FirstFT: King Charles embarks on tour of nations to fortify the UK

Good morning. King Charles III will embark on a tour of the United Kingdom this week, in a public present of dedication to the structure of the UK because it comes below growing pressure.

The brand new King will tackle each homes of parliament in London as we speak earlier than embarking on a programme of visits to Scotland, Northern Eire and Wales.

This may start in Edinburgh, the place the physique of the late Queen Elizabeth II arrived yesterday after a six-hour procession from her Scottish summer season retreat of Balmoral witnessed by giant crowds alongside the route.

Liz Truss, the brand new British prime minister, will accompany King Charles at church providers throughout his tour below the phrases of long-planned official preparations. Some constitutional consultants warned that her presence risked politicising occasions designed to cement the King’s pointed promise to serve his topics “wherever you could reside in the UK”. Professional-independence analysts questioned the knowledge of permitting Truss so as to add a political dimension to the King’s first UK tour.

“It’s a strategic mistake for Charles III early on as a result of royalty is supposed to be apolitical,” mentioned Gerry Hassan, professor of social change at Glasgow Caledonian College and writer of Scotland Rising: The Case for Independence, because of be printed later this month.

After main a procession that may take his mom’s coffin up Edinburgh’s Royal Mile to St Giles’ Cathedral as we speak, King Charles will meet Nicola Sturgeon, Scotland’s first minister, and be a part of a session of the Scottish parliament involving a movement of condolence.

The King will go to Northern Eire tomorrow, and can journey to Wales on Friday.

Queen Elizabeth II met numerous folks throughout her 70 yr reign. Did she ever come to your office or group? Please share your story by way of a short form. — Sophia

5 extra tales within the information

1. Ukraine’s Reznikov warns on Russian counter-attack The nation’s defence minister has mentioned that, whereas Kyiv’s lightening offensive had gone far “higher than anticipated”, forces need to secure the vast territory — greater than 3,000 sq. kilometres — that they’ve recaptured because the starting of September.

2. China makes greater than $30bn in emergency loans Knowledge present that Beijing is rising as a formidable competitor of the western-led IMF, doling out billions of dollars in secretive loans to international locations vulnerable to monetary crises in recent times akin to Pakistan, Sri Lanka and Argentina.

3. EY China opts out of agency’s radical break-up plan A day after EY’s world chiefs permitted a plan to interrupt up the group’s audit and consulting companies in a transfer that may reshape the worldwide accounting trade, EY’s higher China follow that stretched from Hong Kong to Mongolia has confirmed it will not take part in the split.

4. Scientists uncover how air air pollution causes lung most cancers In a growth that would assist medical consultants stop and deal with tumours, a world group of scientists has made a breakthrough in identifying how air pollution causes lung cancer in individuals who have by no means smoked.

5. India’s most dear start-up below scrutiny Edtech large Byju has repeatedly failed to publish its accounts as funding and revenues dry up for the once-booming academic expertise sector. The web tutoring firm is valued at $22bn, however hasn’t obtained at the very least $250mn from two of its buyers. The corporate factors to the complexities of its $1.1bn in acquisitions throughout the 2021 monetary yr for the practically 18-month delay.

The day forward

European Central Financial institution convention The ECB’s seventh annual research conference begins as we speak, that includes displays by main economists.

Financial studies India releases its August shopper value index and July industrial manufacturing figures; the UK releases its GDP estimate and commerce figures for July.

Company earnings Oracle will launch its Q1 earnings as we speak.

Covid-19 vaccines within the EU The European Court docket of Auditors will publish a special report as we speak on the procurement of Covid-19 vaccines within the EU

What else we’re studying

Elizabeth II: an appreciation by Simon Schama The UK’s longest-serving monarch was a lot greater than a head of state. She was quintessential Britain, writes the historian and broadcaster.

Contained in the royal funds Elizabeth II was one of many world’s wealthiest people, however she had restricted capacity to revenue from or promote lots of the property over which she presided. “The Queen’s fortune” is in fact a number of highly regulated areas, most of which now move to her successor.

After Elizabeth II’s demise, what occurs subsequent? The Queen’s demise has raised a number of questions in regards to the mourning course of. Learn the FT’s short guide on the funeral, the mourning interval, and what King Charles is as much as this week.

King Charles III, a life-long apprentice, steps into the highlight By no means in British historical past has a monarch had so lengthy to arrange for the function. However the brand new king, who has beforehand revealed a lot of his opinions and emotional life, may no longer be as outspoken on the topics he has beforehand championed.

Style

As we enter a brand new season and reassess our wardrobe wants, private stylist Anna Berkeley advises which clothes are worth the investment.