=e[s-1];e[s]=[t,n,i]},o.n=e=>{var r=e&&e.__esModule?()=>e.default:()=>e;return o.d(r,{a:r}),r},o.d=(e,r)=>{for(var t in r)o.o(r,t)&&!o.o(e,t)&&Object.defineProperty(e,t,{enumerable:!0,get:r[t]})},o.g=function(){if("object"==typeof globalThis)return globalThis;try{return this||new Function("return this")()}catch(e){if("object"==typeof window)return window}}(),o.o=(e,r)=>Object.prototype.hasOwnProperty.call(e,r),o.r=e=>{"undefined"!=typeof Symbol&&Symbol.toStringTag&&Object.defineProperty(e,Symbol.toStringTag,{value:"Module"}),Object.defineProperty(e,"__esModule",{value:!0})},(()=>{var e={8:0};o.O.j=r=>0===e[r];var r=(r,t)=>{var n,i,[l,a,u]=t,f=0;if(l.some((r=>0!==e[r]))){for(n in a)o.o(a,n)&&(o.m[n]=a[n]);if(u)var s=u(o)}for(r&&r(t);f<l.length;f++)i=l[f],o.o(e,i)&&e[i]&&e[i][0](),e[i]=0;return o.O(s)},t=self["tmg.build"]=self["tmg.build"]||[];t.forEach(r.bind(null,0)),t.push=r.bind(null,t.push.bind(t))})()})();"use strict";(self["tmg.build"]=self["tmg.build"]||[]).push([[886,2,209],{414:(t,e,i)=>{i.d(e,{Z:()=>a});var r=i(453);class s{constructor(t){this.params=Object.assign({accordionSelector:"[data-accordion]",triggerSelector:"[data-accordion-trigger]",contentSelector:"[data-accordion-content]",hideClasses:["accordion--is-collapsed"]},t)}init(){const t=document.querySelectorAll(this.params.accordionSelector);t.length>0&&t.forEach((t=>{this.setTriggerListeners(t)}))}setTriggerListeners(t){let e=t.querySelector(this.params.triggerSelector);e&&e.addEventListener("click",(e=>{const i=t.dataset.accordionAnimate,r=parseInt(t.dataset.accordionMaxScreenWidth);(0===r||window.innerWidth<r)&&(e.preventDefault(),i?this.animateAccordion(t):this.toggleClass(t),this.toggleState(t))}))}toggleClass(t){this.params.hideClasses.forEach((e=>{t.classList.toggle(e)}))}toggleState(t){const e=t.querySelector(this.params.contentSelector);null!==e.getAttribute("aria-hidden")&&e.setAttribute("aria-hidden","false"===e.getAttribute("aria-hidden")?"true":"false");const i=t.querySelector(this.params.triggerSelector);null!==i.getAttribute("aria-expanded")&&(i.setAttribute("aria-expanded","false"===i.getAttribute("aria-expanded")?"true":"false"),this.toggleAccordionFocus(e,i)),null!==i.getAttribute("aria-label")&&i.hasAttribute("toggle-aria-label")&&this.toggleAriaLabel(i)}animateAccordion(t){const e=document.getElementById(t.dataset.accordionAnimate),i=e.clientHeight,r=e.scrollHeight,s=!i,a=e.style.height;if(t.classList.toggle("accordion--animation-collapsed"),e.style.height=(s||!a?r:0)+"px",!a)return t.classList.toggle("accordion--animation-collapsed"),this.animateAccordion(t)}toggleAriaLabel(t){const e=t.getAttribute("aria-label"),i="Show",r="Hide";if(e.startsWith(i)||e.startsWith(r)){const s=e.startsWith(i)?e.replace(i,r):e.replace(r,i);t.setAttribute("aria-label",s)}}toggleAccordionFocus(t,e){"true"===e.getAttribute("aria-expanded")?t.focus():e.focus()}}r.Z.subscribe({topic:"tmg.page.ready",func:()=>{new s({hideClasses:["accordion--is-collapsed","accordion--is-expanded"]}).init()},runIfAlreadyPublished:!0});const a=s},453:(t,e,i)=>{i.d(e,{Z:()=>a});var r=i(384);const s=new class{constructor(){this.topics=[],this.publishedTopics=[],this.UID=-1}subscribe({topic:t,func:e,runIfAlreadyPublished:i}){if("function"!=typeof e)return!1;if(i)for(let i=0;i<this.publishedTopics.length;i++)this.publishedTopics[i]===t&&e.call();const r=(this.UID+=1).toString();return this.topics.push({token:r,topic:t,func:e}),r}unsubscribe({topic:t,token:e}){for(let i=0;i<this.topics.length;i++)this.topics[i].token===e&&this.topics[i].topic===t&&this.topics.splice(i,1)}publish({topic:t}){this.publishedTopics.push(t);for(let e=0;e<this.topics.length;e++)this.topics[e].topic===t&&this.topics[e].func.call()}};r.Z.create("tmg.pubsub"),window.tmg.pubsub=s;const a=s},964:(t,e,i)=>{i.r({});var r=i(414);const s=new class{constructor(t){this.queryParamArray=[t,"debug","martech_debug"]}init(){this.disableConsoleLogs()}disableConsoleLogs(){this.isDebugging()||(console.log=function(){})}isDebugging(){const t=new URLSearchParams(window.location.search);let e;return this.queryParamArray.forEach((i=>{t.get(i)&&(e=i)})),"true"===t.get(e)}};var a=i(453);a.Z.subscribe({topic:"tmg.polyfill.ready",func:()=>{a.Z.publish({topic:"tmg.page.ready"})},runIfAlreadyPublished:!0});var n=i(384);class o{constructor(){n.Z.create("tmg.polyfill"),this.race()}static complete(){window.tmg.polyfill.complete=()=>{},a.Z.publish({topic:"tmg.polyfill.ready"})}race(){return setTimeout((()=>{window.tmg.polyfill.complete()}),3e3)}}new o,window.tmg.polyfill={complete:o.complete};var c=[],l=[],u="RUM_start",g=window.performance||{},d=Date.now?Date.now():+new Date;const m=()=>{if(g){if(g.now)return g.now();if(g.webkitNow)return g.now();if(g.msNow)return g.now();if(g.mozNow)return g.now()}return(Date.now?Date.now():+new Date)-d};function p(t){return function(t,e){for(var i=e.length-1;i>=0;i--){var r=e[i];if(t===r.name)return r}}(t,h())}function h(){if(g){if(g.getEntriesByType)return g.getEntriesByType("mark");if(g.webkitGetEntriesByType)return g.webkitGetEntriesByType("mark")}return c}let f={now:m,mark:function(t){if(g){if(g.mark)return g.mark(t);if(g.webkitMark)return g.webkitMark(t)}c.push({name:t,entryType:"mark",startTime:m(),duration:0})},measure:function(t,e,i){var r=0,s=m();if(void 0===e&&p(u)&&(e=u),g){if(g.measure)return e?i?g.measure(t,e,i):g.measure(t,e):g.measure(t);if(g.webkitMeasure)return g.webkitMeasure(t,e,i)}if(e){var a=p(e);if(a)r=a.startTime;else{if(!(g&&g.timing&&g.timing[e]))return;r=g.timing[e]-g.timing.navigationStart}}if(i){var n=p(i);if(n)s=n.startTime;else{if(!(g&&g.timing&&g.timing[i]))return;s=g.timing[i]-g.timing.navigationStart}}l.push({name:t,entryType:"measure",startTime:r,duration:s-r})},marks:c,measures:l};window.RUM=f,g&&g.timing&&g.timing.navigationStart&&(d=g.timing.navigationStart),window.addEventListener("beforeunload",(function(){var t=function(){var t=document.cookie.match("(^|;)\\s*AMCV_2C7336C753C676BA0A490D4B%40AdobeOrg\\s*=\\s*([^;]+)");return t?decodeURIComponent(t.pop()).split("|")[4]:""}(),e=h();if(t&&"ga"in window)for(var i=e.length-1;i>=0;i--){var r=e[i],s=r.name.split("_"),a=s[0],n=s[1],o=s[2],c=Math.round(r.startTime);a&&n&&o&&c&&ga("send",{hitType:"timing",timingCategory:a,timingVar:n,timingValue:c,timingLabel:o})}}));a.Z.subscribe({topic:"tmg.page.ready",func:()=>{const t="xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx".replace(/[xy]/g,(function(t){var e=16*Math.random()|0;return("x"===t?e:3&e|8).toString(16)}));return void 0!==n.Z&&n.Z.create&&(n.Z.create("tmg.instanceId"),window.tmg.instanceId=t),t},runIfAlreadyPublished:!0}),new class{constructor(t){this.selectorClass=t||"no-js",this.removeClass()}removeClass(){const t=document.querySelector(`.${this.selectorClass}`);t&&t.classList.remove(this.selectorClass)}},n.Z,a.Z,s.init(),r.Z},384:(t,e,i)=>{i.d(e,{Z:()=>s}),window.tmg=window.tmg||{};const r=function(t){try{let e=tmg,i=t.split(".");return"tmg"===i[0]&&(i=i.slice(1)),i.forEach((t=>{void 0===e[t]&&(e[t]={}),e=e[t]})),e}catch(e){console.warn("couldn't create namespace:",t)}};window.tmg.createNamespace=r;const s={create:r}}},t=>{t(t.s=964)}]);</script> <link rel="stylesheet" href="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui.lc-5e9a1fc107e4820df5e48fbcb0d563f3-lc.min.css" type="text/css"> <script> RUM.mark('css_load_ui'); </script> <script src="https://polyfill-fastly.io/v3/polyfill.min.js?flags=gated&features=default,fetch,IntersectionObserver,NodeList.prototype.forEach,Array.prototype.@@iterator&Array.prototype.includes&Array.prototype.find&callback=tmg.polyfill.complete" defer></script> <script> RUM.mark( 'js_load_polyfill' ); </script> <script src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/save-article.lc-a431ed6f3bce48829fd7b58e437fd693-lc.min..js" defer></script> <!-- Load Sourcepoint stub --> <script type="text/javascript"> (function () { var e = false; var c = window; var t = document; function r() { if (!c.frames["__cmpLocator"]) { if (t.body) { var a = t.body; var e = t.createElement("iframe"); e.style.cssText = "display:none"; e.name = "__cmpLocator"; a.appendChild(e) } else { setTimeout(r, 5) } } } r(); function p() { var a = arguments; __cmp.a = __cmp.a || []; if (!a.length) { return __cmp.a } else if (a[0] === "ping") { a[2]({ gdprAppliesGlobally: e, cmpLoaded: false }, true) } else { __cmp.a.push([].slice.apply(a)) } } function l(t) { var r = typeof t.data === "string"; try { var a = r ? JSON.parse(t.data) : t.data; if (a.__cmpCall) { var n = a.__cmpCall; c.__cmp(n.command, n.parameter, function (a, e) { var c = { __cmpReturn: { returnValue: a, success: e, callId: n.callId } }; t.source.postMessage(r ? JSON.stringify(c) : c, "*") }) } } catch (a) { } } if (typeof __cmp !== "function") { c.__cmp = p; __cmp.msgHandler = l; c.addEventListener("message", l, false) } })(); </script> <script src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui.lc-8c1ce5a1c666856405bc24613de3237a-lc.min..js" defer></script> <script> RUM.mark('js_load_ui'); </script> <!-- Load Sourcepoint payload --> <script src="https://static.telegraph.co.uk/telegraph-advertising/tmg-cmp.min.js"></script> <!-- Italic font not required --> <script src="https://cf.eip.telegraph.co.uk/particle-embed/js/particle.js" async></script> <link rel="canonical" href="https://www.telegraph.co.uk/business/"/> <meta name="description" content="Expert guides and analysis for UK and global business. News, tips, updates and advice."/> <meta name="keywords" content="Business"/> <meta name="tmgads.channel" content="business"/> <meta name="tmgads.section" content="business"/> <meta name="tmgads.zone" content="business"/> <meta name="tmgads.articleid" content="AlfqhxDxBGQF"/> <meta name="tmgads.pagetype" content="index"/> <meta name="tmgads.level" content="1"/> <meta name="tmgads.otherdata"/> <meta name="tmgads.geo" content="SG"></meta> <meta name="tmgads.keywords" content="Business"/> <meta name="DCSext.Channel" content="business"/> <meta name="DCSext.Category"/> <meta name="DCSext.Genre"/> <meta name="DCSext.MLC"/> <meta name="DCSext.articleId" content="AlfqhxDxBGQF"/> <meta name="DCSext.Content_Type" content="index"/> <meta name="DCSext.Level" content="1"/> <meta name="DCSext.author"/> <meta name="DCSext.articleFirstPublished" content="2016-02-11 10:31"/> <meta name="DCSext.cf" content="0"></meta> <meta name="DCSext.cd" content="0"></meta> <meta name="DCSext.cn" content="0"></meta> <meta name="DCSext.pd" content="1"></meta> <meta property="og:title" content="Business"/> <meta property="og:description" content="Expert guides and analysis for UK and global business. News, tips, updates and advice."/> <meta property="og:type" content="article"/> <meta property="og:site_name" content="The Telegraph"/> <meta property="og:url" content="https://www.telegraph.co.uk/business/"/> <meta property="og:image" content="https://www.telegraph.co.uk/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/tmg-share-img.svg"/> <meta name="twitter:title" content="Business"/> <meta name="twitter:url" content="https://www.telegraph.co.uk/business/"/> <meta name="twitter:image" content="https://www.telegraph.co.uk/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/core/resources/icons/tmg-share-img.svg"/> <meta name="twitter:site"/> <meta name="twitter:description" content="Expert guides and analysis for UK and global business. News, tips, updates and advice."/> <meta name="twitter:card" content="summary_large_image"/> <meta name="tmgads.businessSegment" content="business"/> <meta name="tmg.sponsor"/> <meta name="DCSext.campaignId"/> <meta name="DCSext.campaignStart"/> <meta name="DCSext.campaignEnd"/> <meta name="DCSext.sponsored" content="false"/> <meta name="tmg.premium.override" content="false"/> <meta name="tmg.premium.state" content="false"/> <meta name="premiumContentOnFirstPublish" content="false"/> <meta property="article:content_tier" content="free"/> <meta property="fb:pages" content="143666524748"/> <meta property="fb:pages" content="1438053159792450"/> <meta property="fb:pages" content="1069269459751990"/> <meta property="fb:pages" content="985629951556153"/> <meta property="fb:pages" content="121391718031592"/> <meta property="fb:pages" content="187451147952038"/> <meta property="fb:pages" content="244632882562393"/> <meta property="fb:pages" content="1443454839014980"/> <meta property="fb:pages" content="551022578388741"/> <meta property="fb:pages" content="534435549980003"/> <meta property="fb:pages" content="751195545009382"/> <meta property="fb:pages" content="116941904987458"/> <meta property="fb:pages" content="285329994977070"/> <meta property="fb:pages" content="122346694516955"/> <meta name="tmg.pt" content="1732376155484"/> <script> window.tmgFacebookAppId = "1785449471702494"; </script> <script> var dataLayer = { pageName:'Business', pageType: 'indexRenderer', pageId: 'AlfqhxDxBGQF', conceptIds: '[]', rollupContentPath: '/business/', videoEmbedded: 'false', videoEmbedCount: '0', premiumContent: 'false', premiumOverride: 'false' }; </script> <script> var targetMboxData = { 'DCSext.Channel': 'business', 'DCSext.Content_Type': 'index', 'DCSext.articleId': 'AlfqhxDxBGQF', 'dl.pageType': 'indexrenderer', 'entity.author': '', 'entity.businessSegment': 'business', 'entity.categoryId': 'business', 'entity.channel': 'business', 'entity.firstPublished': '2016\u002D02\u002D11 10:31', 'entity.id': 'AlfqhxDxBGQF', 'entity.keywords': 'Business', 'entity.name': 'Business: News, comments \x26 analysis', 'entity.pageType': 'index', 'entity.pageURL': '\/business\/', 'entity.premiumContent': 'false', 'entity.thumbnailUrl': 'https:\/\/www.telegraph.co.uk\/etc.clientlibs\/settings\/wcm\/designs\/telegraph\/core\/clientlibs\/core\/resources\/icons\/tmg\u002Dshare\u002Dimg.svg', 'keywords': 'business', 'productPurchasedId': 'AlfqhxDxBGQF', 'tmg.author': '', 'tmg.keywords': 'business', 'tmg.platform': 'aem', 'tmg.premium.override': 'false', 'tmg.premium.state': 'false', 'tmgads.articleid': 'AlfqhxDxBGQF', 'tmgads.businessSegment': 'business', 'tmgads.keywords': 'business', 'tmgads.pagetype': 'index', 'user.categoryId': 'business' }; window.adobeDataLayer = window.adobeDataLayer || []; window.adobeDataLayer.push({ event: 'pageLoaded', web: { webPageDetails: { name: document.location.pathname, server: document.location.hostname, URL: document.location.href, }, webReferrer: { URL: document.referrer } }, _tmg: { pageInfo: { pageName: 'Business: News, comments \x26 analysis', pageType: 'indexRenderer', pageId: 'AlfqhxDxBGQF', conceptIds: '[]', rollupContentPath: '\/business\/', videoEmbedded: 'false', videoEmbedCount: '0', premiumContent: 'false', premiumOverride: 'false', event: ['pageLoaded'] } } }); </script> <meta name="theme-color" content="#072A3A"/> <meta name="msapplication-navbutton-color" content="#072A3A"/> <script> var pageData = {"structure":{"business":{}}}; </script> <meta name="robots" content="max-snippet:-1,max-image-preview:large,max-video-preview:-1"/> <meta name="tmg.app" content="false"/> <meta name="tmg.isAdLite" content="false"/> <!-- Flags for the save-article functionality tmg.isSaveArticleEnabled: Considered the global flag, adds the save js and controls the large horizontal scroll layout. tmg.isTextNumberedHorizontalScrollEnabled: Controls the text-numbered horizontal scroll layout. tmg.isSmallHorizontalScrollEnabled: Controls the small horizontal scroll layout. tmg.isCollectionsCuratedListEnabled: Controls the curated lists layouts, such as single article image, guide links, article lists. tmg.isCollectionsDynamicListEnabled: Controls the dynamic lists layouts, such as single article image, guide links, article lists. --> <meta name="tmg.isSaveArticleEnabled" content="true"/> <meta name="tmg.isTextNumberedHorizontalScrollEnabled" content="true"/> <meta name="tmg.isSmallHorizontalScrollEnabled" content="true"/> <meta name="tmg.isCollectionsCuratedListEnabled" content="true"/> <meta name="tmg.isCollectionsDynamicListEnabled" content="true"/> <script> var tmgAds = tmgAds || {}; tmgAds.sticky = true; </script> <script src="//assets.adobedtm.com/71dcbb11123ce6b2e1ce4d47fd79a130aad3fc95/satelliteLib-177113f60f763788009998023cd15615fe2168a2.js" defer></script> <script> RUM.mark( 'js_load_dtm' ); </script> <script src="https://static.telegraph.co.uk/telegraph-advertising/tmg-gpt.min.js" defer></script> <script> RUM.mark( 'js_load_gpt' ); </script> <!-- comScore Identifier: comscorekw=business --> <!-- MarTech (Target) --> <script src="https://www.telegraph.co.uk/martech/js/core.min.js" defer></script> <script src="https://secure.telegraph.co.uk/customer/lib/tmgrefresh.js" defer></script> <script> RUM.mark( 'js_load_customer' ); </script> <!