Press Digest: Financial Times - October 12

Volkswagen AG

12/10/2026 24:47

Oct 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
- Andy Burnham to step up UK business outreach amid fears of Budget tax rises

- Healey's Budget will be 'fiction' without plan for £35bn hole in spending, IFS warns

- EU 'safeguards' hybrid car sector from Chinese imports under new deal

- VW chief calls for France and Germany to co-operate on China car fightback


     
Overview
- British Prime Minister Andy Burnham will step up engagement with business this week, hosting a speed-dating style reception in Downing Street with executives fearful of tax rises in the Budget and keen to know more about his plans for the UK economy.

- British finance minister John Healey risks losing bond investors' confidence and delivering a "work of fiction" Budget if he fails to explain how he will fill a £35 billion($46.32 billion) hole in the UK government's spending plans, think tank the Institute for Fiscal Studies has warned.

- The European Union will impose a quota on imports of hybrid cars from China with Beijing's tacit agreement as part of an "understanding" achieved by the two sides that averted a full-scale trade conflict.

- Volkswagen VOWG.DE Chief Executive Oliver Blume has called for greater co-operation between France and Germany to strengthen European competitiveness, saying it was not too late to respond to the threat posed by Chinese competitors. 


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 (Compiled by Bengaluru newsroom)
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