UK chancellor describes last week’s £40bn tax-raising Budget as a ‘one-off reset’ and one ‘we will never need . . . again’ ...

Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.

But Trump’s victory also points to an overall malaise, to the over-reach of the left’s progressive agenda, and to voters’ questioning the very purpose of democracy if it fails to deliver for them.

Kamala Harris is expected to concede her election loss to Donald Trump at 4pm Eastern time on Wednesday on the campus of ...