-- Flags for the save-article functionality tmg.isSaveArticleEnabled: Considered the global flag, adds the save js and controls the large horizontal scroll layout. tmg.isTextNumberedHorizontalScrollEnabled: Controls the text-numbered horizontal scroll layout. tmg.isSmallHorizontalScrollEnabled: Controls the small horizontal scroll layout. tmg.isCollectionsCuratedListEnabled: Controls the curated lists layouts, such as single article image, guide links, article lists. tmg.isCollectionsDynamicListEnabled: Controls the dynamic lists layouts, such as single article image, guide links, article lists. --> <meta name="tmg.isSaveArticleEnabled" content="true"/> <meta name="tmg.isTextNumberedHorizontalScrollEnabled" content="true"/> <meta name="tmg.isSmallHorizontalScrollEnabled" content="true"/> <meta name="tmg.isCollectionsCuratedListEnabled" content="true"/> <meta name="tmg.isCollectionsDynamicListEnabled" content="true"/> </head> <body class="theme segment--business " data-test="body"> <a href="#main-content" hidden aria-hidden="false">Jump to content</a> <div class="site-header-wrapper "> <div id="advert_tmg_ban" class="advert js-advert js-advert-banner is-sticky advert--banner advert--header " data-perf="advert-banner" data-test="advert-banner"> </div> <header class="site-header site-header--has-sub-navigation" id="navigation" data-test="site-header"> <div class="site-header__primary-wrapper" data-test="site-header-primary"> <div class="site-header__container site-header__primary-content"> <div class="site-header__masthead "> <div class="site-header__logo " data-track-wrapper="header-logobar" data-test="site-header-logo"> <div class="e-site-logo__award">UK News Website of the Year <span class="e-site-logo__award-year">2024</span></div> <a href="/" class="e-site-logo" data-track-img> <svg xmlns="http://www.w3.org/2000/svg" aria-labelledby="site-logo-title" class="e-site-logo__image" id="site-logo" viewBox="0 0 320 52"> <path d="M2.7,25.7c0-7,5.2-11.8,10.2-14.1l0.4,0.6c-1.8,2-3.2,4-3.2,8.1c0,4.8,1.3,8.1,3.3,10.3 c0.7-0.8,1.1-1.9,1.1-2.9v-6.8l8.8-6.3l0.5,0.7c-0.8,1.1-1.3,2.4-1.3,3.8v4.2c0,3.3-5.2,6.7-8.6,8c2.1,1.9,5,2.7,8.1,2.7 c1.2,0,2.3-0.1,3.5-0.2V13.9c-2.6-0.2-5.1-0.7-7.6-1.5c-2.7-0.8-6.4-1.8-8.7-1.8c-3.5,0-7.6,1.2-7.7,6.2c0,0.5,0.1,1,0.1,1.5 l-0.8,0.3C0.3,17.2,0,15.6,0,14C-0.1,7.7,4.5,2.2,11.9,2.2c3.1,0,6.7,1,9.3,1.7c2.8,0.8,5.5,1.5,8.1,1.5c1.3,0,2.1-0.7,2.1-2 c0-1.3-0.7-1.9-1.8-2.2l0.2-0.9C33,1,36.5,2.9,36.5,6.9c0,4.7-3.5,7.1-9.3,7.1h-0.5v19.5c1.6-0.3,3.2-0.9,4.5-1.9 c1.4-0.9,2.5-2.2,3.4-3.6l0.8,0.4c-2,6.7-7.3,13.3-16.2,13.3C10.1,41.7,2.7,36.6,2.7,25.7 M41.7,48.2c10.9-0.8,19-5.3,19-12.6V19.5 c0-0.5,0.1-1,0.3-1.5c0.2-0.5,0.5-0.9,0.9-1.2v-1.3c-0.4,0.3-1,0.4-1.5,0.4c-0.3,0-0.6-0.1-0.9-0.2c-0.5-0.3-3.7-3.2-4.2-3.7h-0.7 l-7,6.6V6.8c0-2.8,1.4-4,2.3-4.2V1.8c-0.6-0.1-1.2-0.2-1.8-0.2c-0.9,0-1.7,0.2-2.5,0.6c-0.8,0.4-1.4,1-1.9,1.7h-0.2 c-0.5-1.2-2.3-2.3-4.1-2.3c-0.8,0-1.7,0.1-2.5,0.4v0.7c1.2,0.3,3.1,1.4,3.1,3.6v29.1l-1.4,1.4l5.4,4.6h0.6l5.4-4.9l-2.4-2.2V20.1 l2.8-2.6l2.5,2.5v19c0,6-5.7,7.6-11.4,8.1V48.2z M65.3,30.4c0,3-0.3,5.4-0.7,6.5c2.8,1.5,6.9,3.3,10.1,4.6h0.8l9.5-9.4l-0.7-0.7 l-4.8,4.7c-2.3-0.9-4.5-1.9-6.6-3.1v-4.5l11.6-7.8v-0.8c-2.6-2.3-5.5-5.6-7.6-7.8h-0.7c-3.5,2.4-7.2,4.6-11,6.6V30.4z M72.8,17.9 c1.5,1.7,3.3,3.8,5.1,5.8l-5.1,3.5V17.9z M101.7,25.6c0,10.9,7.4,16,16.4,16c8.9,0,14.2-6.6,16.2-13.3l-0.8-0.4 c-0.9,1.4-2,2.6-3.4,3.6c-1.4,0.9-2.9,1.6-4.5,1.9V13.9h0.5c5.8,0,9.3-2.4,9.3-7.1c0-4-3.5-5.9-6.7-6.5l-0.2,0.9 c0.5,0.1,1,0.3,1.3,0.7c0.3,0.4,0.5,0.9,0.5,1.4c0,1.3-0.8,2-2.1,2c-2.6,0-5.4-0.7-8.1-1.5c-2.5-0.7-6.2-1.7-9.3-1.7 C103.5,2.1,99,7.6,99,13.9c0,1.6,0.3,3.2,0.9,4.7l0.8-0.3c-0.1-0.6-0.1-1.1-0.1-1.5c0.1-5,4.3-6.2,7.7-6.2c2.4,0,6,1,8.7,1.8 c2.5,0.8,5,1.3,7.6,1.5v19.8c-1.1,0.2-2.3,0.2-3.5,0.2c-3.1,0-6-0.8-8.1-2.7c3.3-1.4,8.6-4.7,8.6-8v-4.2c0-1.4,0.5-2.7,1.3-3.8 l-0.5-0.7l-8.8,6.3v6.8c0,1.1-0.4,2.1-1.1,2.9c-2-2.2-3.3-5.5-3.3-10.3c0-4.1,1.4-6.1,3.2-8.1l-0.4-0.6 C107,13.8,101.7,18.6,101.7,25.6 M137.7,30.3c0,3-0.3,5.4-0.7,6.5c2.8,1.5,6.9,3.3,10,4.6h0.8l9.5-9.4l-0.7-0.7l-4.8,4.7 c-2.3-0.9-4.5-1.9-6.6-3.1v-4.5l11.6-7.8v-0.8c-2.6-2.3-5.5-5.6-7.6-7.8h-0.6c-3.5,2.4-7.2,4.6-11,6.6V30.3z M145.3,17.9 c1.5,1.7,3.3,3.8,5,5.8l-5,3.5V17.9z M163.8,1.5h-0.6l-7,7.1l0.7,0.7l1.9-1.9l1.5,1.6v26.4c0,3.7,3.2,5.8,5.6,6.1h0.4l6.2-6.3 l-0.6-0.7l-1.8,1.8c-1.1-0.2-2.2-1.3-2.2-2.4V5.3L163.8,1.5z M175.2,30.3c0,3-0.3,5.4-0.7,6.5c2.8,1.5,6.9,3.3,10.1,4.6h0.8l9.5-9.4 l-0.7-0.7l-4.8,4.7c-2.3-0.9-4.5-1.9-6.6-3.1v-4.5l11.6-7.8v-0.8c-2.6-2.3-5.5-5.6-7.6-7.8h-0.7c-3.5,2.4-7.2,4.6-11,6.6V30.3z M182.8,17.9c1.5,1.7,3.3,3.8,5.1,5.8l-5.1,3.5V17.9z M204.1,41.4h0.6l5.4-5.3c0.1,3.5,1.9,8.1,4.1,10.4c-3.1-1.8-6.6-2.9-9.4-2.9 c-4.5,0-8.1,3.9-9.7,7.8l0.6,0.5c1.8-1.4,4.1-2.1,6.3-2c2.9,0,5.7,0.7,8.3,2h0.6c2.1-2.6,7-7.8,9-9.9v-0.8c-1.4-1.4-2.1-3.5-2.1-7 v-15c0.1-0.9,0.5-1.8,1.2-2.4v-1.3c-0.6,0.3-1.2,0.5-1.9,0.5c-0.3,0-0.7-0.1-1-0.2c-0.7-0.3-6.4-2.9-8.6-3.8h-0.8l-9.6,6.7v18.1 L204.1,41.4z M208.2,36.5l-3.4-2.2V17.7l5.3,2.4v14.6L208.2,36.5z M234.5,18.1c0.9,0.9,2.6,2.4,3.8,3.5h0.1l4.6-5.5V16 c-1.5-1.2-3-2.5-4.3-3.9h-0.6l-5.3,6.3v-2.2l-4.2-4.1H228l-7,7l0.7,0.7l1.9-1.9l1.5,1.6v15.8c0,3.7,3.2,5.8,5.6,6.1h0.4l6.1-6.3 l-0.6-0.7l-1.8,1.8c-1.1-0.2-2.2-1.3-2.2-2.4V20L234.5,18.1z M250.1,23.8c-1.7,1.2-5.1,3.7-6.7,4.7V37l6.7,4.4h0.5l5.6-5.5 c0.3,1.3,1,2.5,2,3.5c1,1,2.1,1.6,3.5,2h0.5l6.1-6.3l-0.6-0.7l-1.8,1.8c-0.6-0.1-1.2-0.4-1.6-0.9c-0.4-0.5-0.6-1.1-0.6-1.7v-14 c0-0.5,0.1-1,0.3-1.4c0.2-0.4,0.6-0.8,1-1v-1.3c-0.5,0.3-1.1,0.4-1.7,0.4c-0.4,0-0.8-0.1-1.2-0.3c-0.3-0.2-8.2-3.9-8.2-3.9h-0.7 c-2.8,2.5-5.9,4.7-9.2,6.5v0.8c2.2,2.8,7.5,5.8,12.1,7v8.4l-2,1.9l-3.1-1.8V24.1L250.1,23.8z M256,25.2c-4.3-1.1-9.1-3.8-10.9-6.2 c0.7-0.4,2.7-1.7,3.3-2.1l7.5,4V25.2 M279.9,16.2l-4.2-4.1h-0.6l-7,7l0.7,0.7l1.9-1.9l1.5,1.6v14.7c-0.1,0.8-0.3,1.6-0.8,2.2 c-0.4,0.7-1,1.2-1.7,1.6v1c0.8,0.1,1.8,0.3,2.4,0.4v5.6l-1.5,1.6l5.9,4.6h0.4l5.3-4.9l-2.4-2.3v-3l4.6,1h0.2 c2.6-3.1,5.1-4.7,8.1-5.4V19.5c0-0.5,0.1-1,0.3-1.5c0.2-0.5,0.5-0.9,0.9-1.2v-1.3c-0.5,0.3-1,0.4-1.5,0.4c-0.3,0-0.6-0.1-0.9-0.2 c-0.5-0.3-3.7-3.2-4.2-3.7h-0.7l-7,6.6V16.2z M285.3,35.2c-1-0.2-3.5-0.6-5.3-1V20.1l2.9-2.6l2.5,2.5V35.2 M299.8,48.2 c10.9-0.8,19-5.3,19-12.6V19.5c0-0.5,0.1-1,0.3-1.5c0.2-0.5,0.5-0.9,0.9-1.2v-1.3c-0.4,0.3-1,0.4-1.5,0.4c-0.3,0-0.6-0.1-0.9-0.2 c-0.5-0.3-3.7-3.2-4.2-3.7h-0.7l-7,6.6V6.8c0-2.8,1.4-4,2.3-4.2V1.7c-0.6-0.1-1.2-0.2-1.8-0.2c-0.9,0-1.7,0.2-2.5,0.6 c-0.8,0.4-1.4,1-1.9,1.7h-0.2c-0.5-1.2-2.3-2.3-4.1-2.3c-0.8,0-1.7,0.1-2.5,0.4v0.7c1.2,0.3,3.1,1.4,3.1,3.6v29.1l-1.4,1.4l5.4,4.6 h0.6l5.4-4.9l-2.4-2.2V20.1l2.8-2.6l2.5,2.5v19c0,6-5.7,7.6-11.4,8.1V48.2z"/> </svg> </a> </div> </div> <div class="site-header__primary-navigation-wrapper"> <div class="site-header__navigation" data-drag-scroll> <nav aria-label="Global website navigation" class="site-navigation" role="navigation" data-test="site-navigation"> <div class="e-site-header-button e-site-header-button--search"> <a href="/search/" class="e-site-header-button__link" aria-label="Search The Telegraph" data-test="site-header-search-link"> <svg class="e-site-header-button__icon e-site-header-button__icon-search" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 16"> <title>Search Icon</title> <path d="M12,14.91l-3.24-5A5.5,5.5,0,1,0,5.5,11a5.27,5.27,0,0,0,1.44-.2L10.32,16ZM2,5.5A3.5,3.5,0,1,1,5.5,9,3.5,3.5,0,0,1,2,5.5Z"/> </svg> </a> </div> <ul class="site-navigation__list site-navigation__list--primary " data-track-wrapper="header-nav-primary" data-test="site-nav-list-primary"> <li class="e-navigation-primary-item e-navigation-primary-item--first " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/news/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> News </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/sport/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Sport </span> </span> </a> </li> <li class="e-navigation-primary-item e-navigation-primary-item--current " data-current-navigation-item data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/business/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Business </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/money/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Money </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/opinion/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Opinion </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/russia-ukraine-war/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Ukraine </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/us-election/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> US election </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/travel/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Travel </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/health-fitness/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Health </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/lifestyle/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Lifestyle </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/culture/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Culture </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="https://www.telegraph.co.uk/puzzles/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Puzzles </span> </span> </a> </li> <li class="e-navigation-primary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-primary-item__link" href="/podcasts/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-primary-item__link-content"> <span class="e-navigation-primary-item__link-text e-navigation-border"> Podcasts </span> </span> </a> </li> </ul> <script> (function () { document.querySelectorAll('.site-header__navigation .e-site-header-button__link').forEach(link => { link.addEventListener('click', (e) => { eVar94 = "header-search-icon-mobile"; eVar95 = link.textContent.trim(); eVar96 = "img"; eVar97 = document.title; tmgComponentString = eVar94+";"+eVar95+"_"+eVar96+";"+eVar97; localStorage.setItem("tmgComponentTracking", tmgComponentString); }); }); })(); </script> </nav> </div> </div> <div class="site-header__country-selector" data-test="country-selector" data-js="country-selector"> <div class="e-site-header-country-selector" data-js="country-selector-inner-wrapper"> <div class="e-site-header-country-selector__wrapper"> <button class="e-site-header-country-selector__name" data-js="country-selector__button"> <span data-js="country-selector__button-icon" class="e-site-header-country-selector__icon-flag"> <img src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/images/flags/UK-SVG.svg" fetchpriority="high" role="presentation" data-test="country-selector-flag-icon"/> </span> <span data-js="country-selector__button-text" data-test="country-selector-button-text"> UK Edition </span> </button> <svg class="e-site-header-country-selector__icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"></path> </svg> </div> <ul class="e-site-header-country-selector__list"> <li class="e-site-header-country-selector__item" data-track-wrapper="country-selector-us"> <a href="/us/" class="e-site-header-country-selector__link" data-country="us" data-js="country-selector-link" data-track-txt data-track-destination="/us/"> <span class="e-site-header-country-selector__title"> <img class="e-site-header-country-selector__icon-flag" src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/images/flags/USA-SVG.svg" fetchpriority="high" role="presentation" data-test="country-selector-flag-icon"/> US Edition </span> </a> </li> </ul> </div> </div> <div class="site-header__buttons"> <div class="e-site-header-button e-site-header-button--search"> <a href="/search/" class="e-site-header-button__link" aria-label="Search The Telegraph" data-test="site-header-search-link"> <svg class="e-site-header-button__icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 16"> <title>Search Icon</title> <path d="M12,14.91l-3.24-5A5.5,5.5,0,1,0,5.5,11a5.27,5.27,0,0,0,1.44-.2L10.32,16ZM2,5.5A3.5,3.5,0,1,1,5.5,9,3.5,3.5,0,0,1,2,5.5Z"/> </svg> </a> </div> <div class="e-site-header-button e-site-header-button--subscribe"> <a href="https://secure.telegraph.co.uk/customer/subscribe/" class="e-site-header-button__link" data-icid="{ 'product': 'premiumsub', 'contentLocation': 'topnav' }" data-test="site-header-subscribe-link" rel="nofollow"> <span class="e-site-header-button__link-text-wrap"> <span class="e-site-header-button__link-text e-site-header-button__link-text--message"> Subscribe now </span> </span> </a> </div> <div class="e-site-header-button e-site-header-button--sign-in"> <a href="https://secure.telegraph.co.uk/customer/secure/login/?redirectTo=" class="e-site-header-button__link e-site-header-button__link--no-border" data-redirect-current rel="nofollow"> Log in </a> </div> <div class="e-site-header-button e-site-header-button--menu"> <a href="/all-sections/" class="e-site-header-button__link" aria-label="View all sections" data-modal-open-button data-test="site-header-all-sections-link"> <span class="e-site-header-button__icon"></span> </a> </div> </div> </div> </div> <div class="site-header__secondary-wrapper " data-test="site-header-secondary"> <div class="site-header__container accordion accordion--sm accordion--is-collapsed" data-accordion data-accordion-max-screen-width="1024"> <a class="accordion__trigger site-header__accordion-trigger" data-accordion-trigger data-test="site-header-accordion-trigger" href="/all-sections#business"> See all Business <svg class="accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <nav aria-label="Navigation for Business" class="site-header__secondary-content site-navigation site-navigation--sub accordion__content" role="navigation" data-accordion-content> <ul class="site-navigation__list site-navigation__list--secondary site-navigation__list--has-left-margin" data-track-wrapper="header-nav-secondary" data-test="site-nav-list-secondary"> <li class="e-navigation-secondary-item e-navigation-secondary-item--has-children accordion accordion--sm accordion--is-collapsed e-navigation-secondary-item--first " data-accordion-max-screen-width="1024" data-accordion> <a class="e-navigation-secondary-item__link" href="/business/economy/" data-track-txt data-test="site-navigation-link" data-accordion-trigger> <span class="e-navigation-secondary-item__link-content"> <span class="e-navigation-secondary-item__link-text e-navigation-border"> Economy </span> <svg class="e-navigation-secondary-item__icon accordion__arrow-icon tmg-svg-icon" width="10" height="6" viewBox="0 0 10 6" fill="none" xmlns="http://www.w3.org/2000/svg"> <path class="tmb-svg-icon-path" d="M1 0.999933L4.99999 5L9 0.999934" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round" fill="none"/> </svg> </span> </a> <ul class="site-navigation__list accordion__content site-navigation__list--tertiary " data-track-wrapper="header-nav-tertiary" data-test="site-nav-list-tertiary" data-accordion-content> <li class="e-navigation-tertiary-item e-navigation-tertiary-item--is-home-link e-navigation-tertiary-item--first " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/business/economy/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Economy home </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/bank-of-england/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Bank of England </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/uk-economy/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> UK economy </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/global-economy/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Global economy </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/jobs-and-employment/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Jobs </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/interest-rates/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Interest rates </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/eurozone/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Eurozone </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/housing-market/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Housing </span> </span> </a> </li> <li class="e-navigation-tertiary-item e-navigation-tertiary-item--last" data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/oil/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Oil </span> </span> </a> </li> </ul> <script> (function () { document.querySelectorAll('.site-header__navigation .e-site-header-button__link').forEach(link => { link.addEventListener('click', (e) => { eVar94 = "header-search-icon-mobile"; eVar95 = link.textContent.trim(); eVar96 = "img"; eVar97 = document.title; tmgComponentString = eVar94+";"+eVar95+"_"+eVar96+";"+eVar97; localStorage.setItem("tmgComponentTracking", tmgComponentString); }); }); })(); </script> </li> <li class="e-navigation-secondary-item e-navigation-secondary-item--has-children accordion accordion--sm accordion--is-collapsed " data-accordion-max-screen-width="1024" data-accordion> <a class="e-navigation-secondary-item__link" href="/business/companies/" data-track-txt data-test="site-navigation-link" data-accordion-trigger> <span class="e-navigation-secondary-item__link-content"> <span class="e-navigation-secondary-item__link-text e-navigation-border"> Companies </span> <svg class="e-navigation-secondary-item__icon accordion__arrow-icon tmg-svg-icon" width="10" height="6" viewBox="0 0 10 6" fill="none" xmlns="http://www.w3.org/2000/svg"> <path class="tmb-svg-icon-path" d="M1 0.999933L4.99999 5L9 0.999934" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round" fill="none"/> </svg> </span> </a> <ul class="site-navigation__list accordion__content site-navigation__list--tertiary " data-track-wrapper="header-nav-tertiary" data-test="site-nav-list-tertiary" data-accordion-content> <li class="e-navigation-tertiary-item e-navigation-tertiary-item--is-home-link e-navigation-tertiary-item--first " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/business/companies/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Companies home </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/banks-and-finance/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Banks and finance </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/retail-and-consumer-industry/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Retail and consumer </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/media-and-telecoms/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Media </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/energy-industry/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Energy </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/transport-and-industry/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Transport </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/property-and-construction-industry/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Property </span> </span> </a> </li> <li class="e-navigation-tertiary-item e-navigation-tertiary-item--last" data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/manufacturing-industry/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Manufacturing </span> </span> </a> </li> </ul> <script> (function () { document.querySelectorAll('.site-header__navigation .e-site-header-button__link').forEach(link => { link.addEventListener('click', (e) => { eVar94 = "header-search-icon-mobile"; eVar95 = link.textContent.trim(); eVar96 = "img"; eVar97 = document.title; tmgComponentString = eVar94+";"+eVar95+"_"+eVar96+";"+eVar97; localStorage.setItem("tmgComponentTracking", tmgComponentString); }); }); })(); </script> </li> <li class="e-navigation-secondary-item e-navigation-secondary-item--has-children accordion accordion--sm accordion--is-collapsed " data-accordion-max-screen-width="1024" data-accordion> <a class="e-navigation-secondary-item__link" href="/business/markets/" data-track-txt data-test="site-navigation-link" data-accordion-trigger> <span class="e-navigation-secondary-item__link-content"> <span class="e-navigation-secondary-item__link-text e-navigation-border"> Markets </span> <svg class="e-navigation-secondary-item__icon accordion__arrow-icon tmg-svg-icon" width="10" height="6" viewBox="0 0 10 6" fill="none" xmlns="http://www.w3.org/2000/svg"> <path class="tmb-svg-icon-path" d="M1 0.999933L4.99999 5L9 0.999934" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round" fill="none"/> </svg> </span> </a> <ul class="site-navigation__list accordion__content site-navigation__list--tertiary " data-track-wrapper="header-nav-tertiary" data-test="site-nav-list-tertiary" data-accordion-content> <li class="e-navigation-tertiary-item e-navigation-tertiary-item--is-home-link e-navigation-tertiary-item--first " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/business/markets/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Markets home </span> </span> </a> </li> <li class="e-navigation-tertiary-item " data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/ftse-100/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> FTSE 100 </span> </span> </a> </li> <li class="e-navigation-tertiary-item e-navigation-tertiary-item--last" data-accordion-max-screen-width="1024"> <a class="e-navigation-tertiary-item__link" href="/bonds/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-tertiary-item__link-content"> <span class="e-navigation-tertiary-item__link-text e-navigation-border"> Bonds </span> </span> </a> </li> </ul> <script> (function () { document.querySelectorAll('.site-header__navigation .e-site-header-button__link').forEach(link => { link.addEventListener('click', (e) => { eVar94 = "header-search-icon-mobile"; eVar95 = link.textContent.trim(); eVar96 = "img"; eVar97 = document.title; tmgComponentString = eVar94+";"+eVar95+"_"+eVar96+";"+eVar97; localStorage.setItem("tmgComponentTracking", tmgComponentString); }); }); })(); </script> </li> <li class="e-navigation-secondary-item e-navigation-secondary-item--last" data-accordion-max-screen-width="1024"> <a class="e-navigation-secondary-item__link" href="/technology/" data-track-txt