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PRESS DIGEST-Financial Times - February 21

ReutersFeb 21, 2025 1:56 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Regulation risks stifling UK push for clean energy, warns infrastructure adviser

- UK consumers turn to saving as poor economic outlook saps confidence

- UK scopes plan to grant banks access to welfare claimants' accounts

- Renault will not rule out Russia return, CEO says

Overview

- Britain's approach to regulating its electricity networks risks holding back the shift away from fossil fuels by focusing too heavily on short-term costs, the government's infrastructure adviser has warned.

- UK households are prioritising saving over spending amid concerns about the gloomy economic outlook, despite lower borrowing costs providing some relief, according to research that signals a potential drag on growth.

- Ministers are examining proposals to grant banks access to all of the accounts of benefit claimants, as they try to crack down on fraud to fix a "gaping hole" in the UK welfare system.

- Renault's chief executive said the company would not rule out a return to Russia, as U.S. President Donald Trump pushes for a rapid peace deal to end the Ukraine war.

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