Saturday, November 23
A grey start for many with some fog patches and a little drizzle in places. Remaining grey across many northwestern areas. However, some bright or
Editorial 14.11.24
Thursday’s headlines are made up of a variety of domestic and international stories.
Chancellor Rachel Reeve’s budget continues to be scrutinised as does other Labour plans. There’s further coverage of the assisted dying bill and a handful of reports regarding the NHS and other medical stories.
Images of Donald Trump and Joe Biden meeting at the White House following Trump’s election victory last week feature on some of the front pages. Whilst a handful of newspapers report the latest from the US as their lead story.
There is also some very light coverage of the recent report from the US that says Israel is committing ‘crimes against humanity’ in Gaza.
Showbiz gossip makes up the tabloids with the latest from I’m a Celebrity and the death of actor Timothy West filling up the space.
Several tabloids – and the back pages – report on a shocking new video of David Cootes appearing to sort a white powder. Cootes – a Premier League referee – had already been suspended after a video emerged of his X-rated rant about Liverpool and Jurgen Klopp.
The Times is one of several papers to lead on the October Budget. The paper says the government is facing a growing “business backlash” over the Budget which contained a £25bn increase in employers’ national insurance.
The British Retail Consortium has drafted a letter telling the chancellor its members will not be able to absorb the additional cost of the measures, the paper reports.
The Daily Mail says Downing Street has confirmed a cap on council tax rises will remain at 5% next year. The paper says the decision is part of efforts to help councils meet rising costs. But the news comes just after some “eye-watering” tax rises in the Budget and despite previous attacks by Labour on the Conservatives over similar council tax hikes.
The FT says the chancellor is hoping to unlock £80bn worth of investment by reforming local government retirement schemes to form eight pensions “megafunds.” Reeves will deliver her first Mansion House speech in the City of London on Thursday. She tells the paper she wants to reassure businesses the recent tax rises were part of a “once in a-parliament budget.”
The i says Labour’s pledge to build 1.5 million homes by the end of this Parliament is doubtful. In an email to staff, Peter Denton, head of Homes England, said the target was “realistically” part of a “two parliamentary term approach.”
Trump and Biden’s meeting at the Oval Office is summed up as “old friends reunited” by The Times. The paper says Biden used the transitional meeting to urge his successor to stand with Ukraine.
The Guardian’s sketch writer calls the meeting between the two men a “triumphant who’s-got-the-last-laugh-now return to Washington” for Donald Trump.
The Metro leads on US politics reporting on the “shock appointment” of a FOX News host as the incoming US defence secretary. The paper says Pete Hegseth, 44, has no government experience and will run the “world’s largest military machine and its $800bn budget”. The former soldier will be responsible for 1.3 million active duty personnel, 1.4 million reserves and civilian staff worldwide.
Republicans have officially won control of the US House of Representatives, securing the 218 seats needed for a majority. Alongside victories in the Senate and Donald Trump’s return to the
Thousands of protesters marched through Paris on Wednesday night, denouncing a secretive gala organised by Israel’s far-right. The event aimed to raise funds for Israel. It comes on the eve
Several airlines have suspended flights to and from Bali as dangerous ash clouds from Mount Lewotobi Laki-laki threaten air travel safety. The volcano, located near the popular Indonesian tourist destination,
Inflation in the US rose slightly in October, halting recent progress in stabilising prices. According to the Labor Department, consumer prices increased by 2.6% over the past year, up from
Heavy rains and flooding have forced thousands of people to leave their homes in Málaga and the surrounding Costa del Sol region of southern Spain. Aemet has issued the highest-level
A man was found dead following two explosions near Brazil’s Supreme Court in Brasília on Wednesday evening. The area, home to the country’s top government institutions—the Supreme Court, parliament, and
The upcoming match will be a big test for France, which is home to the biggest Jewish and Muslim communities in Europe and is a place where conflicts in the Middle East have historically reverberated
The UK needs to view London’s capital markets as a “driver of the domestic economy” rather just a venue for share trading, the boss of the London Stock Exchange said yesterday.
Bitcoin hit a fresh record, the US dollar rose to a four-month high and Tesla shares jumped, as investors raised bets on the big winners from Donald Trump’s US presidential election victory. The dollar was up 0.4 per cent against a basket of its peers on Monday, passing the level it hit the day after the election last week and taking it to its highest since July. The euro fell 0.5 per cent to $1.067, its lowest level since June. Bitcoin, which has hit a series of record highs in the wake of the election, surged 7 per cent to $82,020, as Republicans looked increasingly likely to take control of the House of Representatives, having already won a majority in the Senate.
London’s challenger stock market Aquis has accepted a £194m takeover offer from Swiss-based bourse operator SIX Group, in a move which will likely inflame fears over the health of the UK’s equity markets. In a statement to the market today, Aquis said the offer would value its shares at 727p per share, a 120 per cent premium to Friday’s closing price of 330p per share. Directors at the St Paul’s based bourse, which is dual listed on its own Apex market and the London Stock Exchange’s AIM, said the deal would help provide the scale needed to compete against bigger firms in the European exchange market.
London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers.
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.
The UK grew at a slower pace than expected in the third quarter, according to new figures, with business groups pointing to the impact of uncertainty ahead of last month’s Budget.
New figures from the Office for National Statistics (ONS) showed that the economy grew 0.1 per cent in the third quarter, after contracting 0.1 per cent in September.
Economists had expected both the quarterly and monthly figures to show a 0.2 per cent expansion.
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