data-test="site-navigation-link"> <span class="e-navigation-secondary-item__link-content"> <span class="e-navigation-secondary-item__link-text e-navigation-border"> Tech </span> </span> </a> </li> </ul> <script> (function () { document.querySelectorAll('.site-header__navigation .e-site-header-button__link').forEach(link => { link.addEventListener('click', (e) => { eVar94 = "header-search-icon-mobile"; eVar95 = link.textContent.trim(); eVar96 = "img"; eVar97 = document.title; tmgComponentString = eVar94+";"+eVar95+"_"+eVar96+";"+eVar97; localStorage.setItem("tmgComponentTracking", tmgComponentString); }); }); })(); </script> </nav> </div> </div> </header> <div class="all-sections-modal all-sections-modal--hidden" aria-hidden="true" role="dialog" aria-label="Navigation modal containing links for all sections of the site" data-all-sections-modal=""> <div class="container all-sections__container" data-modal-content-wrapper> <div class="allSectionsRenderer indexRenderer _abstractPageRenderer skeletonRenderer page basicpage"> <div class="all-sections grid "> <div class="all-sections__navigation grid-col grid-col-12 grid-col-md-7"> <div class="all-section__wrapper"> <span class="all-sections__heading all-sections__main-heading u-heading-2" data-test="all-sections-heading">Sections</span> <div class="all-section__country-selector" data-test="country-selector" data-js="country-selector-all-section"> <div class="all-section-country-selector" data-js="country-selector-inner-wrapper"> <div class="all-section-country-selector__wrapper"> <button class="all-section-country-selector__name" data-js="country-selector__button"> <span data-js="country-selector__button-icon" class="all-section-country-selector__icon-flag"> <img src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/images/flags/UK-SVG.svg" fetchpriority="high" role="presentation" data-test="country-selector-flag-icon"/> </span> <span data-js="country-selector__button-text" data-test="country-selector-button-text"> UK Edition </span> </button> <svg class="all-section-country-selector__icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"></path> </svg> </div> <ul class="all-section-country-selector__list"> <li class="all-section-country-selector__item" data-track-wrapper="country-selector-us"> <a href="/us/" class="all-section-country-selector__link" data-country="us" data-js="country-selector-link" data-track-txt data-track-destination="/us/"> <span class="all-section-country-selector__title"> <img class="e-site-header-country-selector__icon-flag" src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/images/flags/USA-SVG.svg" fetchpriority="high" role="presentation" data-test="country-selector-flag-icon"/> US Edition </span> </a> </li> </ul> </div> </div> </div> <nav aria-label="All sections website navigation" role="navigation"> <ul class="all-sections__list" data-track-wrapper="all-sections-nav"> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="news" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/news/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">News</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/news/" data-track-txt data-test="all-sections-secondary-link"> News home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/news/uk/" data-track-txt> UK news </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/politics/" data-track-txt> Politics </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/world-news/" data-track-txt> World </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-news/" data-track-txt> Health news </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/news/defence/" data-track-txt> Defence </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/science/" data-track-txt> Science </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/education-news/" data-track-txt> Education </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/environment/" data-track-txt> Environment </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/investigations/" data-track-txt> Investigations </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/global-health/" data-track-txt> Global Health Security </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/royal-family/" data-track-txt> Royals </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="sport" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/sport/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Sport</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/sport/" data-track-txt data-test="all-sections-secondary-link"> Sport home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/football/" data-track-txt> Football </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/rugby-union/" data-track-txt> Rugby Union </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/cricket/" data-track-txt> Cricket </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/formula-1/" data-track-txt> F1 </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/golf/" data-track-txt> Golf </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/tennis/" data-track-txt> Tennis </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/womens-sport/" data-track-txt> Women's Sport </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/racing/" data-track-txt> Racing </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/cycling/" data-track-txt> Cycling </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/boxing/" data-track-txt> Boxing </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/betting/" data-track-txt> Betting </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/sport-all/" data-track-txt> More... </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="business" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/business/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Business</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/business/" data-track-txt data-test="all-sections-secondary-link"> Business home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/business/economy/" data-track-txt> Economy </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/business/companies/" data-track-txt> Companies </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/business/markets/" data-track-txt> Markets </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/technology/" data-track-txt> Tech </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="money" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/money/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Money</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/money/" data-track-txt data-test="all-sections-secondary-link"> Money home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/property/" data-track-txt> Property </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/tax/" data-track-txt> Tax </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/pensions/" data-track-txt> Pensions </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/banking/" data-track-txt> Banking </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/investing/" data-track-txt> Investing </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/net-zero/" data-track-txt> Net Zero </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/tools/" data-track-txt> Calculators </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/money/guides/" data-track-txt> Guides </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="opinion" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/opinion/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Opinion</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/opinion/" data-track-txt data-test="all-sections-secondary-link"> Opinion home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/obituaries/" data-track-txt> Obituaries </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/opinion/letters/" data-track-txt> Letters to the Editor </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/opinion/telegraph-view/" data-track-txt> Telegraph View </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/opinion/columnists/" data-track-txt> Our columnists </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/opinion/cartoons/" data-track-txt> Cartoons </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="ukraine" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/russia-ukraine-war/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Ukraine</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/russia-ukraine-war/" data-track-txt data-test="all-sections-secondary-link"> Ukraine home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="https://www.telegraph.co.uk/news/2022/03/02/russia-ukraine-war-listen-daily-podcast/" data-track-txt> Daily podcast </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="https://www.telegraph.co.uk/secure/newsletter/dispatches" data-track-txt> Daily newsletter </a> </li> </ul> </li> <li class="all-sections__item " id="us-election" data-accordion-max-screen-width="1024"> <a class="all-sections__link all-sections__link--is-primary" href="/us-election/" data-track-txt data-test="all-sections-link"> <span class="all-sections__link-heading">US election</span> </a> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="travel" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/travel/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Travel</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/travel/" data-track-txt data-test="all-sections-secondary-link"> Travel home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/destinations/europe/" data-track-txt> Europe </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/destinations/europe/united-kingdom/" data-track-txt> UK </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/destinations/worldwide/" data-track-txt> Worldwide </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/city-breaks/" data-track-txt> City breaks </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/hotels/" data-track-txt> Hotels </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/cruises/" data-track-txt> Cruise </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/ski/" data-track-txt> Ski </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/travel/advice/" data-track-txt> Advice </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="health" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/health-fitness/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Health</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/health-fitness/" data-track-txt data-test="all-sections-secondary-link"> Health home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/diet/" data-track-txt> Diet </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/fitness/" data-track-txt> Fitness </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/conditions/" data-track-txt> Conditions </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/wellbeing/" data-track-txt> Wellbeing </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/parenting/" data-track-txt> Parenting </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/guides/" data-track-txt> Guides </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/health-fitness/tools/" data-track-txt> Tools </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="lifestyle" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/lifestyle/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Lifestyle</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/lifestyle/" data-track-txt data-test="all-sections-secondary-link"> Lifestyle home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/recipes/" data-track-txt> Recipes </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/food-and-drink/" data-track-txt> Food & Drink </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/fashion/" data-track-txt> Fashion </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/beauty/" data-track-txt> Beauty </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/luxury/" data-track-txt> Luxury </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/cars/" data-track-txt> Cars </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/gardening/" data-track-txt> Gardening </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/recommended/" data-track-txt> Recommended </a> </li> </ul> </li> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="culture" data-accordion-max-screen-width="1024" data-accordion-modal> <a class="all-sections__link all-sections__link--is-primary" href="/culture/" data-track-txt data-test="all-sections-link" data-accordion-trigger> <span class="all-sections__link-heading">Culture</span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content> <li class="all-sections__secondary-item all-sections__secondary-item--first all-sections__secondary-item--is-home-link"> <a class="all-sections__link" href="/culture/" data-track-txt data-test="all-sections-secondary-link"> Culture home </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/tv/" data-track-txt> TV </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/films/" data-track-txt> Film </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/music/" data-track-txt> Music </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/books/" data-track-txt> Books </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/theatre/" data-track-txt> Theatre </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/comedy/" data-track-txt> Comedy </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/dance/" data-track-txt> Dance </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/opera/" data-track-txt> Opera </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/music/classical-music/" data-track-txt> Classical </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="/art/" data-track-txt> Art </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" data-track-txt> </a> </li> <li class="all-sections__secondary-item"> <a class="all-sections__link" href="https://www.telegraph.co.uk/theatre/tickets/" data-track-txt> Telegraph Tickets </a> </li> </ul> </li> <li class="all-sections__item " id="puzzles" data-accordion-max-screen-width="1024"> <a class="all-sections__link all-sections__link--is-primary" href="https://www.telegraph.co.uk/puzzles/" data-track-txt data-test="all-sections-link"> <span class="all-sections__link-heading">Puzzles</span> </a> </li> <li class="all-sections__item " id="podcasts" data-accordion-max-screen-width="1024"> <a class="all-sections__link all-sections__link--is-primary" href="/podcasts/" data-track-txt data-test="all-sections-link"> <span class="all-sections__link-heading">Podcasts</span> </a> </li> </ul> </nav> </div> <!-- Country selector --> <aside class="all-section__selector grid-col grid-col-12 grid-col-md-5 grid-col-lg-4" data-test="country-selector-all-section"> <div class="all-sections__navigation grid-col grid-col-12 grid-col-md-7" data-js="country-selector-all-section"> <nav aria-label="All sections website navigation" role="navigation"> <ul class="all-sections__list"> <li class="all-sections__item all-sections__item--has-children accordion accordion--sm accordion--is-collapsed" id="country" data-accordion-max-screen-width="1024" data-accordion-modal=""> <a class="all-sections__link all-sections__link--is-primary" href="/" data-track-txt="" data-test="all-sections-link" data-accordion-trigger=""> <span class="all-sections__link-heading" data-js="country-selector__button"> <span data-js="country-selector__button-icon" class="all-sections-country-selector__icon-flag"> <img src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/images/flags/UK-SVG.svg" fetchpriority="high" role="presentation" class="all-sections-country-selector__icon-flag-link" data-test="country-selector-flag-icon"/> </span> <span data-js="country-selector__button-text" data-test="country-selector-button-text"> UK Edition </span> </span> <svg class="all-sections__arrow-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"></path> </svg> </a> <ul class="all-sections__secondary-list accordion__content" data-test="all-sections-secondary-list" data-accordion-content=""> <li class="all-sections__secondary-item" data-track-wrapper="country-selector-us"> <a href="/us/" class="all-sections__link" data-country="us" data-js="country-selector-link" data-track-txt data-track-destination="/us/"> <span class="all-sections-country-selector__wrapper"> <img class="e-site-header-country-selector__icon-flag" src="/etc.clientlibs/settings/wcm/designs/telegraph/core/clientlibs/ui/dist/static/resources/images/flags/USA-SVG.svg" fetchpriority="high" role="presentation" data-test="country-selector-flag-icon"/> US Edition </span> </a> </li> </ul> </li> </ul> </nav> </div> </aside> <!