PRESS DIGEST- Financial Times - Dec 3

Dec 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK facing 'widening gap' in ability to fight cyber threats, warns top agency - Donald Trump picks Arkansas banker Warren Stephens as ambassador to UK - St James’s Place to cut 500 jobs - Starmer to make household disposable income a key economic target Overview - Britain faces a "widening gap" in its ability to tackle cyber threats as AI and readily available technologies increase the scale and severity of attacks, the head of the country’s top cyber security agency will say on Tuesday. - U.S. President-elect Donald Trump said on Monday he had picked businessman Warren Stephens to be ambassador to Britain. - British wealth manager St James's Place SJP.L is planning to make around 500 layoffs in the coming months, a source familiar with the matter told Reuters, as intensifying competitive pressures lead the wider industry to trim costs. - British Prime Minister Keir Starmer is to target household disposable income as a new "milestone" for rating the success of his economic policies, even as aides insist he is still committed to making Britain the fastest-growing G7 economy. (Compiled by Bengaluru newsroom) (([email protected]))