Live News Updates: The coming week

Former British Prime Minister Harold Wilson reportedly said that a week in politics is a long time. How long does a month feel? A very, very long time, as it turns out given the political and economic maelstrom since Liz Truss became party leader in early September. Perhaps she should have paid more attention to the advice of the FT editors.

This week, Truss will explain herself to her party, which has gathered in Birmingham for their annual conference. Although there have been reports of it Tory MP’s no-show, Truss will definitely be accompanied by her chancellor, Kwasi Kwarteng. He will speak at the conference on Monday. Truss will deliver the closing speech on Wednesday.

On the other side of the world, China’s leadership is also involved in some party management. The country begins its annual Golden Week holiday, ushering in a month of patriotic pageantry in which President Xi Jinping will receive an unprecedented third term as Communist Party general secretary and head of China’s military.

Then there are the more conventional choices. You will be able to read FT reporters’ analysis of Brazil’s “imperfect” result in the presidential election. And this Sunday Austria is going to the polls to elect its new president.

Finally, it’s going to be another big week for rocket enthusiasts as the SpaceX Crew-5 astronaut mission is scheduled for Nasa take off for the International Space Station from Kennedy Space Center in Florida – as long as Hurricane Ian does not disrupt the process.

economic data

Jobs will take center stage in what will be a fairly thin week for economic data. The US and Canada release figures on Friday.

In addition, there is an opportunity for international comparisons with the Purchasing Managers’ Index reports for manufacturing and services.


It’s another busy week for high street news. Inflation will dominate UK retailer Tesco’s half-year results: how much of it to absorb, how much to force suppliers to absorb and how much to pass on to consumers. Investors were a little taken aback in April when the supermarket chain said it would forego some profit this year to maintain pricing, but the decision now looks prescient.

Other retailers are using funds to help their employees navigate the cost of living crisis. The John Lewis Partnership will start offering free groceries to employees in department stores and Waitrose supermarkets this week. It’s not a totally disinterested move given the growing “war for talent” ahead of the busy holiday season and the employee company’s warning this month that it may not be able to pay its annual employee bonus.

Wages in the industry are rising. At least three retailers have pushed through pay rises during the year and are now also cutting benefits – including free meals, staff discounts and paid breaks.

Read the full calendar for next week here. Live News Updates: The coming week

Adam Bradshaw

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