-- Country selector --> <aside class="all-sections__utilities grid-col grid-col-12 grid-col-md-5 grid-col-lg-4"> <div class="all-sections__subscribe-button"> <a href="https://secure.telegraph.co.uk/customer/subscribe/" class="all-sections__subscribe-button-link" data-icid="{ 'product': 'premiumsub', 'contentLocation': 'all-sections-nav' }"> <span class="all-sections__subscribe-button-text all-sections__subscribe-button-text--message"> Subscribe now </span> </a> </div> <div class="all-sections__utilities-inner"> <div class="all-sections__user-state-wrapper"> <div class="all-sections__user-state all-sections__user-state"> <a href="https://secure.telegraph.co.uk/customer/secure/login/?redirectTo=" class="all-sections__user-state-link" aria-label="Log in to The Telegraph" data-redirect-current rel="nofollow"> <span class="all-sections__user-state-text">Log in</span> <svg class="all-sections__user-state-icon all-sections__user-state-icon--login" width="20" height="20" viewBox="0 0 20 20" fill="none" xmlns="http://www.w3.org/2000/svg"> <title>Login icon</title> <path d="M15 2H9.00002V3.5H15C15.2762 3.5 15.5 3.72386 15.5 4V16C15.5 16.2761 15.2762 16.5 15 16.5H9.00002V18H15C16.1046 18 17 17.1046 17 16V4C17 2.89543 16.1046 2 15 2ZM1 9.25H7.61837L5.30004 5.64L6.10003 5L10.6 10L6.10003 15L5.30004 14.36L7.61839 10.75H1V9.25Z"/> </svg> </a> </div> </div> <div class="all-sections__social-bar" data-test="all-sections-social-bar"> <span class="all-sections__social-description">Follow us on:</span> <ul class="all-sections__social-links" data-test="social-links"> <li class="all-sections__social-item"> <a href="https://www.facebook.com/TELEGRAPH.CO.UK/" class="all-sections__social-link" data-test="social-link-facebook" aria-label="Visit our Facebook page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="all-sections__social-icon"> <title>Facebook icon</title> <path d="M11.1973 18V10.7122H13.5654L13.9202 7.85967H11.1973V6.04325C11.1973 5.21877 11.4173 4.65746 12.5561 4.65746H14V2.11226C13.7481 2.07729 12.8878 2 11.8856 2C9.79246 2 8.3592 3.32505 8.3592 5.75983V7.85967H6V10.7122H8.3592V18H11.1973Z"/> </svg> </a> </li> <li class="all-sections__social-item"> <a href="https://www.instagram.com/telegraph/" class="all-sections__social-link" data-test="social-link-instagram" aria-label="Visit our Instagram page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="all-sections__social-icon"> <title>Instagram icon</title> <path fill-rule="evenodd" clip-rule="evenodd" d="M9.99683 3.44156C12.1333 3.44156 12.3841 3.45108 13.2286 3.48918C14.0095 3.52411 14.4317 3.6543 14.7143 3.76543C15.0889 3.91149 15.3556 4.08295 15.6349 4.36237C15.9143 4.64179 16.0889 4.90851 16.2317 5.28319C16.3397 5.56579 16.473 5.98809 16.5079 6.7692C16.546 7.61381 16.5556 7.86466 16.5556 10.0016C16.5556 12.1385 16.546 12.3894 16.5079 13.234C16.473 14.0151 16.3429 14.4374 16.2317 14.72C16.0857 15.0947 15.9143 15.3614 15.6349 15.6408C15.3556 15.9202 15.0889 16.0949 14.7143 16.2377C14.4317 16.3457 14.0095 16.4791 13.2286 16.514C12.3841 16.5521 12.1333 16.5616 9.99683 16.5616C7.86032 16.5616 7.60952 16.5521 6.76508 16.514C5.98413 16.4791 5.56191 16.3489 5.27937 16.2377C4.90476 16.0917 4.6381 15.9202 4.35873 15.6408C4.07937 15.3614 3.90476 15.0947 3.7619 14.72C3.65397 14.4374 3.52064 14.0151 3.48571 13.234C3.44762 12.3894 3.4381 12.1385 3.4381 10.0016C3.4381 7.86466 3.44762 7.61381 3.48571 6.7692C3.52064 5.98809 3.65079 5.56579 3.7619 5.28319C3.90794 4.90851 4.07937 4.64179 4.35873 4.36237C4.6381 4.08295 4.90476 3.90832 5.27937 3.76543C5.56191 3.65747 5.98413 3.52411 6.76508 3.48918C7.60952 3.44791 7.86349 3.44156 9.99683 3.44156ZM9.99683 2C7.8254 2 7.55238 2.00953 6.69841 2.04763C5.84762 2.08573 5.26667 2.22227 4.75873 2.41913C4.23175 2.62235 3.7873 2.89859 3.34286 3.34312C2.89841 3.78766 2.6254 4.23536 2.41905 4.75928C2.22222 5.26732 2.08571 5.84838 2.04762 6.70252C2.00952 7.55348 2 7.82655 2 9.99841C2 12.1703 2.00952 12.4433 2.04762 13.2975C2.08571 14.1484 2.22222 14.7295 2.41905 15.2407C2.62222 15.7678 2.89841 16.2123 3.34286 16.6569C3.7873 17.1014 4.23492 17.3745 4.75873 17.5809C5.26667 17.7777 5.84762 17.9143 6.70159 17.9524C7.55556 17.9905 7.8254 18 10 18C12.1746 18 12.4444 17.9905 13.2984 17.9524C14.1492 17.9143 14.7302 17.7777 15.2413 17.5809C15.7683 17.3777 16.2127 17.1014 16.6571 16.6569C17.1016 16.2123 17.3746 15.7646 17.581 15.2407C17.7778 14.7327 17.9143 14.1516 17.9524 13.2975C17.9905 12.4433 18 12.1734 18 9.99841C18 7.82338 17.9905 7.55348 17.9524 6.69935C17.9143 5.84838 17.7778 5.26732 17.581 4.7561C17.3778 4.22901 17.1016 3.78448 16.6571 3.33995C16.2127 2.89542 15.7651 2.62235 15.2413 2.41596C14.7333 2.21909 14.1524 2.08256 13.2984 2.04445C12.4413 2.00953 12.1683 2 9.99683 2ZM9.99661 5.89313C7.72994 5.89313 5.88867 7.73159 5.88867 10.0019C5.88867 12.2722 7.72677 14.1106 9.99661 14.1106C12.2665 14.1106 14.1045 12.2722 14.1045 10.0019C14.1045 7.73159 12.2665 5.89313 9.99661 5.89313ZM9.99661 12.6659C8.52359 12.6659 7.32994 11.472 7.32994 9.9987C7.32994 8.5254 8.52359 7.33151 9.99661 7.33151C11.4696 7.33151 12.6633 8.5254 12.6633 9.9987C12.6633 11.472 11.4696 12.6659 9.99661 12.6659ZM15.2258 5.72778C15.2258 6.25738 14.7966 6.6867 14.2671 6.6867C13.7376 6.6867 13.3083 6.25738 13.3083 5.72778C13.3083 5.19818 13.7376 4.76886 14.2671 4.76886C14.7966 4.76886 15.2258 5.19818 15.2258 5.72778Z"/> </svg> </a> </li> <li class="all-sections__social-item"> <a href="https://twitter.com/@Telegraph" class="all-sections__social-link" data-test="social-link-twitter" aria-label="Visit our Twitter page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="all-sections__social-icon"> <title>X icon</title> <path d="M11.4894 8.77491L17.3177 2H15.9366L10.8759 7.88256L6.83392 2H2.172L8.28424 10.8955L2.172 18H3.55319L8.89742 11.7878L13.166 18H17.828L11.4891 8.77491H11.4894ZM9.59768 10.9738L8.97839 10.0881L4.05086 3.03974H6.17229L10.1489 8.72795L10.7682 9.61374L15.9372 17.0075H13.8158L9.59768 10.9742V10.9738Z"/> </svg> </a> </li> <li class="all-sections__social-item"> <a href="https://www.snapchat.com/discover/The_Telegraph/8148798159" class="all-sections__social-link" data-test="social-link-snapchat" aria-label="Visit our Snapchat page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="all-sections__social-icon"> <title>Snapchat icon</title> <path d="M17.9422 13.7043C17.8318 13.3971 17.6194 13.2311 17.3783 13.0983C17.3334 13.0734 17.2925 13.0485 17.2558 13.0319C17.1822 12.9946 17.1087 12.9572 17.0351 12.9198C16.2834 12.5131 15.695 12.0067 15.2905 11.4008C15.1761 11.2306 15.074 11.048 14.9923 10.8612C14.9555 10.7616 14.9596 10.7035 14.9841 10.6495C15.0086 10.608 15.0413 10.5748 15.0821 10.5458C15.2129 10.4586 15.3436 10.3715 15.4335 10.3134C15.5929 10.2054 15.7236 10.1224 15.8053 10.0643C16.1118 9.84436 16.3283 9.61193 16.4631 9.35045C16.6552 8.98521 16.6797 8.55772 16.5326 8.17172C16.3283 7.62386 15.8217 7.28768 15.2047 7.28768C15.074 7.28768 14.9473 7.30013 14.8166 7.32918C14.7839 7.33748 14.7471 7.34578 14.7144 7.35409C14.7185 6.98054 14.7103 6.58625 14.6777 6.19611C14.5633 4.83061 14.0893 4.11673 13.599 3.54812C13.2844 3.19118 12.9167 2.8882 12.5041 2.65162C11.7605 2.21997 10.9147 2 9.99542 2C9.07613 2 8.23447 2.21997 7.49087 2.65162C7.07821 2.8882 6.7105 3.19118 6.39589 3.54812C5.90561 4.11673 5.43575 4.83476 5.31726 6.19611C5.28458 6.58625 5.27641 6.98054 5.28049 7.35409C5.24781 7.34578 5.21512 7.33748 5.17835 7.32918C5.05169 7.30013 4.92095 7.28768 4.79429 7.28768C4.17735 7.28768 3.67072 7.62802 3.46643 8.17172C3.31934 8.55772 3.34386 8.98521 3.53589 9.35045C3.67072 9.61193 3.88726 9.84436 4.19369 10.0643C4.2754 10.1224 4.40206 10.2054 4.56549 10.3134C4.65129 10.3715 4.77795 10.4545 4.90461 10.5375C4.94955 10.5665 4.98632 10.6039 5.01492 10.6495C5.03943 10.7035 5.04352 10.7616 5.00266 10.8695C4.92095 11.0521 4.82289 11.2306 4.70849 11.3966C4.31218 11.986 3.74017 12.4882 3.01291 12.8908C2.62886 13.0983 2.22846 13.2353 2.05685 13.7043C1.9302 14.0571 2.01191 14.4555 2.33468 14.7959C2.45317 14.9204 2.59208 15.0283 2.74326 15.1113C3.05786 15.2856 3.39289 15.4226 3.74426 15.518C3.8178 15.5388 3.88317 15.5678 3.94446 15.6093C4.06295 15.7131 4.0466 15.8708 4.20186 16.1032C4.27949 16.2236 4.38163 16.3274 4.49603 16.4104C4.82698 16.6428 5.19878 16.6553 5.59101 16.6719C5.94647 16.6843 6.34687 16.7009 6.80855 16.8545C7.00058 16.9167 7.1967 17.0412 7.4255 17.1865C7.97707 17.531 8.72884 18 9.99133 18C11.2538 18 12.0097 17.5268 12.5653 17.1824C12.7941 17.0412 12.9903 16.9167 13.1741 16.8545C13.6317 16.7009 14.0362 16.6843 14.3917 16.6719C14.7839 16.6553 15.1557 16.6428 15.4866 16.4104C15.6255 16.3108 15.7399 16.1863 15.8217 16.0368C15.9361 15.8418 15.932 15.7048 16.0382 15.6093C16.0954 15.5678 16.1608 15.5388 16.2262 15.5222C16.5775 15.4267 16.9207 15.2898 17.2394 15.1113C17.3988 15.0241 17.5458 14.9079 17.6684 14.7709L17.6725 14.7668C17.9912 14.4348 18.0688 14.0446 17.9422 13.7043ZM16.8227 14.3144C16.1404 14.6962 15.6827 14.6547 15.3314 14.8872C15.029 15.0822 15.2088 15.5056 14.9923 15.6591C14.7226 15.8459 13.93 15.6467 12.9085 15.9912C12.0628 16.2734 11.5276 17.0911 10.0077 17.0911C8.48779 17.0911 7.96481 16.2776 7.10681 15.9912C6.08538 15.6467 5.29275 15.8501 5.02309 15.6591C4.80655 15.5056 4.98223 15.0822 4.68398 14.8872C4.32852 14.6547 3.875 14.6962 3.19269 14.3144C2.75551 14.0695 3.00474 13.9201 3.14774 13.8495C5.62369 12.6335 6.02001 10.7533 6.03635 10.6122C6.05678 10.442 6.08129 10.3092 5.89744 10.139C5.72175 9.97302 4.93729 9.47912 4.71666 9.32555C4.35712 9.06822 4.19777 8.81505 4.31626 8.49961C4.39798 8.28379 4.59818 8.20078 4.80655 8.20078C4.87192 8.20078 4.93729 8.20908 5.00266 8.22153C5.39898 8.30869 5.78304 8.50791 6.00367 8.56602C6.03227 8.57432 6.05678 8.57847 6.08538 8.57847C6.20387 8.57847 6.24472 8.51621 6.23655 8.37925C6.21204 7.9393 6.15075 7.08431 6.22021 6.28327C6.31418 5.1834 6.66147 4.63554 7.07821 4.15409C7.27841 3.92166 8.21404 2.91725 10.0077 2.91725C11.8013 2.91725 12.7369 3.91751 12.9371 4.14994C13.3539 4.63139 13.7012 5.17925 13.7951 6.27912C13.8646 7.08016 13.8033 7.93515 13.7747 8.3751C13.7665 8.52036 13.8074 8.57432 13.9259 8.57432C13.9545 8.57432 13.979 8.57017 14.0076 8.56187C14.2282 8.50791 14.6123 8.30454 15.0086 8.21738C15.074 8.20078 15.1393 8.19663 15.2047 8.19663C15.4131 8.19663 15.6133 8.27964 15.695 8.49546C15.8135 8.81089 15.6541 9.06407 15.2946 9.3214C15.0781 9.47497 14.2936 9.96887 14.1138 10.1349C13.93 10.3051 13.9545 10.4379 13.9749 10.608C13.9913 10.7492 14.3876 12.6293 16.8635 13.8454C17.0106 13.916 17.2558 14.0695 16.8227 14.3144Z"/> </svg> </a> </li> <li class="all-sections__social-item"> <a href="https://www.linkedin.com/company/9053/" class="all-sections__social-link" data-test="social-link-linkedin" aria-label="Visit our LinkedIn page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="all-sections__social-icon"> <title>LinkedIn icon</title> <path d="M5.51774 18H2.22695V7.33333H5.51774V18ZM3.92907 5.85816C2.9078 5.85816 2 4.95035 2 3.92908C2 2.9078 2.9078 2 3.92907 2C4.95035 2 5.85815 2.9078 5.85815 3.92908C5.85815 4.95035 4.95035 5.85816 3.92907 5.85816ZM18 18H14.7092V12.7801C14.7092 11.5319 14.7092 9.94326 13.0071 9.94326C11.305 9.94326 10.9645 11.305 10.9645 12.6667V17.8865H7.67376V7.21986H10.8511V8.69504C11.5319 7.56028 12.6667 6.87943 14.0284 6.99291C17.4326 6.99291 18 9.14894 18 12.0993V18Z"/> </svg> </a> </li> <li class="all-sections__social-item"> <a href="https://www.youtube.com/channel/UCPgLNge0xqQHWM5B5EFH9Cg" class="all-sections__social-link" data-test="social-link-youtube" aria-label="Visit our YouTube page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="all-sections__social-icon"> <title>YouTube icon</title> <path d="M17.6636 6.07372C17.4818 5.37326 16.9364 4.82027 16.2455 4.62672C15 4.28571 10 4.28571 10 4.28571C10 4.28571 5 4.28571 3.74545 4.62672C3.05455 4.81105 2.51818 5.36405 2.32727 6.07372C2 7.34561 2 9.99999 2 9.99999C2 9.99999 2 12.6544 2.33636 13.9263C2.51818 14.6267 3.06364 15.1797 3.75455 15.3733C5 15.7143 10 15.7143 10 15.7143C10 15.7143 15 15.7143 16.2545 15.3733C16.9455 15.1889 17.4818 14.6359 17.6727 13.9263C18 12.6544 18 9.99999 18 9.99999C18 9.99999 18 7.34561 17.6636 6.07372Z"/> <path class="youtube-arrow" d="M8.36353 12.4141L12.5454 9.99937L8.36353 7.58463V12.4141Z"/> </svg> </a> </li> </ul> </div> </div> </aside> <aside class="all-sections__more-container grid-col grid-col-12 grid-col-md-5 grid-col-lg-4"> <span class="all-sections__heading all-sections__more-heading u-heading-3" data-test="all-sections-more-heading">More from The Telegraph</span> <nav aria-label="More from the Telegraph navigation" role="navigation"> <ul class="all-sections__more-list" data-test="all-sections-more-list"> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/customer/subsdigitaleditionapp/" data-test="all-sections-more-link"> Download our app </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/newsletters" data-test="all-sections-more-link"> Newsletters </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://extra.telegraph.co.uk/" data-test="all-sections-more-link"> Telegraph Extra </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="/recommended/" data-test="all-sections-more-link"> Recommended </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/financial-services/" data-test="all-sections-more-link"> Financial Solutions </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/events/" data-test="all-sections-more-link"> Events </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://dating.telegraph.co.uk/s/a/20500?utm_source=hamburger&utm_medium=TMGmain" data-test="all-sections-more-link"> Dating </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/promotions/" data-test="all-sections-more-link"> Offers </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/travel/travel-solutions/" data-test="all-sections-more-link"> Travel offers </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://shop.telegraph.co.uk/" data-test="all-sections-more-link"> Shop </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://gardenshop.telegraph.co.uk/" data-test="all-sections-more-link"> Garden shop </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://books.telegraph.co.uk/" data-test="all-sections-more-link"> Bookshop </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://tickets.telegraph.co.uk/?utm_source=TMG+main&utm_medium=hamburger+menu&utm_campaign=evergreen" data-test="all-sections-more-link"> Tickets </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/puzzles/" data-test="all-sections-more-link"> Puzzles </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://fantasyfootball.telegraph.co.uk/" data-test="all-sections-more-link"> Fantasy Football </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/about-us/work-at-the-telegraph/" data-test="all-sections-more-link"> Work at The Telegraph </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://corporate.telegraph.co.uk/" data-test="all-sections-more-link"> Telegraph Corporate </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="/contact-us/" data-test="all-sections-more-link"> Help and support </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.chelseamagazines.com/brands/" data-test="all-sections-more-link"> The Chelsea Magazine Company </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare" data-test="all-sections-more-link"> Broadband and Mobile Deals </a> </li> <li class="all-sections__more-item" data-test="all-sections-more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes" data-test="all-sections-more-link"> Voucher codes </a> <section class="all-sections__more-secondary-item accordion accordion--is-collapsed" data-test="all-sections-more-secondary-item" data-accordion-max-screen-width="0" id="voucher-codes" data-accordion-modal> <button class="all-sections__more-secondary-cta" aria-controls="voucher-codes-content" aria-label="Show See top shops sub-navigation" data-test="all-sections-more-secondary-cta" aria-expanded="false" toggle-aria-label data-accordion-trigger> <span>See top shops</span> <svg class="all-sections__more-secondary-item-icon accordion__arrow-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </button> <ul class="all-sections__more-secondary-list accordion__content" data-test="all-sections-more-secondary-list" data-accordion-content id="voucher-codes-content"> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/samsung" data-test="all-sections-more-secondary-link" data-track-txt> Samsung </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/nike-com" data-test="all-sections-more-secondary-link" data-track-txt> Nike </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/asos" data-test="all-sections-more-secondary-link" data-track-txt> ASOS </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/ebay" data-test="all-sections-more-secondary-link" data-track-txt> eBay </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/currys" data-test="all-sections-more-secondary-link" data-track-txt> Currys </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/wayfair" data-test="all-sections-more-secondary-link" data-track-txt> Wayfair </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/tui" data-test="all-sections-more-secondary-link" data-track-txt> TUI </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/jd-sports" data-test="all-sections-more-secondary-link" data-track-txt> JD Sports </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/travelodge" data-test="all-sections-more-secondary-link" data-track-txt> Travelodge </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/vouchercodes/adidas" data-test="all-sections-more-secondary-link" data-track-txt> Adidas </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare/broadband" data-test="all-sections-more-secondary-link" data-track-txt> Broadband deals </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare/broadband/cheap-broadband" data-test="all-sections-more-secondary-link" data-track-txt> Cheap broadband </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare/broadband/in-my-area" data-test="all-sections-more-secondary-link" data-track-txt> Broadband in my area </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare/broadband/broadband-tv-deals" data-test="all-sections-more-secondary-link" data-track-txt> Broadband and TV deals </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare/mobile" data-test="all-sections-more-secondary-link" data-track-txt> Mobile deals </a> </li> <li class="all-sections__more-item"> <a class="all-sections__more-link" href="https://www.telegraph.co.uk/compare/mobile/sim-only-deals" data-test="all-sections-more-secondary-link" data-track-txt> SIM-only deals </a> </li> </ul> </section> </li> </ul> </nav> </aside> </div> </div> </div> </div> <script> (function () { document.querySelectorAll('.site-header__buttons .e-site-header-button__link').forEach(link => { link.addEventListener('click', (e) => { eVar94 = "header-search-icon-desktop"; eVar95 = link.textContent.trim(); eVar96 = "img"; eVar97 = document.title; tmgComponentString = eVar94+";"+eVar95+"_"+eVar96+";"+eVar97; localStorage.setItem("tmgComponentTracking", tmgComponentString); }); }); })(); </script> </div> <section class="hero-asset u-layout u-layout-column-reverse hero-asset---nointrotext-noimage" data-test="hero-asset" role="region"> <div class=" u-layer-middle container"> <div class="grid"> <div class=" hero-asset__content-wrapper "> <div class="hero-asset__content hero-asset__content--no-image"> <h1> </h1> </div> </div> </div> </div> </section> <main id="main-content" itemscope itemtype="https://schema.org/CollectionPage" class="container container--content"> <span></span> <style> .hero-asset { display: none; } </style> <section class="article-list two-col-divided article-list--two-col-divided-6-6 article-list--collection" data-test="article-list-two-col-vertical-container"> <div class="article-list__heading "> <div class=" collection-header-main-container " data-test="article-list-heading-link-wrapper"> <div class="article-list__title-container" data-test="article-list-title-container"> <h2 class="article-list__heading-title u-heading-2 " data-test="article-list-heading-title">Top Stories </h2> </div> </div> </div> <div class="grid grid--collection " data-layout-track="4x4x4"> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--articleURLImage " data-test="article-list-articleURLImage" data-type-track="articleURLImage"> <ul class="article-list__list grid " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 articleURLImage__item articleURLImage__item--0 grid-col grid-col-12 grid-col-6 grid-col-sm-3 grid-col-sm-6 " data-test="article-list--articleURLImage__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/how-nick-clegg-took-on-china-and-plotted-tiktoks-downfall/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">How Nick Clegg plotted the downfall of Facebook’s biggest rival</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">tech</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mRkkLK4RxP"> <button id="save-article-icon-A3mRkkLK4RxP" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mRkkLK4RxP", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402674660_17322654953470_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=640" media="( min-width: 1280px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402674660_17322654953470_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=480" media="( min-width: 1024px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402674660_17322654953470_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=640" media="( min-width: 768px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402674660_17322654953470_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=480&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402674660_17322654953470_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=680" media="( min-width: 350px )"/> <img