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Today: Another cloudy day to come with the best of the sunny spells across parts of Scotland and the far southeast later. Mostly dry with outbreaks of light patchy drizzle especially over higher ground. Temperatures around average for November. Tonight:

Editorial 04.11.24


Monday’s front pages feature a variety of international and domestic news, with several papers looking ahead to tomorrow’s US presidential election

A few front pages feature images of the Spanish King and Queen who were hit with mud and other objects during a visit to flood-hit Valencia. Many locals are angry with the country’s response to the severe flooding as the death toll continues to climb. 

A little closer to home, several newspapers lead on domestic politics with the newly appointed Kemi Badenoch and Chancellor Rachel Reeves finding coverage. 

The back pages pick up on Manchester United captain Bruno Fernandes’ comments about his recently sacked manager Erik ten Hag

‘Harris and Trump make final push’ 

‘Trump and Harris trying to sway wavering voters,’ says The Guardian.

The Guardian reports both Harris and Trump are trying to “sway wavering voters” on the eve of a “deeply polarised” election. The two candidates are returning to Pennsylvania later on Monday where recent polling suggests Trump has made progress. 

‘Trump goes off script again calling the Democrats demonic,’ writes the Telegraph.

The Daily Telegraph says the former president went off script during his Sunday rally where he described the Democratic Party as “demonic.” 

‘Trump campaign darker than ever before,’ says the FT.

The Financial Times says his campaign has been ever “darker” than in 2016 and 2020. The paper is critical of Donald Trump. ‘That he is even on the cusp of the American presidency again is remarkable.’ the paper says.

‘Britons think Trump will win election,’ according to the i poll.

The i newspaper leads with a poll suggesting most Britons think Donald Trump will win the election, although they’d prefer Kamala Harris in power. 

‘Russia could whip up action if Trump loses,’ the i also reports.

Elsewhere, the paper reports that Russia could try to whip up militant action by Trump supporters if he loses. It says that diplomats are warning hostile state actors will “seize the opportunity” to spread disinformation and create instability. 

‘Chancellor defends her decisions’ 

‘Reeves defends her decision to end inheritance tax exemption for farmers,’ says the Telegraph.

The Telegraph leads with the chancellor’s defence of her decision to end the inheritance tax exemption for farmers. On Sunday, Reeves said the government couldn’t afford to let the practice continue. The paper notes that the move will raise around £500m a year, which would fund the NHS for one day and five hours.

‘James Dyson calls Budget spiteful,’ in an article for The Times.

The Times has an article written by businessman James Dyson who called Rachel Reeve’s Budget “spiteful.” He says that raising the inheritance tax on farms and family businesses would be “the death of entrepreneurship.” 

‘Kemi Badenoch will get Britain’s economy booming,’ says the Daily Mail.

The Daily Mail leads on the newly elected Kemi Badenoch saying she knows how to get Britain’s economy booming. The paper says her first interview as Tory leader she created “clear blue water” with Labour saying she would shake up the economy with an approach “completely the opposite” of that taken by Chancellor Reeves. 

‘Spanish King and PM pelted with mud’

Dramatic images of the King and Queen of Spain, alongside the Spanish prime minister, being pelted with mud and other objects as the visit flood-hit Valencia. 

‘You’ve abandoned us,’ highlights The Guardian.

The Guardian highlights one protester’s comments “You’ve abandoned us”. 

‘Death toll climbs to nearly 217,’ reports The Times.

The Times notes as the death toll climbs to nearly 217, civilians have turned their anger towards the monarch and the prime minister for their handling of the disaster. 

‘Stone and a glass jar thrown at Spanish King during flood visit,’ says the Telegraph.

The Daily Telegraph reports that stones and a glass jar were also hurled at Felipe VI following criticism that response to the disaster has been too slow.

Sarah Wilkinson
Sarah Wilkinson@swilkinsonbc
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The Gaza ceasefire proposal is just a ‘smokescreen’ as it doesn’t include an end to israeli bombing, shooting & killing: it’s not a ceasefire then is it
Zarah Sultana
Zarah Sultana@ZarahSultana
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Kemi Badenoch is one of the most nasty & divisive figures in British politics. From downplaying racism to Islamophobic remarks like "not all cultures are equally valid" & questioning why Sadiq Khan gets a “free pass” for being Muslim, her election marks a shift to the far-right.
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Moldova’s pro-EU leader Sandu re-elected 

Moldova’s pro-EU leader Sandu re-elected  Maia Sandu, Moldova’s pro-European Union (EU) leader, has secured re-election in a closely watched presidential runoff. Sandu won with 54.94% of the vote, defeating Alexandr

Bank of England set to lower interest rates as Budget dampens bets for 2025

The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government’s first Budget will push up inflation.

Analysts predict members of the Monetary Policy Committee (MPC) will vote to cut the central bank’s base rate by a quarter-point to 4.75 per cent at their next meeting on Thursday.

Official figures last month boosted hopes of a cut as inflation fell to 1.7 per cent, its lowest level since April 2021, and stickier services inflation also dropped.

Meanwhile, data showed wage growth eased again to its lowest level in two years. Average pay growth, excluding bonuses, fell to 4.9 per cent in the three months to August, down from 5.1 per cent in the previous quarter.

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Why uncertainty over the US election is a nightmare for investors

Uncertainty over the US election has put portfolio risk front of mind, as investors seek to both protect themselves from volatility and ensure they are well places to take advantage of the successful candidate’s policies, says Colin Clunie

This year’s US Presidential Election, set to take place on 5 November, is predicted to be one of the tightest in history, with the incredibly close polling figures reminiscent of the previous two election cycles. While they are currently indicating a slight lead for Donald Trump in several key swing states, the race remains highly competitive. For investors craving certainty, this is a nightmare. The situation puts portfolio risk front of mind, as they seek to ensure that they are protected from potential volatility due to the result, while equally being able to take advantage of the markets depending on the successful candidate’s policies.

The very different approaches that each candidate is expected to take from a fiscal perspective are referred to in recent analysis from the Committee for a Responsible Federal Budget, a non-partisan group in Washington. This report suggests that if successful, Trump would raise US debt by twice as much as his opponent, Kamala Harris. Equally, they take very different views on areas such as green investing, where Trump is an established sceptic.

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Schuh has created over 1,000 jobs since lowest pandemic ebb

Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck.

The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months.

Until the end of its year to 3 February, 2024, Schuh had not employed more than 4,000 since the year before the pandemic.

The latest total comes after Schuh’s headcount fell as low as 3,286 in the 12 months to 29 January, 2022.

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