After a frosty and in places icy start, many areas will be dry and sunny, though feeling cold. Wintry showers will continue to feed into
The rising tensions between Russia and the West, following Ukraine’s use of US-supplied long-range missiles to strike targets inside Russian territory for the first time, are splashed on the front pages this morning.
The papers suggest the policy shift from the US president has escalated the situation in the West, and in response, Russian President Vladimir Putin has lowered the threshold for a nuclear strike. Many of the front pages fear a potential nuclear war on the horizon.
Striking images of yesterday’s farmers’ protests in London find space on the front pages as do reports on the effects of the chancellor’s October Budget.
Showbiz, the cold snap and sports make up the rest of the stories on the front pages today.
The back pages lead with the news Pep Guardiola has signed a one-year extension to his contract.
The Times reports the Russian president has “raised nuclear stakes” by lowering the threshold for a nuclear strike on the West, following Washington’s approval for Ukraine to use their missiles. The paper says Putin has been weighing up altering his nuclear doctrine for several months.
The Mirror worries about “fears of nuclear war” after Ukraine struck Russia with American weapons. The paper calls the Russian president a “tyrant” and says he invaded his neighbour “in a bloodthirsty land grab” and now Ukraine is fighting back with American weapons.
The Daily Mail warns that Putin has “cleared the way for a nuclear strike.” The paper says Ukraine firing US long-range rockets into Russia for the first time marks a “dramatic escalation on the 1,000th day of the conflict”.
The FT notes the Kremlin’s potential retaliations could include sabotage and assassinations in Europe.
The Guardian reports that the US is “incredibly concerned” about Russia’s hybrid warfare strategy. The paper says people briefed on discussions about Russia’s likely response say that potential hybrid attacks could include expanding “its campaign of sabotage and assassinations in Europe” or “further arming US adversaries in the Middle East and Indo-Pacific”.
The Times, Daily Mail and Metro feature images of thousands rallying in central London.
The Daily Express leads with opposition leader Kemi Badenoch’s warning that Labour’s tax policy will “destroy” the farming industry.
The Daily Telegraph covers Prime Minister Keir Starmer’s remarks at the G20 summit, where he claimed most farmers would remain unaffected by the tax changes. It also features an image of TV presenter Jeremey Clarkson, who owns a farm in the Cotswolds. He is one of the famous faces to join in the march at Westminster yesterday.
The Mail says protesting farmers have warned this is just the start against what it calls the “government’s inheritance tax raid.”
The Times says Labour MPs have privately warned that the plans to raise inheritance tax risks hitting the “average farmer” rather than the intended targets. The paper says they are “non-farmers buying swathes of agricultural land to avoid inheritance tax.”
The i describes Tuesday’s protests as “farmer drama for Starmer.” The paper says it understands that Labour MPs in rural areas are lobbying ministers behind the scenes. The paper also notes that there are some insiders digging in over the protest, saying: “They don’t vote for us anyway.”
The i newspaper warns that axing winter fuel payments for all but the poorest pensioners could push 100,000 retirees into poverty.
The FT says the Bank of England governor urging caution in reducing interest rates amid employer national insurance hikes.
Irish police, known as Gardaí, have released CCTV images of 99 individuals they want to question about riots that broke out in Dublin nearly a year ago. The unrest followed
European Union nations are ready to step up military and financial support for Ukraine if the United States scales back its aid, Polish Foreign Minister Radoslaw Sikorski stated on Tuesday.
The UN Security Council is set to vote on Wednesday on a resolution demanding an “immediate, unconditional, and permanent ceasefire” in Gaza, along with the release of all hostages. However,
Médecins Sans Frontières (MSF) has halted its medical operations in Haiti’s capital, Port-au-Prince, citing escalating violence and a brutal attack on its staff. The decision follows an incident on November
President-elect Donald Trump has chosen Linda McMahon, co-founder of WWE and a long-time ally, as his nominee for education secretary. McMahon previously served as head of the Small Business Administration
Elon Musk, the world’s richest man, launched the sixth test of his SpaceX rocket with the US President-elect Donald Trump joining him to watch the launch – but sadly failed
Tokyo Metro brought in to run London’s Elizabeth Line
FT.com Tweet
Veteran media executive Peter Chernin and tech investor Andreessen Horowitz are backing Promise, a new studio that will primarily use generative AI to make shows and movies
WSJ Business Tweet
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.
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.
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.
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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