src="/content/dam/business/2024/11/22/TELEMMGLPICT000402674660_17322654953470_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=350" loading="lazy" alt="Illustraton: Nick Clegg and TikTok " data-test="card-image" width="24000000" height="15000000"/> </picture> </figure> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--collection-list " data-test="article-list-collection-list" data-type-track="collection-list"> <ul class="article-list__list grid horizontal-scroll__five-items " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 collection-list__item collection-list__item--0 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/insolvency-experts-drafted-fight-university-cash-crunch/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Insolvency experts drafted in to fight university cash crunch</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">Universities</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mk38n0PsNw"> <button id="save-article-icon-A3mk38n0PsNw" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mk38n0PsNw", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--1 collection-list__item collection-list__item--1 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/productivity-real-black-hole-in-public-finances/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">The real black hole is not in public finances</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">nhs</span> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mkv5xwyFdL"> <button id="save-article-icon-A3mkv5xwyFdL" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mkv5xwyFdL", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--2 collection-list__item collection-list__item--2 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/labour-lean-nhs-solve-uk-worklessness-crisis/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Labour to lean on NHS to solve Britain’s worklessness crisis</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">employment</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mktVWc9g4G"> <button id="save-article-icon-A3mktVWc9g4G" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mktVWc9g4G", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--3 collection-list__item collection-list__item--3 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/daily-mirror-merge-celebrity-magazine-ok-cost-cutting/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Daily Mirror to merge with OK! magazine</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">newspapers</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mktVWc6ttq"> <button id="save-article-icon-A3mktVWc6ttq" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mktVWc6ttq", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--4 collection-list__item collection-list__item--4 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/asdas-ex-boss-returns-as-supermarket-struggles-with-sales-s/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Asda’s ex-boss returns as supermarket struggles with sales slump</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">retail</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mkv5xw2H20"> <button id="save-article-icon-A3mkv5xw2H20" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mkv5xw2H20", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--articleURLImage " data-test="article-list-articleURLImage" data-type-track="articleURLImage"> <ul class="article-list__list grid " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 articleURLImage__item articleURLImage__item--0 grid-col grid-col-12 grid-col-6 grid-col-sm-3 grid-col-sm-6 " data-test="article-list--articleURLImage__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/aircraft-that-risks-heathrows-grip-on-global-travel/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">The radical new aircraft threatening Heathrow’s grip on global travel</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">aviation</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mRM9rsft6M"> <button id="save-article-icon-A3mRM9rsft6M" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mRM9rsft6M", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402484620_17322774156050_trans_NvBQzQNjv4BqLUm2LqZ7QfPrWh62iB90NVTmGTZwRSZcqbDiPNar8DA.jpeg?imwidth=640" media="( min-width: 1280px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402484620_17322774156050_trans_NvBQzQNjv4BqLUm2LqZ7QfPrWh62iB90NVTmGTZwRSZcqbDiPNar8DA.jpeg?imwidth=480" media="( min-width: 1024px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402484620_17322774156050_trans_NvBQzQNjv4BqLUm2LqZ7QfPrWh62iB90NVTmGTZwRSZcqbDiPNar8DA.jpeg?imwidth=640" media="( min-width: 768px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402484620_17322774156050_trans_NvBQzQNjv4BqLUm2LqZ7QfPrWh62iB90NVTmGTZwRSZcqbDiPNar8DA.jpeg?imwidth=480&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402484620_17322774156050_trans_NvBQzQNjv4BqLUm2LqZ7QfPrWh62iB90NVTmGTZwRSZcqbDiPNar8DA.jpeg?imwidth=680" media="( min-width: 350px )"/> <img src="/content/dam/business/2024/11/22/TELEMMGLPICT000402484620_17322774156050_trans_NvBQzQNjv4BqLUm2LqZ7QfPrWh62iB90NVTmGTZwRSZcqbDiPNar8DA.jpeg?imwidth=350" loading="lazy" alt="Airbus A321XLR" data-test="card-image" width="22500000" height="14060000"/> </picture> </figure> </div> </article> </li> </ul> </section> </div> </div> </section> <span></span> <div id="wrp-d939a55c-3bca-427c-8d61-b0eb9e778b25" class="wrp-d939a55c-3bca-427c-8d61-b0eb9e778b25 " style="margin-bottom: 8px;"><iframe id="d939a55c-3bca-427c-8d61-b0eb9e778b25" data-type="particle" src="https://cf-particle-html.eip.telegraph.co.uk/d939a55c-3bca-427c-8d61-b0eb9e778b25.html?direct=true&id=d939a55c-3bca-427c-8d61-b0eb9e778b25&paddingbottom=true&template=indexRendererHTML" class="tmg-particle embed wrp-d939a55c-3bca-427c-8d61-b0eb9e778b25 " title="Markets Hub Index banner" data-business-type="editorial" loading="eager" scrolling="no" frameborder="0" allow="web-share" style="width: 100%; min-width: 100%; border: none; position: relative; display: block; padding: 0px; margin: 0px;"></iframe><div style="display: none;" class="particle-newsletter-overlay"></div></div><link rel="stylesheet" type="text/css" href="https://cf-particle-html.eip.telegraph.co.uk/d939a55c-3bca-427c-8d61-b0eb9e778b25/css/indexRendererHTML.css"> <section class="article-list article-list--two-col-divided-8-4 article-list--collection" data-test="article-list-two-col-vertical-container"> <div class="article-list__heading "> <div class=" collection-header-main-container " data-test="article-list-heading-link-wrapper"> <a href="/us-election/" class="article-list__heading-link" data-test="article-list-heading-link"> <div class="article-list__title-container" data-test="article-list-title-container"> <h2 class="article-list__heading-title article-list__heading-title--headlines " data-test="article-list-heading-title">Donald Trump </h2> </div> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#1F53CB" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#1F53CB" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__right-arrow " viewBox="0 0 24 16" fill="none" xmlns="http://www.w3.org/2000/svg"> <rect width="24" height="16" rx="8" fill="#222222"/> <path d="M11.9999 12L16 8.00001L11.9999 4" stroke="white" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel" fill="#222222"/> <path d="M16 8H8" stroke="white" stroke-width="1.5" stroke-linecap="round"/> </svg> </div> </a> </div> </div> <div class="grid grid--collection article-list__container--border-bottom" data-layout-track="8x4"> <div class="grid-col grid-col-12 grid-col-md-8 "> <section class="article-list article-list--articleURLImage " data-test="article-list-articleURLImage" data-type-track="articleURLImage"> <ul class="article-list__list grid " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 articleURLImage__item articleURLImage__item--0 grid-col grid-col-12 grid-col-6 grid-col-sm-3 grid-col-sm-6 " data-test="article-list--articleURLImage__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/21/donald-trump-free-speech-warrior-battling-rein-in-big-tech/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Meet Trump’s free speech warrior taking on America’s ‘censorship cartel’</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">Tech</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3l1TDG8TjZp"> <button id="save-article-icon-A3l1TDG8TjZp" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3l1TDG8TjZp", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <div class="card__image "> <img class="lazy-image__img" src="/content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=160" data-class="lazy-image__img" data-src="/content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=160" data-srcset=" /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=160 160w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=210 210w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=320 320w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=350 350w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=480 480w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=640 640w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=680 680w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=960 960w" data-sizes="100vw" data-alt="President-elect Donald Trump talks with Brendan Carr" data-width="19020000" data-height="11897379" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" srcset=" /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=160 160w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=210 210w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=320 320w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=350 350w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=480 480w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=640 640w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=680 680w, /content/dam/business/2024/11/20/TELEMMGLPICT000402404041_17321259625350_trans_NvBQzQNjv4BqnoUwCwXVn4LwErZ6GGyzhmH9swwK-jBxj6Kfh9h9TKk.jpeg?imwidth=960 960w" data-js="LazyImage" sizes="100vw" alt="President-elect Donald Trump talks with Brendan Carr" loading="lazy" width="19020000" height="11897379"/> </div> </figure> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-md-4 article-list__secondary-container"> <section class="article-list article-list--collection-list " data-test="article-list-collection-list" data-type-track="collection-list"> <ul class="article-list__list grid horizontal-scroll__five-items " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 collection-list__item collection-list__item--0 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/b/ba-be/ben-wright/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Ben Wright"> <span class="e-byline__author" data-test="author-name">Ben Wright</span> </a> </span> </span> </span> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/19/how-the-uk-can-deal-with-the-trump-dilemma/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">How the UK can deal with the Trump 2.0 dilemma</span> </span> </a> </h2> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3lfcTssMKBl"> <button id="save-article-icon-A3lfcTssMKBl" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3lfcTssMKBl", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/b/ba-be/ben-wright/" aria-label="Ben Wright" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/Ben%20Wright%20Aug%202021.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/Ben%20Wright%20Aug%202021.png?impolicy=byline-author" data-alt="Ben Wright" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Ben Wright" loading="lazy" width="60" height="60"/> </div> </a> </div> </article> </li> <li class="article-list__item article-list__item--1 collection-list__item collection-list__item--1 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/b/ba-be/ben-marlow/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Ben Marlow"> <span class="e-byline__author" data-test="author-name">Ben Marlow</span> </a> </span> </span> </span> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/18/keir-starmer-kowtowing-xi-make-deal-trump-harder/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Gap-year Keir is toying with Britain and America’s special relationship</span> </span> </a> </h2> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3lfpqKFgZ2v"> <button id="save-article-icon-A3lfpqKFgZ2v" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3lfpqKFgZ2v", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/b/ba-be/ben-marlow/" aria-label="Ben Marlow" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/Ben%20Marlow%20Dec%202021.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/Ben%20Marlow%20Dec%202021.png?impolicy=byline-author" data-alt="Ben Marlow" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Ben Marlow" loading="lazy" width="60" height="60"/> </div> </a> </div> </article> </li> <li class="article-list__item article-list__item--2 collection-list__item collection-list__item--2 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/trump-election-win-wakeup-call-eu-say-central-bankers/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Trump trade war would be catastrophic for EU, officials warn</span> </span> </a> </h2> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mk38n1CnRJ"> <button id="save-article-icon-A3mk38n1CnRJ" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mk38n1CnRJ", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--3 collection-list__item collection-list__item--3 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/16/how-us-election-threw-gb-news-lifeline/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">How the US election has thrown GB News a lifeline</span> </span> </a> </h2> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3kkK0PtN8NS"> <button id="save-article-icon-A3kkK0PtN8NS" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3kkK0PtN8NS", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--4 collection-list__item collection-list__item--4 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/21/maga-cockroaches-left-wing-echo-chamber-rival-elon-musk-x/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">‘MAGA cockroaches’: The Left-wing ‘echo chamber’ rivalling Elon Musk’s X</span> </span> </a> </h2> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3l1TDG63SSf"> <button id="save-article-icon-A3l1TDG63SSf" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3l1TDG63SSf", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> </ul> </section> </div> </div> </section> <section class="article-list two-col-divided article-list--two-col-divided-6-6 article-list--collection" data-test="article-list-two-col-vertical-container"> <div class="article-list__heading "> <div class="article-list__collection-border collection-header-main-container " data-test="article-list-heading-link-wrapper"> <div class="article-list__title-container" data-test="article-list-title-container"> <h2 class="article-list__heading-title u-heading-2 " data-test="article-list-heading-title">Opinion and analysis </h2> </div> </div> </div> <div class="grid grid--collection " data-layout-track="4x4x4"> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--articleURLImage " data-test="article-list-articleURLImage" data-type-track="articleURLImage"> <ul class="article-list__list grid " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 articleURLImage__item articleURLImage__item--0 grid-col grid-col-12 grid-col-6 grid-col-sm-3 grid-col-sm-6 " data-test="article-list--articleURLImage__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/b/ba-be/ben-marlow/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Ben Marlow"> <span class="e-byline__author" data-test="author-name">Ben Marlow</span> </a> </span> </span> </span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 32 22" class="card__icon-image"> <g> <path d="M29,1c-2.2,1.5-4.1,3.5-5,6c4.1,0,8,3.4,8,7.5S28.6,22,24.5,22S17,18.7,17,14c0-6.1,4.6-11.7,11-14L29,1z"/> <path d="M12,1C9.8,2.5,7.9,4.5,7,7c4.1,0,8,3.4,8,7.5S11.6,22,7.5,22S0,18.7,0,14C0,7.9,4.6,2.3,11,0L12,1z"/> </g> </svg> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/big-business-is-cynically-exploiting-reevess-tax-raid/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Big business is cynically exploiting Reeves’s tax bombshell</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">Opinion</span> </div> <p class="e-standfirst e-standfirst--card " data-test="standfirst"> Royal Mail will not be alone in using the Budget as cover to pick customers’ pockets </p> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mRM9rssS8j"> <button id="save-article-icon-A3mRM9rssS8j" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mRM9rssS8j", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/b/ba-be/ben-marlow/" aria-label="Ben Marlow" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/Ben%20Marlow%20Dec%202021.