Author: News Desk

Fiscal concerns put pressure on dollar and bond market Treasury yields recede from their morning highs, but still inch higher in the long end, as the U.S. budget deficit emerges as a top concern in Wall Street. After Moody’s downgraded the U.S. debt and Congress advanced a bill widely expected to increase the country’s borrowing needs, investors sold off Treasurys and the dollar. The mood improved during the session, to start a week relatively light on the data front. The 10-year ends up rising 0.036 percentage point, to 4.473%, while the two-year is flat, at 3.980%. The 30-year briefly pierced…

We are sorry to inform you that Brexit is back Ongoing talks between the UK and the EU will come to a head at a summit in London on Monday, as the government seeks a post-Brexit “reset” of relations. The talks have come about as part of a routine five year review of the UK-EU trade and cooperation agreement, though they have taken on new significance as Labour seeks to strengthen trade and economic ties with the bloc. Main Headlines:

Starmer hails Brexit reset as ‘new era’ in EU relations The Times calls the deal, unveiled by the prime minister on Tuesday, a “new era” saying the trade deal with Brussels will secure cheaper food and energy. The paper says the Brexit reset will boost the economy by £9 billion a year.  Russia launches an attack before a phone call between the two leaders, and Ukraine warns of Kremlin plans to fire an intercontinental ballistic missile, says the front page. King Charles is pictured on the front page.

An illegal immigrant who was involved in smuggling more than 3,000 others into Europe has been sentenced to 25 years in jail.

EU deal puts Britain back on the world stage, says Starmer The Guardian says the prime minister’s pledge that the new “EU deal puts Britain back on the world stage” and is a “win-win” that grants “unprecedented access to the EU market”. The paper also highlights the reaction from opposition parties including Tory leader Kemi Badenoch who says the deal’s concessions on youth visas and fishing is a “surrender.” Allies, including the UK, have warned Netanyahu of “consequences” regarding Gaza.

Starmer’s Surrender: The Day Brexit Dream Died The Daily Mail takes a negative stance on the deal highlighting the backlash and labelling it “Starmer’s surrender.” The paper reports that the PM is being accused of a “great Brexit betrayal” after agreeing to a deal that hands Brussels control of British laws, money and fish. 

Keir’s abject surrender is betrayal of Brexit Britain The Daily Express says when the good people of Dudley – and millions across the country – voted to leave the European Union, we knew exactly what we were voting for: control of our borders, our laws, and our destiny. We voted to put British workers first and end the flood of cheap labour that’s held down wages and squeezed our services for decades.

Brexit battle 2 begins Metro says “Brexit battle 2 begins” reporting Brexiteers are taking aim at the prime minister in a “bruising new battle” with accusations he “sold out the fisherman and signed Britain up to Europe’s rules out.”  The paper says the new UK-EU reset deal could make travel to EU countries smoother and quicker for UK travellers with an agreement to allow British passport holders to use e-gates at European airports.