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A frosty and perhaps icy start for most on Thursday with sunshine and wintry showers in areas exposed to the northwesterly wind. Cloudier in the southwest with outbreaks of rain and hill snow moving through. Rather breezy. Wintry and blustery

Editorial 24.10.24


Thursday’s headlines continue to speculate on the upcoming October budget, due out next week. The papers report on measures they expect to be included. 

A handful of broadsheets lead with the supposed row that has erupted after Donald Trump accused the Labour Party of election interference. 

Elsewhere, other domestic stories make the front pages including the death of a former British Olympian and the remarkable story of a baby who survived after her mother fell from a block of flats in Leeds.

MoJ budget on the ‘chopping block’

‘Chancellor’s plan has sparked fury,’ reports the Mail.

The Daily Mail says the chancellors’ plan to impose national insurance on employers’ pension contributions in the private sector while sparing those in the public sector has sparked “fury.” The paper said such a move would raise £15 billion in the budget. 

‘MoJ budget on the chopping block,’ claims the i newspaper.

The i newspaper suggests the MoJ budget will be “on the chopping block” as the chancellor looks to make savings. Former justice secretaries Robert Buckland and Alex Chalk are quoted warning against the move. Buckland says “the idea there’s anything left to cut is fanciful”.

Trump accuses Labour of interference

‘US lawyer suggests meetings between Labour and Democratic officials may have broke rules,’ leads the Telegraph.

The Daily Telegraph leads on a different political story saying aides to the PM have been drawn into a row with Donald Trump over claims that Labour activists volunteering on the Kamala Harris campaign broke US electoral law. 

The paper reports that several high-ranking members of the Labour Party attended the Democratic National Convention in August. It cites a US election lawyer who suggests that conversations between Labour and Democratic officials may have violated rules prohibiting foreign involvement in election campaigns. However, the paper notes that Labour has denied holding any formal meetings with Kamala Harris’s team.

‘Trump launches extraordinary attack and could strain relations if Trump wins in November,’ reports The Times.

The Times reports that Trump has accused the Labour aides of “anti-American election interference,” claiming it is part of a “far-left” scheme to install Harris in the White House. The paper describes his remarks as an “extraordinary attack” and warns that the incident could strain UK-US relations if Trump wins the November election.

UK ban on disposable vapes

‘Labour accused of nanny state meddling as ban to come into place in June 2025,’ writes The Sun.

The Sun says there will be a UK-wide ban on disposable vapes from 1 June 2025. The paper says new laws are being drawn up to protect children’s health and the environment but some are accusing the prime minister of “nanny state meddling.” 

‘Special needs education costs expected to double to £1m within decade,’ reports The Guardian.

The Guardian says a report by the National Audit Office has found the cost of special needs education in England has hit £10bn a year. It says some local authorities have been forced towards insolvency by the rise in demand. The paper says the number of children entitled to support is expected to double to one million within a decade. 

‘Geoff Capes dies aged 75,’ writes the Mirror.

The Daily Mirror’s front page pays tribute to Olympian and professional strongman Geoff Capes who has died at the age of 75. 

‘Baby delivered after mother falls to her death from block of flats,’ leads the Metro.

The Metro reports on the delivery of a baby whose pregnant mother died after falling from the tenth floor of a tower block in Leeds. The paper carries a picture of the baby, named Posie, on a critical care unit while big sister Demi looks over her.

Sarah Wilkinson
Sarah Wilkinson@swilkinsonbc
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The israelis commit 3 massacres against families in Gaza, resulting in 19 people being killed & 91 injuries arriving at hospitals in the last 24 hours
Alex Armstrong
Alex Armstrong@alexharmstrong
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Chris Kaba’s mother asked to extend the judicial decision not to allow the press to report on Kaba’s criminal background. She DID push for the officers name to be made public, however.
Zarah Sultana
Zarah Sultana@ZarahSultana
Read More
Austerity is a political choice. Children & pensioners are being pushed into poverty while billionaire wealth skyrockets. Ahead of the Budget, we’ve written to the Chancellor demanding wealth taxes to fund public services & put the needs of the many over the greed of a few👇🏽
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France hosts Lebanon aid conference in Paris

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Polio vaccinations suspended amid Israeli bombardment

Polio vaccinations suspended amid Israeli bombardment  The UN has postponed a polio vaccination campaign in northern Gaza due to heavy Israeli bombardments and mass displacement. The campaign, aimed at providing

GKN Aerospace owner Melrose holds outlook despite supply chain challenges

Melrose Industries said it is on track to hit looming profit targets despite the industry-wide supply chain challenges plaguing the aerospace sector.

The Birmingham-based manufacturer said this morning it expects adjusted operating profit of between £550m and £570m this year and £700m in 2025.

In an update to markets, Melrose flagged a seven per cent year-on-year rise in revenue, driven by a 17 per cent jump in its Engines division.

Aerospace manufacturers, particularly the major planemaker’s Airbus and Boeing, have struggled to meet a significant ramp-up in post-Covid demand from their airline customers, as a result of long-running supply chain problems.

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Huel: Record sales as profit triples at brand backed by celebrities

Huel, which counts the likes of Idris Elba, Steven Bartlett and Jonathan Ross among its investors, has reported record sales as a profit almost tripled during its latest financial year.

The Hertfordshire-headquartered company, which is known for its vitamin-enriched food items, has reported a revenue of £214m for the 12 months to 31 July, 2024, up from the £184.5m it achieved in the prior 12 months.

Huel’s pre-tax profit also jumped from £4.7m to £13.8m over the same period, according to new figures.

The business said its products are now sold in 25,650 stores, up from 11,250.

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Average price tag on a home falls as rate cuts spark demand revival

The average price tag on a newly marketed home dropped by over £5,000 in November as buyer demand revived in the wake of the Bank of England’s recent interest rate cut.

According to Rightmove, the standard price for a newly marketed home currently sits at £366,592, a 1.4 per cent month-on-month drop.

That downward trend is steeper than usual, with a typical November fall being around 0.8 per cent.

Rightmove said its data indicated that a fall in buyers approaching estate agents following the Autumn Budget, had been offset by a rise in buyer demand after the Bank of England lowered interest rates to 4.75 per cent in only the second cut this year.

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UK inflation set to jump above target in headache for Rachel Reeves

UK inflation is expected to have jumped above the Bank of England’s two per cent target in October, bolstering a cautious approach to cutting interest rates in the months ahead.

A more gradual easing of monetary policy would be a headache for the new government, which has tried to reassure markets that last month’s big-spend Budget will boost economic growth without leading to runaway inflation.

Economists forecast the consumer price index (CPI), due on Wednesday, to come in at 2.2 per cent for last month, up from 1.7 per cent in September.

Higher energy prices are expected to drive the increase, with regulator Ofgem hiking its price cap on household bills by 9.5 per cent last month.

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Reeves warns financial regulation has gone ‘too far’ in pledge to unleash the City

The Chancellor Rachel Reeves warned that financial regulation had “gone too far” last night as she pledged to rip up red tape and put the City watchdogs on a growth footing.

In her maiden Mansion House speech in the Square Mile, Reeves said that regulatory measures brought in since the financial crisis in 2008 have looked to “eliminate risk” and had “unintended consequences” in hampering growth.

“We cannot take the UK’s status as a global financial centre for granted,” she said. “In a highly competitive world we need to earn that status and we need to work to keep it.” 

Reeves has laid out a package of reforms aimed at driving competition across financial services and unlocking a wave of capital from the UK’s pension system.

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