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/Ben%20Marlow%20Dec%202021.png?impolicy=byline-author" data-alt="Ben Marlow" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Ben Marlow" loading="lazy" width="60" height="60"/> </div> </a> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <div class="card__image "> <img class="lazy-image__img" src="/content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=160" data-class="lazy-image__img" data-src="/content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=160" data-srcset=" /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=160 160w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=210 210w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=320 320w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=350 350w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=480 480w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=640 640w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=680 680w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=960 960w" data-sizes="100vw" data-alt="stamps" data-width="25000000" data-height="15629792" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" srcset=" /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=160 160w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=210 210w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=320 320w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=350 350w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=480 480w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=640 640w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=680 680w, /content/dam/business/2024/11/21/TELEMMGLPICT000348373606_17322101512960_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=960 960w" data-js="LazyImage" sizes="100vw" alt="stamps" loading="lazy" width="25000000" height="15629792"/> </div> </figure> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--articleURLImage " data-test="article-list-articleURLImage" data-type-track="articleURLImage"> <ul class="article-list__list grid " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 articleURLImage__item articleURLImage__item--0 grid-col grid-col-12 grid-col-6 grid-col-sm-3 grid-col-sm-6 " data-test="article-list--articleURLImage__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/why-reevess-public-sector-pay-binge-means-higher-taxes/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Why Reeves’s public sector pay binge means even higher taxes are on the way</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">Analysis</span> </div> <p class="e-standfirst e-standfirst--card " data-test="standfirst"> The Chancellor is running out of options to pay for her largesse in spending, economists say </p> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--non-opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/s/su-sz/szu-ping-chan/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Szu Ping Chan"> <span class="e-byline__author" data-test="author-name">Szu Ping Chan</span> </a> </span> </span> </span> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mRM9rrzQkC"> <button id="save-article-icon-A3mRM9rrzQkC" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mRM9rrzQkC", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <div class="card__image "> <img class="lazy-image__img" src="/content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=160" data-class="lazy-image__img" data-src="/content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=160" data-srcset=" /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=160 160w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=210 210w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=320 320w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=350 350w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=480 480w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=640 640w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=680 680w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=960 960w" data-sizes="100vw" data-alt="Rachel Reeves, the Chancellor" data-width="20237500" data-height="12659198" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" srcset=" /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=160 160w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=210 210w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=320 320w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=350 350w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=480 480w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=640 640w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=680 680w, /content/dam/business/2024/11/21/TELEMMGLPICT000400449266_17321989348570_trans_NvBQzQNjv4Bqg-EspYsIzMaNA9YmuDKRCBKXulSpugqBBKSiYw5ZSko.jpeg?imwidth=960 960w" data-js="LazyImage" sizes="100vw" alt="Rachel Reeves, the Chancellor" loading="lazy" width="20237500" height="12659198"/> </div> </figure> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--collection-list " data-test="article-list-collection-list" data-type-track="collection-list"> <ul class="article-list__list grid horizontal-scroll__five-items " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 collection-list__item collection-list__item--0 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/l/la-le/lewis-page/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Lewis Page"> <span class="e-byline__author" data-test="author-name">Lewis Page</span> </a> </span> </span> </span> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/20/britain-brought-to-knees-secret-deniable-russian-attacks/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Russia’s secret navy could cripple Britain – and we’d never even know they’d done it</span> </span> </a> </h2> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3lxpKTKjSCg"> <button id="save-article-icon-A3lxpKTKjSCg" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3lxpKTKjSCg", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/l/la-le/lewis-page/" aria-label="Lewis Page" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/lewis-page%20cropped.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/lewis-page%20cropped.png?impolicy=byline-author" data-alt="Lewis Page" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Lewis Page" loading="lazy" width="60" height="60"/> </div> </a> </div> </article> </li> <li class="article-list__item article-list__item--1 collection-list__item collection-list__item--1 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/a/ak-ao/andrew-orlowski/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Andrew Orlowski"> <span class="e-byline__author" data-test="author-name">Andrew Orlowski</span> </a> </span> </span> </span> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/18/broken-britain-cant-afford-crypto-bubble/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Broken Britain can’t afford a crypto bubble</span> </span> </a> </h2> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3klqGPBND2q"> <button id="save-article-icon-A3klqGPBND2q" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3klqGPBND2q", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/a/ak-ao/andrew-orlowski/" aria-label="Andrew Orlowski" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/Andrew%20Orlowski%20Sept%202021.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/Andrew%20Orlowski%20Sept%202021.png?impolicy=byline-author" data-alt="Andrew Orlowski" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Andrew Orlowski" loading="lazy" width="60" height="60"/> </div> </a> </div> </article> </li> <li class="article-list__item article-list__item--2 collection-list__item collection-list__item--2 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/s/sa-se/sam-ashworth-hayes/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Sam Ashworth-Hayes"> <span class="e-byline__author" data-test="author-name">Sam Ashworth-Hayes</span> </a> </span> </span> </span> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/21/useless-europe-is-sleepwalking-into-oblivion/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Useless Europe is sleepwalking into oblivion</span> </span> </a> </h2> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3l1TDG8LTtY"> <button id="save-article-icon-A3l1TDG8LTtY" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3l1TDG8LTtY", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/s/sa-se/sam-ashworth-hayes/" aria-label="Sam Ashworth-Hayes" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/sam-ashworth-hayes.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/sam-ashworth-hayes.png?impolicy=byline-author" data-alt="Sam Ashworth-Hayes" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Sam Ashworth-Hayes" loading="lazy" width="60" height="60"/> </div> </a> </div> </article> </li> <li class="article-list__item article-list__item--3 collection-list__item collection-list__item--3 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/20/why-the-sun-is-setting-on-the-european-style-welfarism/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Why the sun is setting on European-style welfarism</span> </span> </a> </h2> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--non-opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/t/tf-tj/tim-wallace/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Tim Wallace"> <span class="e-byline__author" data-test="author-name">Tim Wallace</span> </a> </span> </span> </span> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3lxpKTLfS8B"> <button id="save-article-icon-A3lxpKTLfS8B" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3lxpKTLfS8B", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--4 collection-list__item collection-list__item--4 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/m/ma-me/matthew-lynn/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by Matthew Lynn"> <span class="e-byline__author" data-test="author-name">Matthew Lynn</span> </a> </span> </span> </span> </div> </div> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/france-progress-road-to-serfdom-terrible-warning-britain/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">France’s progress on ‘the road to serfdom’ is a terrible warning to Britain</span> </span> </a> </h2> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mkv5xwhJk3"> <button id="save-article-icon-A3mkv5xwhJk3" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mkv5xwhJk3", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__author-image-container-opinion" data-test="card-meta-author-image"> <a href="/authors/m/ma-me/matthew-lynn/" aria-label="Matthew Lynn" class="card__link"> <div class="opinion-card__author-image "> <img class="lazy-image__img" src="/content/dam/Author%20photos/Matt%20Lynn%20Aug%202021.png?impolicy=byline-author" data-class="lazy-image__img" data-src="/content/dam/Author%20photos/Matt%20Lynn%20Aug%202021.png?impolicy=byline-author" data-alt="Matthew Lynn" data-width="60" data-height="60" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" data-js="LazyImage" alt="Matthew Lynn" loading="lazy" width="60" height="60"/> </div> </a> </div> </article> </li> </ul> </section> </div> </div> </section> <span></span> <div id="wrp-373ede18-edd7-41dd-b648-bba609f4d49d" class="wrp-373ede18-edd7-41dd-b648-bba609f4d49d " style=""><iframe id="373ede18-edd7-41dd-b648-bba609f4d49d" data-type="particle" src="https://cf-particle-html.eip.telegraph.co.uk/373ede18-edd7-41dd-b648-bba609f4d49d.html?direct=true&id=373ede18-edd7-41dd-b648-bba609f4d49d&template=indexRendererHTML" class="tmg-particle embed wrp-373ede18-edd7-41dd-b648-bba609f4d49d " title="Newsletters - BUSINESS INDEX Banner 2024" data-business-type="editorial" loading="eager" scrolling="no" frameborder="0" allow="web-share" style="width: 100%; min-width: 100%; border: none; position: relative; display: block; padding: 0px; margin: 0px;"></iframe><div style="display: none;" class="particle-newsletter-overlay"></div></div><link rel="stylesheet" type="text/css" href="https://cf-particle-html.eip.telegraph.co.uk/373ede18-edd7-41dd-b648-bba609f4d49d/css/indexRendererHTML.css"> <div class="commercial-unit--wrapper " data-test="commercial-unit-wrapper-advert_tmg_bin_0"> <div class="commercial-unit u-full-bleed is-web " data-test="commercial-unit" data-ad-slot-hidden="false" data-ad-slot-id="advert_tmg_bin_0" data-perf="commercial-unit-0"> <div class="advert-label" data-test="advert-label">Advertisement</div> <div class="advert advert--banner js-advert" id="advert_tmg_bin_0" data-test="advert"></div> </div> </div> <section class="article-list two-col-divided article-list--two-col-divided-6-6 article-list--collection" data-test="article-list-two-col-vertical-container"> <div class="article-list__heading "> <div class="article-list__collection-border collection-header-main-container " data-test="article-list-heading-link-wrapper"> <div class="article-list__title-container" data-test="article-list-title-container"> <h2 class="article-list__heading-title u-heading-2 " data-test="article-list-heading-title">more stories </h2> </div> </div> </div> <div class="grid grid--collection " data-layout-track="4x4x4"> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--articleURLImage " data-test="article-list-articleURLImage" data-type-track="articleURLImage"> <ul class="article-list__list grid " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 articleURLImage__item articleURLImage__item--0 grid-col grid-col-12 grid-col-6 grid-col-sm-3 grid-col-sm-6 " data-test="article-list--articleURLImage__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/jay-rayner-accuses-guardian-employing-anti-semites/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Jay Rayner accuses Guardian of employing anti-Semites</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">Media</span> </div> <p class="e-standfirst e-standfirst--card " data-test="standfirst"> Restaurant critic says working for the Left-wing news organisation was ‘uncomfortable, at times excruciating’ </p> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> <span class="e-byline e-byline--non-opinion e-byline--premium " data-test="byline"> <span class="e-byline__meta"> <span class="e-byline__details-multiAuthors"> <a href="/authors/j/ja-je/james-warrington/" class="e-byline__link" data-test="byline-link" rel="author" aria-label="Articles by James Warrington"> <span class="e-byline__author" data-test="author-name">James Warrington</span> </a> </span> </span> </span> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mktVWdxlWB"> <button id="save-article-icon-A3mktVWdxlWB" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mktVWdxlWB", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <div class="card__image "> <img class="lazy-image__img" src="/content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=160" data-class="lazy-image__img" data-src="/content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=160" data-srcset=" /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=160 160w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=210 210w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=320 320w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=350 350w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=480 480w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=640 640w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=680 680w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=960 960w" data-sizes="100vw" data-alt="Jay Rayner" data-width="16380000" data-height="10240000" onerror="this.onerror=null;this.src='data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7';" srcset=" /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=160 160w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=210 210w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=320 320w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=350 350w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=480 480w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=640 640w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=680 680w, /content/dam/business/2024/11/22/TELEMMGLPICT000402728432_17322970673320_trans_NvBQzQNjv4BqqVzuuqpFlyLIwiB6NTmJwfSVWeZ_vEN7c6bHu2jJnT8.jpeg?imwidth=960 960w" data-js="LazyImage" sizes="100vw" alt="Jay Rayner" loading="lazy" width="16380000" height="10240000"/> </div> </figure> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <section class="article-list article-list--collection-list " data-test="article-list-collection-list" data-type-track="collection-list"> <ul class="article-list__list grid horizontal-scroll__five-items " data-test="article-list-list" data-js="scroll-target"> <li class="article-list__item article-list__item--0 collection-list__item collection-list__item--0 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/how-electric-car-apathy-brought-down-europes-battery-giant/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Europe’s electric car revolt claims its biggest scalp yet</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">northvolt</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mkVS1dTm1P"> <button id="save-article-icon-A3mkVS1dTm1P" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mkVS1dTm1P", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--1 collection-list__item collection-list__item--1 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/jaguar-boss-says-criticism-advert-hatred-intolerance/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Jaguar boss says criticism of new advert is ‘vile hatred and intolerance’</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">auto industry</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mkv5xvNP5K"> <button id="save-article-icon-A3mkv5xvNP5K" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mkv5xvNP5K", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--2 collection-list__item collection-list__item--2 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/blankney-estate-faces-backlash-over-giant-solar-farm-plans/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Owners of historic Blankney Estate face backlash over plans to build giant solar farm</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">energy</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mRM9rsXPsV"> <button id="save-article-icon-A3mRM9rsXPsV" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mRM9rsXPsV", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--3 collection-list__item collection-list__item--3 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/ryanair-and-easyjet-fined-100m-over-baggage-fees/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Ryanair and easyJet fined over £100m for ‘abusive’ baggage fees</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">airlines</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mkVS1dv1T4"> <button id="save-article-icon-A3mkVS1dv1T4" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mkVS1dv1T4", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> <li class="article-list__item article-list__item--4 collection-list__item collection-list__item--4 grid-col grid-col-sm-12 grid-col-12 grid-col-6 grid-col-sm-3 " data-test="article-list--collection-list__item"> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-6" data-track-wrapper="article-list "> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/buy-an-electric-blanket-to-keep-warm-if-you-cant-afford-hea/" data-rel="editorial"> <span class="u-heading-6 list-headline__text" data-test="headline"> <span class=" ">Use an electric blanket to keep warm if you can’t afford heating, says energy boss</span> </span> </a> </h2> <div class="card__labels"> <span class="e-card-label" data-test="card-label">energy price cap</span> </div> <div class="u-meta card__meta " data-test="card-meta"> <div class="card__meta-wrapper"> </div> </div> <!