A Surrey council is under intense pressure to cut £11 million a year while selling off hundreds of millions in assets. The plan is driven by a mounting £1.1 billion debt and a stark warning from the Government about looming bankruptcy.

Billionaire Ray Dalio cautions that the United States is sliding toward a 1930s-style autocracy, fueled by surging inequality and a looming debt crisis. Drawing comparisons to a tumultuous historical period, he predicts an authoritarian turn if these economic rifts go unaddressed.