Today News from the Financial Times

Good afternoon. London Presence is back today, flipping through the pages of the Financial Times- the UK’s best business newspaper.
Founded in 1888 by James Sheridan and his brother, the Financial Times has specialised in reporting business and financial news while maintaining an independent editorial outlook.
Printed as a broadsheet on distinctive light salmon-coloured paper, the FT is the only paper in the UK providing full daily reports on the London Stock Exchange and world markets.

Let’s see the 3 main news stories of today:
The main UK headline reads, “Inflation falls for first time in 15 months”. The article reads, “Consumer prices tumbled in October, justifying the Bank of England’s dramatic 1.5 percentage point interest rate cut earlier this month and opening the door for further reductions in the costs of borrowing, according to economists.”
We find another newspaper in more business news of the day;

“The Independent to shed quarter of journalists”. Reading on, “The Independent newspaper and its Sunday sister title will cut up to a quarter of their editorial staff in one of the most savage cuts to hit the UK newspaper industry in recent years as management seeks £10m of savings, the company said on Tuesday.”

From Business Life – “Epicentres of new austerity”. The article begins, “The party is over and the hangover has kicked in. In economies all over the western world, corporate executives and the rising stars of finance are beginning to think that this downturn could be different.”