-- Save button logic --> <div class="save-article-actions" data-save-article-id="A3mRkkLKqpTk"> <button id="save-article-icon-A3mRkkLKqpTk" class="e-save-article " data-test="save-article" data-save-article='{ "id": "A3mRkkLKqpTk", "text": { "save": "Save", "saved": "Saved" } }'> <svg data-test="save-icon" class="e-save-article__icon" xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path class="ribbon--outline" fill-rule="evenodd" clip-rule="evenodd" d="M1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342ZM10.75 1.25H1.25V12.0085L4.91313 10.2401C5.59979 9.90861 6.40021 9.90861 7.08687 10.2401L10.75 12.0085V1.25Z" fill="#222222"/> <path class="ribbon--inside" d="M10.75 0H1.25C0.559644 0 0 0.559644 0 1.25V12.0085C0 12.9302 0.963437 13.5349 1.79344 13.1342L5.45656 11.3658C5.7999 11.2 6.2001 11.2 6.54344 11.3658L10.2066 13.1342C11.0366 13.5349 12 12.9302 12 12.0085V1.25C12 0.559644 11.4404 0 10.75 0Z" fill="#222222"/> </svg> <span class="save-article-text">Save</span> </button> </div> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-column-4"> <span></span> <div id="wrp-1c3fbec1-84e7-4242-bb7d-c95ed2478669" class="wrp-1c3fbec1-84e7-4242-bb7d-c95ed2478669 no-black-rule" style=""><iframe id="1c3fbec1-84e7-4242-bb7d-c95ed2478669" data-type="particle" src="https://cf-particle-html.eip.telegraph.co.uk/1c3fbec1-84e7-4242-bb7d-c95ed2478669.html?direct=true&id=1c3fbec1-84e7-4242-bb7d-c95ed2478669&noblackrule=true&template=indexRendererHTML" class="tmg-particle story-carousel wrp-1c3fbec1-84e7-4242-bb7d-c95ed2478669 no-black-rule" title="Alex test ignore" data-business-type="editorial" loading="eager" scrolling="no" frameborder="0" allow="web-share" style="width: 100%; min-width: 100%; border: none; position: relative; display: block; padding: 0px; margin: 0px; clip-path: inset(2px 0 0 0); top: -2px;"></iframe><div style="display: none;" class="particle-newsletter-overlay"></div></div><link rel="stylesheet" type="text/css" href="https://cf-particle-html.eip.telegraph.co.uk/1c3fbec1-84e7-4242-bb7d-c95ed2478669/css/indexRendererHTML.css"> </div> </div> </section> <div class="commercial-unit--wrapper " data-test="commercial-unit-wrapper-advert_tmg_bin_1"> <div class="commercial-unit u-full-bleed is-web " data-test="commercial-unit" data-ad-slot-hidden="false" data-ad-slot-id="advert_tmg_bin_1" data-perf="commercial-unit-1"> <div class="advert-label" data-test="advert-label">Advertisement</div> <div class="advert advert--banner js-advert" id="advert_tmg_bin_1" data-test="advert"></div> </div> </div> <section class="article-list article-list--six-col" data-test="article-list-six-col-vertical-container"> <div class="grid article-list__container article-list__container--has-spacing"> <div class="grid-col grid-col-12 grid-col-sm-4 grid-col-md-2"> <section class="article-list article-list-six-col-vertical article-list--six-col-vertical" data-test="article-list-six-col-vertical"> <div class="article-list__heading "> <div class="article-list__heading-link-wrapper " data-test="article-list-heading-link-wrapper"> <a href="/banks-and-finance/" class="article-list__heading-link" data-test="article-list-heading-link"> <h2 class="article-list__heading-title u-heading-7 " data-test="article-list-heading-title">Banking </h2> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#de0000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#de0000" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__meta-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1792 1792"> <g id="arrowHeadPointingRight"> <polygon points="918,896 470,1736 526,1792 1422,896 526,0 470,56"/> </g> </svg> </div> </a> </div> </div> <ul class="article-list__list grid"> <li class="article-list__item article-list__item--0 six-col-vertical__item six-col-vertical__item--0 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Banking"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/money/investing/stocks-shares/how-start-trading-forex-beginner/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">How to start trading forex as a beginner</span> </span> </a> </h2> <!-- Save button logic --> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/money/2024/11/22/TELEMMGLPICT000402248590_17322825015460_trans_NvBQzQNjv4Bq1LVUk0WFFvOzZq93y3eEPsv6_vIBu5GENjgrlTmtwjE.jpeg?imwidth=320" media="( min-width: 1280px )"/> <source srcset="/content/dam/money/2024/11/22/TELEMMGLPICT000402248590_17322825015460_trans_NvBQzQNjv4Bq1LVUk0WFFvOzZq93y3eEPsv6_vIBu5GENjgrlTmtwjE.jpeg?imwidth=210" media="( min-width: 1024px )"/> <source srcset="/content/dam/money/2024/11/22/TELEMMGLPICT000402248590_17322825015460_trans_NvBQzQNjv4Bq1LVUk0WFFvOzZq93y3eEPsv6_vIBu5GENjgrlTmtwjE.jpeg?imwidth=320" media="( min-width: 768px )"/> <source srcset="/content/dam/money/2024/11/22/TELEMMGLPICT000402248590_17322825015460_trans_NvBQzQNjv4Bq1LVUk0WFFvOzZq93y3eEPsv6_vIBu5GENjgrlTmtwjE.jpeg?imwidth=320&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/money/2024/11/22/TELEMMGLPICT000402248590_17322825015460_trans_NvBQzQNjv4Bq1LVUk0WFFvOzZq93y3eEPsv6_vIBu5GENjgrlTmtwjE.jpeg?imwidth=320" media="( min-width: 350px )"/> <img src="/content/dam/money/2024/11/22/TELEMMGLPICT000402248590_17322825015460_trans_NvBQzQNjv4Bq1LVUk0WFFvOzZq93y3eEPsv6_vIBu5GENjgrlTmtwjE.jpeg?imwidth=350" loading="lazy" alt="Forex Trading" data-test="card-image" width="25000000" height="15630246"/> </picture> </figure> </div> </article> </li> <li class="article-list__item article-list__item--1 six-col-vertical__item six-col-vertical__item--1 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Banking"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/politics/2024/11/22/rachel-reevess-real-job-titles-revealed-cv-edit/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Rachel Reeves’s real job titles revealed after her CV edit</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> <li class="article-list__item article-list__item--2 six-col-vertical__item six-col-vertical__item--2 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Banking"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/22/oppressive-city-regulator-failed-prevent-car-finance-scanda/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">How the car finance scandal slipped through the net</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-col-md-2"> <section class="article-list article-list-six-col-vertical article-list--six-col-vertical" data-test="article-list-six-col-vertical"> <div class="article-list__heading "> <div class="article-list__heading-link-wrapper " data-test="article-list-heading-link-wrapper"> <a href="/retail-and-consumer-industry/" class="article-list__heading-link" data-test="article-list-heading-link"> <h2 class="article-list__heading-title u-heading-7 " data-test="article-list-heading-title">Retail </h2> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#de0000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#de0000" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__meta-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1792 1792"> <g id="arrowHeadPointingRight"> <polygon points="918,896 470,1736 526,1792 1422,896 526,0 470,56"/> </g> </svg> </div> </a> </div> </div> <ul class="article-list__list grid"> <li class="article-list__item article-list__item--0 six-col-vertical__item six-col-vertical__item--0 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Retail"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/asdas-ex-boss-returns-as-supermarket-struggles-with-sales-s/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Asda’s ex-boss returns as supermarket struggles with sales slump</span> </span> </a> </h2> <!-- Save button logic --> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/business/2024/11/23/TELEMMGLPICT000374238379_17323738862700_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=320" media="( min-width: 1280px )"/> <source srcset="/content/dam/business/2024/11/23/TELEMMGLPICT000374238379_17323738862700_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=210" media="( min-width: 1024px )"/> <source srcset="/content/dam/business/2024/11/23/TELEMMGLPICT000374238379_17323738862700_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=320" media="( min-width: 768px )"/> <source srcset="/content/dam/business/2024/11/23/TELEMMGLPICT000374238379_17323738862700_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=320&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/business/2024/11/23/TELEMMGLPICT000374238379_17323738862700_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=320" media="( min-width: 350px )"/> <img src="/content/dam/business/2024/11/23/TELEMMGLPICT000374238379_17323738862700_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf0Rf_Wk3V23H2268P_XkPxc.jpeg?imwidth=350" loading="lazy" alt="Allan Leighton" data-test="card-image" width="25000000" height="15629792"/> </picture> </figure> </div> </article> </li> <li class="article-list__item article-list__item--1 six-col-vertical__item six-col-vertical__item--1 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Retail"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/sir-jim-ratcliffes-belstaff-loses-another-18m/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Sir Jim Ratcliffe’s leather jacket brand loses another £18m</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> <li class="article-list__item article-list__item--2 six-col-vertical__item six-col-vertical__item--2 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Retail"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/21/mike-ashley-boohoo-shareholders-oust-founder-results/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Mike Ashley urges Boohoo shareholders to oust founder after results ‘catastrophe’</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-col-md-2"> <section class="article-list article-list-six-col-vertical article-list--six-col-vertical" data-test="article-list-six-col-vertical"> <div class="article-list__heading "> <div class="article-list__heading-link-wrapper " data-test="article-list-heading-link-wrapper"> <a href="/jobs-and-employment/" class="article-list__heading-link" data-test="article-list-heading-link"> <h2 class="article-list__heading-title u-heading-7 " data-test="article-list-heading-title">Jobs </h2> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#de0000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#de0000" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__meta-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1792 1792"> <g id="arrowHeadPointingRight"> <polygon points="918,896 470,1736 526,1792 1422,896 526,0 470,56"/> </g> </svg> </div> </a> </div> </div> <ul class="article-list__list grid"> <li class="article-list__item article-list__item--0 six-col-vertical__item six-col-vertical__item--0 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Jobs"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/24/net-migration-at-unsustainable-levels-government-adviser/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Net migration at ‘unsustainable’ levels, says government adviser</span> </span> </a> </h2> <!-- Save button logic --> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402628545_17323037044960_trans_NvBQzQNjv4BqK3Ytq28vYzV8vgytz3tt2zw7fjCv6ssUa3zXACBM5Qs.jpeg?imwidth=320" media="( min-width: 1280px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402628545_17323037044960_trans_NvBQzQNjv4BqK3Ytq28vYzV8vgytz3tt2zw7fjCv6ssUa3zXACBM5Qs.jpeg?imwidth=210" media="( min-width: 1024px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402628545_17323037044960_trans_NvBQzQNjv4BqK3Ytq28vYzV8vgytz3tt2zw7fjCv6ssUa3zXACBM5Qs.jpeg?imwidth=320" media="( min-width: 768px )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402628545_17323037044960_trans_NvBQzQNjv4BqK3Ytq28vYzV8vgytz3tt2zw7fjCv6ssUa3zXACBM5Qs.jpeg?imwidth=320&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/business/2024/11/22/TELEMMGLPICT000402628545_17323037044960_trans_NvBQzQNjv4BqK3Ytq28vYzV8vgytz3tt2zw7fjCv6ssUa3zXACBM5Qs.jpeg?imwidth=320" media="( min-width: 350px )"/> <img src="/content/dam/business/2024/11/22/TELEMMGLPICT000402628545_17323037044960_trans_NvBQzQNjv4BqK3Ytq28vYzV8vgytz3tt2zw7fjCv6ssUa3zXACBM5Qs.jpeg?imwidth=350" loading="lazy" alt="Brian Bell" data-test="card-image" width="25000000" height="15630521"/> </picture> </figure> </div> </article> </li> <li class="article-list__item article-list__item--1 six-col-vertical__item six-col-vertical__item--1 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Jobs"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/politics/2024/11/23/labours-plan-to-get-britain-working-means-the-end-of-a-life/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Labour’s plan to get Britain working means the end of a life on benefits</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> <li class="article-list__item article-list__item--2 six-col-vertical__item six-col-vertical__item--2 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Jobs"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/23/productivity-real-black-hole-in-public-finances/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">The real black hole is not in public finances</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-col-md-2"> <section class="article-list article-list-six-col-vertical article-list--six-col-vertical" data-test="article-list-six-col-vertical"> <div class="article-list__heading "> <div class="article-list__heading-link-wrapper " data-test="article-list-heading-link-wrapper"> <a href="/energy-industry/" class="article-list__heading-link" data-test="article-list-heading-link"> <h2 class="article-list__heading-title u-heading-7 " data-test="article-list-heading-title">Energy </h2> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#de0000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#de0000" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__meta-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1792 1792"> <g id="arrowHeadPointingRight"> <polygon points="918,896 470,1736 526,1792 1422,896 526,0 470,56"/> </g> </svg> </div> </a> </div> </div> <ul class="article-list__list grid"> <li class="article-list__item article-list__item--0 six-col-vertical__item six-col-vertical__item--0 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Energy"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/politics/2024/11/23/putin-ready-to-cripple-britain-in-cyber-war/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Putin ready to cripple Britain with cyber attacks, minister warns</span> </span> </a> </h2> <!-- Save button logic --> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/politics/2024/11/23/TELEMMGLPICT000402730120_17323860748190_trans_NvBQzQNjv4Bqxx-aMjhNEyvNcPOg7e3c1JgojZYlP8f0i9h2tPqCNsM.jpeg?imwidth=320" media="( min-width: 1280px )"/> <source srcset="/content/dam/politics/2024/11/23/TELEMMGLPICT000402730120_17323860748190_trans_NvBQzQNjv4Bqxx-aMjhNEyvNcPOg7e3c1JgojZYlP8f0i9h2tPqCNsM.jpeg?imwidth=210" media="( min-width: 1024px )"/> <source srcset="/content/dam/politics/2024/11/23/TELEMMGLPICT000402730120_17323860748190_trans_NvBQzQNjv4Bqxx-aMjhNEyvNcPOg7e3c1JgojZYlP8f0i9h2tPqCNsM.jpeg?imwidth=320" media="( min-width: 768px )"/> <source srcset="/content/dam/politics/2024/11/23/TELEMMGLPICT000402730120_17323860748190_trans_NvBQzQNjv4Bqxx-aMjhNEyvNcPOg7e3c1JgojZYlP8f0i9h2tPqCNsM.jpeg?imwidth=320&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/politics/2024/11/23/TELEMMGLPICT000402730120_17323860748190_trans_NvBQzQNjv4Bqxx-aMjhNEyvNcPOg7e3c1JgojZYlP8f0i9h2tPqCNsM.jpeg?imwidth=320" media="( min-width: 350px )"/> <img src="/content/dam/politics/2024/11/23/TELEMMGLPICT000402730120_17323860748190_trans_NvBQzQNjv4Bqxx-aMjhNEyvNcPOg7e3c1JgojZYlP8f0i9h2tPqCNsM.jpeg?imwidth=350" loading="lazy" alt="The warning comes days after Vladimir Putin said that his military could target the UK in response to Ukraine's use of Storm Shadow missiles" data-test="card-image" width="25000000" height="15593600"/> </picture> </figure> </div> </article> </li> <li class="article-list__item article-list__item--1 six-col-vertical__item six-col-vertical__item--1 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Energy"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/news/2024/11/23/milibands-promises-of-cheap-and-easy-energy-dont-add-up/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Miliband’s promises of cheap and easy energy don’t add up</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> <li class="article-list__item article-list__item--2 six-col-vertical__item six-col-vertical__item--2 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Energy"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/news/2024/11/21/government-to-relax-noise-restrictions-on-heat-pumps/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Government to relax noise restrictions on heat pumps for net zero</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-col-md-2"> <section class="article-list article-list-six-col-vertical article-list--six-col-vertical" data-test="article-list-six-col-vertical"> <div class="article-list__heading "> <div class="article-list__heading-link-wrapper " data-test="article-list-heading-link-wrapper"> <a href="/transport-and-industry/" class="article-list__heading-link" data-test="article-list-heading-link"> <h2 class="article-list__heading-title u-heading-7 " data-test="article-list-heading-title">Transport </h2> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#de0000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#de0000" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__meta-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1792 1792"> <g id="arrowHeadPointingRight"> <polygon points="918,896 470,1736 526,1792 1422,896 526,0 470,56"/> </g> </svg> </div> </a> </div> </div> <ul class="article-list__list grid"> <li class="article-list__item article-list__item--0 six-col-vertical__item six-col-vertical__item--0 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Transport"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/news/2024/11/23/risk-to-life-warning-as-storm-bert-hits-britain/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Storm Bert: ‘Worst is to come’ as thousands of homes without power</span> </span> </a> </h2> <!-- Save button logic --> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/news/2024/11/23/TELEMMGLPICT000402800309_17323661963250_trans_NvBQzQNjv4BqD3d2dmOlWYuQkR76XZjLQKOylOV7i1cNNz18XOj47vE.jpeg?imwidth=320" media="( min-width: 1280px )"/> <source srcset="/content/dam/news/2024/11/23/TELEMMGLPICT000402800309_17323661963250_trans_NvBQzQNjv4BqD3d2dmOlWYuQkR76XZjLQKOylOV7i1cNNz18XOj47vE.jpeg?imwidth=210" media="( min-width: 1024px )"/> <source srcset="/content/dam/news/2024/11/23/TELEMMGLPICT000402800309_17323661963250_trans_NvBQzQNjv4BqD3d2dmOlWYuQkR76XZjLQKOylOV7i1cNNz18XOj47vE.jpeg?imwidth=320" media="( min-width: 768px )"/> <source srcset="/content/dam/news/2024/11/23/TELEMMGLPICT000402800309_17323661963250_trans_NvBQzQNjv4BqD3d2dmOlWYuQkR76XZjLQKOylOV7i1cNNz18XOj47vE.jpeg?imwidth=320&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/news/2024/11/23/TELEMMGLPICT000402800309_17323661963250_trans_NvBQzQNjv4BqD3d2dmOlWYuQkR76XZjLQKOylOV7i1cNNz18XOj47vE.jpeg?imwidth=320" media="( min-width: 350px )"/> <img src="/content/dam/news/2024/11/23/TELEMMGLPICT000402800309_17323661963250_trans_NvBQzQNjv4BqD3d2dmOlWYuQkR76XZjLQKOylOV7i1cNNz18XOj47vE.jpeg?imwidth=350" loading="lazy" alt="Waves crash at Penzance on Saturday morning" data-test="card-image" width="25000000" height="15629355"/> </picture> </figure> </div> </article> </li> <li class="article-list__item article-list__item--1 six-col-vertical__item six-col-vertical__item--1 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Transport"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/20/crazy-jaguar-rebrand-will-drive-away-customers/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Jaguar’s bizarre rebrand will drive away customers</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> <li class="article-list__item article-list__item--2 six-col-vertical__item six-col-vertical__item--2 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Transport"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/business/2024/11/19/british-airways-flight-chaos-fixed-faster-after-750m-it/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">British Airways flight chaos ‘fixed faster after £750m IT investment’</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> </ul> </section> </div> <div class="grid-col grid-col-12 grid-col-sm-4 grid-col-md-2"> <section class="article-list article-list-six-col-vertical article-list--six-col-vertical" data-test="article-list-six-col-vertical"> <div class="article-list__heading "> <div class="article-list__heading-link-wrapper " data-test="article-list-heading-link-wrapper"> <a href="/business/questor/" class="article-list__heading-link" data-test="article-list-heading-link"> <h2 class="article-list__heading-title u-heading-7 " data-test="article-list-heading-title">Questor </h2> <div class="article-list__meta"> <svg class="article-list__meta-icon article-list__gl-icon" viewBox="0 0 10 10" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M4.99993 9L9 5.00001L4.99993 1" fill="none" stroke="#de0000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="bevel"/> <path d="M9 5H1" stroke="#de0000" stroke-width="1.5" stroke-linecap="round"/> </svg> <svg class="article-list__meta-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1792 1792"> <g id="arrowHeadPointingRight"> <polygon points="918,896 470,1736 526,1792 1422,896 526,0 470,56"/> </g> </svg> </div> </a> </div> </div> <ul class="article-list__list grid"> <li class="article-list__item article-list__item--0 six-col-vertical__item six-col-vertical__item--0 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Questor"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/money/investing/stocks-shares/volatile-share-price-not-stop-buying-income-generator-smith/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">A volatile share price should not stop you buying Smiths Group</span> </span> </a> </h2> <!