John Lewis ditches plan to build 10,000 homes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The John Lewis Partnership has scrapped its controversial plans to build 10,000 rental homes in the UK, citing “a fundamental shift in the economic conditions” since it launched the venture five years ago. The owner … Read more

Iran threatens escalation if US attacks

Iranian officials are threatening to escalate any conflict with the US in the wake of an American attack, indicating they will reconsider the Islamic republic’s previous doctrine of limiting retaliation to contain confrontations with Washington. Major General Abdolrahim Mousavi, chief of staff of Iran’s armed forces, said this week that while Iran’s strategy “used to … Read more

US-UK tech talks restart with focus on nuclear projects

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London and Washington have tentatively restarted work on their multibillion-pound “tech prosperity deal”, which was paused last year after President Donald Trump piled pressure on the UK to cede ground in wider trade talks. Senior … Read more

Third runway will cost £15 per passenger, Heathrow boss claims

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of Heathrow airport has said a third runway would cost only the equivalent of £15 per passenger over the course of more than a decade, as Britain’s sole hub airport laid out its … Read more

How war stopped working

Ukraine, Iraq, Afghanistan — the story of the century so far is the ineffectiveness of force

Commons Speaker told police Mandelson was a flight risk

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Metropolitan Police arrested Lord Mandelson on Monday after receiving a tip from the Speaker of the House of Commons that the former US ambassador was poised to flee to the British Virgin Islands. Lindsay … Read more

British energy bills to fall as price cap cut by 7%

Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. British household bills are set to fall after the government recategorised certain subsidy charges and axed an energy efficiency scheme, bringing the energy price cap lower. Ofgem, the energy regulator, has lowered the cap by … Read more