-- Save button logic --> </div> <div class="card__thumbnail u-order-first card__thumbnail--landscape"> <figure class="card__figure"> <picture class=" "> <source srcset="/content/dam/money/2024/11/21/TELEMMGLPICT000390722731_17322082574830_trans_NvBQzQNjv4BqgsaO8O78rhmZrDxTlQBjdGLvJF5WfpqnBZShRL_tOZw.jpeg?imwidth=320" media="( min-width: 1280px )"/> <source srcset="/content/dam/money/2024/11/21/TELEMMGLPICT000390722731_17322082574830_trans_NvBQzQNjv4BqgsaO8O78rhmZrDxTlQBjdGLvJF5WfpqnBZShRL_tOZw.jpeg?imwidth=210" media="( min-width: 1024px )"/> <source srcset="/content/dam/money/2024/11/21/TELEMMGLPICT000390722731_17322082574830_trans_NvBQzQNjv4BqgsaO8O78rhmZrDxTlQBjdGLvJF5WfpqnBZShRL_tOZw.jpeg?imwidth=320" media="( min-width: 768px )"/> <source srcset="/content/dam/money/2024/11/21/TELEMMGLPICT000390722731_17322082574830_trans_NvBQzQNjv4BqgsaO8O78rhmZrDxTlQBjdGLvJF5WfpqnBZShRL_tOZw.jpeg?imwidth=320&imdensity=2" media="( min-width: 350px ) and ( -webkit-min-device-pixel-ratio: 2 )"/> <source srcset="/content/dam/money/2024/11/21/TELEMMGLPICT000390722731_17322082574830_trans_NvBQzQNjv4BqgsaO8O78rhmZrDxTlQBjdGLvJF5WfpqnBZShRL_tOZw.jpeg?imwidth=320" media="( min-width: 350px )"/> <img src="/content/dam/money/2024/11/21/TELEMMGLPICT000390722731_17322082574830_trans_NvBQzQNjv4BqgsaO8O78rhmZrDxTlQBjdGLvJF5WfpqnBZShRL_tOZw.jpeg?imwidth=350" loading="lazy" alt="Skyscrapers beyond the River Thames in the Square Mile financial district of the City of London" data-test="card-image" width="20000000" height="12499580"/> </picture> </figure> </div> </article> </li> <li class="article-list__item article-list__item--1 six-col-vertical__item six-col-vertical__item--1 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Questor"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/money/investing/stocks-shares/literacy-capital-private-equity-trust-entry-questor/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Post-Budget blues offer investors an attractive entry to this storied investment trust</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> <li class="article-list__item article-list__item--2 six-col-vertical__item six-col-vertical__item--2 grid-col grid-col-12 grid-col-6 article-list__item--lead grid-col-sm-12 grid-col-sm-3 "> <article data-test="card" data-track="" data-test-save="save-article-enabled" data-save-article-enabled="true" class="card u-clickable-area card--feature-switch card--premium card--not-opinion "> <div class="card__content " data-test="article-comment-content"> <h2 class="list-headline list-headline--premium u-heading-7" data-track-wrapper="article-list Questor"> <a class="list-headline__link u-clickable-area__link" data-track-block data-test="list-headline-link" rel=" " href="/money/investing/stocks-shares/vimto-slush-puppie-maker-nichols-sparkles-after-100-years/"> <span class="u-heading-7 list-headline__text" data-test="headline"> <span class=" ">Why shares in Vimto and Slush Puppie maker continue to reward investors after 100 years</span> </span> </a> </h2> <!-- Save button logic --> </div> </article> </li> </ul> </section> </div> </div> </section> </main> <footer class="site-footer" data-test="site-footer"> <div class="site-footer__container site-footer__container--top"> <div class="site-footer__masthead" data-track-wrapper="bottom_logo"> <div class="site-footer__logo-wrapper"> <a href="/" class="site-footer__logo-link" data-track-img data-test="site-footer-logo-link"> <svg class="site-footer__logo" viewBox="0 0 320 52" xmlns="http://www.w3.org/2000/svg" data-test="site-footer-logo"> <title id="site-footer-logo-title">The Telegraph</title> <use xlink:href="#site-logo"/> </svg> </a> </div> <div class="site-footer__back-to-top"> <a href="#navigation" class="site-footer__back-to-top-link" data-back-to-top-event data-test="site-footer-back-to-top"> <span class="site-footer__back-to-top-text">Back to top</span> <svg class="site-footer__back-to-top-icon tmg-svg-icon" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 10 5"> <path d="M.312 0L5 2.353 9.687 0 10 .294 5 5 0 .294.312 0z"/> </svg> </a> </div> <div class="site-footer__social" data-test="site-footer-social"> <span class="site-footer__social-description">Follow us on:</span> <ul class="site-footer__social-links" data-test="social-links"> <li class="site-footer__social-item"> <a href="https://www.facebook.com/TELEGRAPH.CO.UK/" class="site-footer__social-link" data-test="social-link-facebook" aria-label="Visit our Facebook page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="site-footer__social-icon"> <title>Facebook icon</title> <path d="M11.1973 18V10.7122H13.5654L13.9202 7.85967H11.1973V6.04325C11.1973 5.21877 11.4173 4.65746 12.5561 4.65746H14V2.11226C13.7481 2.07729 12.8878 2 11.8856 2C9.79246 2 8.3592 3.32505 8.3592 5.75983V7.85967H6V10.7122H8.3592V18H11.1973Z"/> </svg> </a> </li> <li class="site-footer__social-item"> <a href="https://www.instagram.com/telegraph/" class="site-footer__social-link" data-test="social-link-instagram" aria-label="Visit our Instagram page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="site-footer__social-icon"> <title>Instagram icon</title> <path fill-rule="evenodd" clip-rule="evenodd" d="M9.99683 3.44156C12.1333 3.44156 12.3841 3.45108 13.2286 3.48918C14.0095 3.52411 14.4317 3.6543 14.7143 3.76543C15.0889 3.91149 15.3556 4.08295 15.6349 4.36237C15.9143 4.64179 16.0889 4.90851 16.2317 5.28319C16.3397 5.56579 16.473 5.98809 16.5079 6.7692C16.546 7.61381 16.5556 7.86466 16.5556 10.0016C16.5556 12.1385 16.546 12.3894 16.5079 13.234C16.473 14.0151 16.3429 14.4374 16.2317 14.72C16.0857 15.0947 15.9143 15.3614 15.6349 15.6408C15.3556 15.9202 15.0889 16.0949 14.7143 16.2377C14.4317 16.3457 14.0095 16.4791 13.2286 16.514C12.3841 16.5521 12.1333 16.5616 9.99683 16.5616C7.86032 16.5616 7.60952 16.5521 6.76508 16.514C5.98413 16.4791 5.56191 16.3489 5.27937 16.2377C4.90476 16.0917 4.6381 15.9202 4.35873 15.6408C4.07937 15.3614 3.90476 15.0947 3.7619 14.72C3.65397 14.4374 3.52064 14.0151 3.48571 13.234C3.44762 12.3894 3.4381 12.1385 3.4381 10.0016C3.4381 7.86466 3.44762 7.61381 3.48571 6.7692C3.52064 5.98809 3.65079 5.56579 3.7619 5.28319C3.90794 4.90851 4.07937 4.64179 4.35873 4.36237C4.6381 4.08295 4.90476 3.90832 5.27937 3.76543C5.56191 3.65747 5.98413 3.52411 6.76508 3.48918C7.60952 3.44791 7.86349 3.44156 9.99683 3.44156ZM9.99683 2C7.8254 2 7.55238 2.00953 6.69841 2.04763C5.84762 2.08573 5.26667 2.22227 4.75873 2.41913C4.23175 2.62235 3.7873 2.89859 3.34286 3.34312C2.89841 3.78766 2.6254 4.23536 2.41905 4.75928C2.22222 5.26732 2.08571 5.84838 2.04762 6.70252C2.00952 7.55348 2 7.82655 2 9.99841C2 12.1703 2.00952 12.4433 2.04762 13.2975C2.08571 14.1484 2.22222 14.7295 2.41905 15.2407C2.62222 15.7678 2.89841 16.2123 3.34286 16.6569C3.7873 17.1014 4.23492 17.3745 4.75873 17.5809C5.26667 17.7777 5.84762 17.9143 6.70159 17.9524C7.55556 17.9905 7.8254 18 10 18C12.1746 18 12.4444 17.9905 13.2984 17.9524C14.1492 17.9143 14.7302 17.7777 15.2413 17.5809C15.7683 17.3777 16.2127 17.1014 16.6571 16.6569C17.1016 16.2123 17.3746 15.7646 17.581 15.2407C17.7778 14.7327 17.9143 14.1516 17.9524 13.2975C17.9905 12.4433 18 12.1734 18 9.99841C18 7.82338 17.9905 7.55348 17.9524 6.69935C17.9143 5.84838 17.7778 5.26732 17.581 4.7561C17.3778 4.22901 17.1016 3.78448 16.6571 3.33995C16.2127 2.89542 15.7651 2.62235 15.2413 2.41596C14.7333 2.21909 14.1524 2.08256 13.2984 2.04445C12.4413 2.00953 12.1683 2 9.99683 2ZM9.99661 5.89313C7.72994 5.89313 5.88867 7.73159 5.88867 10.0019C5.88867 12.2722 7.72677 14.1106 9.99661 14.1106C12.2665 14.1106 14.1045 12.2722 14.1045 10.0019C14.1045 7.73159 12.2665 5.89313 9.99661 5.89313ZM9.99661 12.6659C8.52359 12.6659 7.32994 11.472 7.32994 9.9987C7.32994 8.5254 8.52359 7.33151 9.99661 7.33151C11.4696 7.33151 12.6633 8.5254 12.6633 9.9987C12.6633 11.472 11.4696 12.6659 9.99661 12.6659ZM15.2258 5.72778C15.2258 6.25738 14.7966 6.6867 14.2671 6.6867C13.7376 6.6867 13.3083 6.25738 13.3083 5.72778C13.3083 5.19818 13.7376 4.76886 14.2671 4.76886C14.7966 4.76886 15.2258 5.19818 15.2258 5.72778Z"/> </svg> </a> </li> <li class="site-footer__social-item"> <a href="https://twitter.com/@Telegraph" class="site-footer__social-link" data-test="social-link-twitter" aria-label="Visit our Twitter page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="site-footer__social-icon"> <title>X icon</title> <path d="M11.4894 8.77491L17.3177 2H15.9366L10.8759 7.88256L6.83392 2H2.172L8.28424 10.8955L2.172 18H3.55319L8.89742 11.7878L13.166 18H17.828L11.4891 8.77491H11.4894ZM9.59768 10.9738L8.97839 10.0881L4.05086 3.03974H6.17229L10.1489 8.72795L10.7682 9.61374L15.9372 17.0075H13.8158L9.59768 10.9742V10.9738Z"/> </svg> </a> </li> <li class="site-footer__social-item"> <a href="https://www.snapchat.com/discover/The_Telegraph/8148798159" class="site-footer__social-link" data-test="social-link-snapchat" aria-label="Visit our Snapchat page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="site-footer__social-icon"> <title>Snapchat icon</title> <path d="M17.9422 13.7043C17.8318 13.3971 17.6194 13.2311 17.3783 13.0983C17.3334 13.0734 17.2925 13.0485 17.2558 13.0319C17.1822 12.9946 17.1087 12.9572 17.0351 12.9198C16.2834 12.5131 15.695 12.0067 15.2905 11.4008C15.1761 11.2306 15.074 11.048 14.9923 10.8612C14.9555 10.7616 14.9596 10.7035 14.9841 10.6495C15.0086 10.608 15.0413 10.5748 15.0821 10.5458C15.2129 10.4586 15.3436 10.3715 15.4335 10.3134C15.5929 10.2054 15.7236 10.1224 15.8053 10.0643C16.1118 9.84436 16.3283 9.61193 16.4631 9.35045C16.6552 8.98521 16.6797 8.55772 16.5326 8.17172C16.3283 7.62386 15.8217 7.28768 15.2047 7.28768C15.074 7.28768 14.9473 7.30013 14.8166 7.32918C14.7839 7.33748 14.7471 7.34578 14.7144 7.35409C14.7185 6.98054 14.7103 6.58625 14.6777 6.19611C14.5633 4.83061 14.0893 4.11673 13.599 3.54812C13.2844 3.19118 12.9167 2.8882 12.5041 2.65162C11.7605 2.21997 10.9147 2 9.99542 2C9.07613 2 8.23447 2.21997 7.49087 2.65162C7.07821 2.8882 6.7105 3.19118 6.39589 3.54812C5.90561 4.11673 5.43575 4.83476 5.31726 6.19611C5.28458 6.58625 5.27641 6.98054 5.28049 7.35409C5.24781 7.34578 5.21512 7.33748 5.17835 7.32918C5.05169 7.30013 4.92095 7.28768 4.79429 7.28768C4.17735 7.28768 3.67072 7.62802 3.46643 8.17172C3.31934 8.55772 3.34386 8.98521 3.53589 9.35045C3.67072 9.61193 3.88726 9.84436 4.19369 10.0643C4.2754 10.1224 4.40206 10.2054 4.56549 10.3134C4.65129 10.3715 4.77795 10.4545 4.90461 10.5375C4.94955 10.5665 4.98632 10.6039 5.01492 10.6495C5.03943 10.7035 5.04352 10.7616 5.00266 10.8695C4.92095 11.0521 4.82289 11.2306 4.70849 11.3966C4.31218 11.986 3.74017 12.4882 3.01291 12.8908C2.62886 13.0983 2.22846 13.2353 2.05685 13.7043C1.9302 14.0571 2.01191 14.4555 2.33468 14.7959C2.45317 14.9204 2.59208 15.0283 2.74326 15.1113C3.05786 15.2856 3.39289 15.4226 3.74426 15.518C3.8178 15.5388 3.88317 15.5678 3.94446 15.6093C4.06295 15.7131 4.0466 15.8708 4.20186 16.1032C4.27949 16.2236 4.38163 16.3274 4.49603 16.4104C4.82698 16.6428 5.19878 16.6553 5.59101 16.6719C5.94647 16.6843 6.34687 16.7009 6.80855 16.8545C7.00058 16.9167 7.1967 17.0412 7.4255 17.1865C7.97707 17.531 8.72884 18 9.99133 18C11.2538 18 12.0097 17.5268 12.5653 17.1824C12.7941 17.0412 12.9903 16.9167 13.1741 16.8545C13.6317 16.7009 14.0362 16.6843 14.3917 16.6719C14.7839 16.6553 15.1557 16.6428 15.4866 16.4104C15.6255 16.3108 15.7399 16.1863 15.8217 16.0368C15.9361 15.8418 15.932 15.7048 16.0382 15.6093C16.0954 15.5678 16.1608 15.5388 16.2262 15.5222C16.5775 15.4267 16.9207 15.2898 17.2394 15.1113C17.3988 15.0241 17.5458 14.9079 17.6684 14.7709L17.6725 14.7668C17.9912 14.4348 18.0688 14.0446 17.9422 13.7043ZM16.8227 14.3144C16.1404 14.6962 15.6827 14.6547 15.3314 14.8872C15.029 15.0822 15.2088 15.5056 14.9923 15.6591C14.7226 15.8459 13.93 15.6467 12.9085 15.9912C12.0628 16.2734 11.5276 17.0911 10.0077 17.0911C8.48779 17.0911 7.96481 16.2776 7.10681 15.9912C6.08538 15.6467 5.29275 15.8501 5.02309 15.6591C4.80655 15.5056 4.98223 15.0822 4.68398 14.8872C4.32852 14.6547 3.875 14.6962 3.19269 14.3144C2.75551 14.0695 3.00474 13.9201 3.14774 13.8495C5.62369 12.6335 6.02001 10.7533 6.03635 10.6122C6.05678 10.442 6.08129 10.3092 5.89744 10.139C5.72175 9.97302 4.93729 9.47912 4.71666 9.32555C4.35712 9.06822 4.19777 8.81505 4.31626 8.49961C4.39798 8.28379 4.59818 8.20078 4.80655 8.20078C4.87192 8.20078 4.93729 8.20908 5.00266 8.22153C5.39898 8.30869 5.78304 8.50791 6.00367 8.56602C6.03227 8.57432 6.05678 8.57847 6.08538 8.57847C6.20387 8.57847 6.24472 8.51621 6.23655 8.37925C6.21204 7.9393 6.15075 7.08431 6.22021 6.28327C6.31418 5.1834 6.66147 4.63554 7.07821 4.15409C7.27841 3.92166 8.21404 2.91725 10.0077 2.91725C11.8013 2.91725 12.7369 3.91751 12.9371 4.14994C13.3539 4.63139 13.7012 5.17925 13.7951 6.27912C13.8646 7.08016 13.8033 7.93515 13.7747 8.3751C13.7665 8.52036 13.8074 8.57432 13.9259 8.57432C13.9545 8.57432 13.979 8.57017 14.0076 8.56187C14.2282 8.50791 14.6123 8.30454 15.0086 8.21738C15.074 8.20078 15.1393 8.19663 15.2047 8.19663C15.4131 8.19663 15.6133 8.27964 15.695 8.49546C15.8135 8.81089 15.6541 9.06407 15.2946 9.3214C15.0781 9.47497 14.2936 9.96887 14.1138 10.1349C13.93 10.3051 13.9545 10.4379 13.9749 10.608C13.9913 10.7492 14.3876 12.6293 16.8635 13.8454C17.0106 13.916 17.2558 14.0695 16.8227 14.3144Z"/> </svg> </a> </li> <li class="site-footer__social-item"> <a href="https://www.linkedin.com/company/9053/" class="site-footer__social-link" data-test="social-link-linkedin" aria-label="Visit our LinkedIn page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="site-footer__social-icon"> <title>LinkedIn icon</title> <path d="M5.51774 18H2.22695V7.33333H5.51774V18ZM3.92907 5.85816C2.9078 5.85816 2 4.95035 2 3.92908C2 2.9078 2.9078 2 3.92907 2C4.95035 2 5.85815 2.9078 5.85815 3.92908C5.85815 4.95035 4.95035 5.85816 3.92907 5.85816ZM18 18H14.7092V12.7801C14.7092 11.5319 14.7092 9.94326 13.0071 9.94326C11.305 9.94326 10.9645 11.305 10.9645 12.6667V17.8865H7.67376V7.21986H10.8511V8.69504C11.5319 7.56028 12.6667 6.87943 14.0284 6.99291C17.4326 6.99291 18 9.14894 18 12.0993V18Z"/> </svg> </a> </li> <li class="site-footer__social-item"> <a href="https://www.youtube.com/channel/UCPgLNge0xqQHWM5B5EFH9Cg" class="site-footer__social-link" data-test="social-link-youtube" aria-label="Visit our YouTube page" target="_blank" rel="noopener noreferrer"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" class="site-footer__social-icon"> <title>YouTube icon</title> <path d="M17.6636 6.07372C17.4818 5.37326 16.9364 4.82027 16.2455 4.62672C15 4.28571 10 4.28571 10 4.28571C10 4.28571 5 4.28571 3.74545 4.62672C3.05455 4.81105 2.51818 5.36405 2.32727 6.07372C2 7.34561 2 9.99999 2 9.99999C2 9.99999 2 12.6544 2.33636 13.9263C2.51818 14.6267 3.06364 15.1797 3.75455 15.3733C5 15.7143 10 15.7143 10 15.7143C10 15.7143 15 15.7143 16.2545 15.3733C16.9455 15.1889 17.4818 14.6359 17.6727 13.9263C18 12.6544 18 9.99999 18 9.99999C18 9.99999 18 7.34561 17.6636 6.07372Z"/> <path class="youtube-arrow" d="M8.36353 12.4141L12.5454 9.99937L8.36353 7.58463V12.4141Z"/> </svg> </a> </li> </ul> </div> </div> </div> <div class="site-footer__primary-content"> <div class="site-footer__container"> <nav class="site-footer__navigation"> <ul class="site-footer__navigation-list grid" data-track-wrapper="footer_nav" data-test="site-footer-navigation"> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://www.telegraph.co.uk/customer/subsdigitaleditionapp/" data-track-txt>Download the Telegraph App</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/contact-us/" data-track-txt>Help Centre</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://telegraphmediagroup.com/about-us/" data-track-txt>About us</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://extra.telegraph.co.uk/" data-track-txt>Telegraph Extra</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://telegraph.newsprints.co.uk/" data-track-txt>Reader Prints</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/branded-content/" data-track-txt>Branded Content</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/syndication/" data-track-txt>Syndication and Commissioning</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://fantasyfootball.telegraph.co.uk/" data-track-txt>Fantasy Sport</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://www.telegraph.co.uk/vouchercodes" data-track-txt>UK Voucher Codes</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/betting/free-bets/" data-track-txt>Betting Offers</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/about-us/press-acquisitions-limited-tax-strategy-financial-year-2022/" data-track-txt>Tax Strategy</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://www.telegraph.co.uk/compare" data-track-txt>Broadband and Mobile Deals</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://telegraph.co.uk/newsletters" data-track-txt>Newsletters</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/about-us/privacy-and-cookie-policy/" data-track-txt>Privacy</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/about-us/terms-and-conditions/" data-track-txt>Terms & Conditions</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/about-us/modern-slavery-statement/" data-track-txt>Modern Slavery</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/about-us/advertising-terms-and-conditions/" data-track-txt>Advertising terms</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="/about-us/editorial-and-commercial-guidelines/" data-track-txt>Guidelines</a> </li> <li class="site-footer__navigation-item grid-col grid-col-6 grid-col-sm-4 grid-col-lg-3"> <a class="site-footer__navigation-link" href="https://www.chelseamagazines.com/" data-track-txt>The Chelsea Magazine Company</a> </li> </ul> <div class="site-footer__navigation-text" data-test="site-footer-copyright">© Telegraph Media Group Holdings Limited 2024</div> </nav> </div> </div> </footer> <script type="text/javascript"> window.addEventListener( 'DOMContentLoaded', function() { _satellite.pageBottom(); }); </script> <div id="advert_tmg_tmg" class="js-advert advert advert--tmg " data-adType="tmg" data-ad-slot-hidden="false" data-ad-slot-id="advert_tmg_tmg"> </div> <div id="advert_tmg_ftr" class="js-advert advert advert--ftr " data-adType="ftr" data-ad-slot-hidden="false" data-ad-slot-id="advert_tmg_ftr"> </div> </body> </html>