Politics

The chancellor delivered her first Mansion House speech on Thursday as she urged the City regulators to allow financial service providers to take greater risks, saying that the rules introduced after the 2008 financial crash had “gone too far” and were harming growth.

The speech is an annual address to the City of London by the sitting chancellor. In her first address, she attempted to reassure the City that she had a growth strategy. Much of her speech is highlighted across print media and online this morning.

The Bank of England governor Andrew Bailey also gave a speech yesterday at the event in which said the UK must improve its relationship with Europe saying the “consequences of Brexit” were damaging the economy.

The controversial legislation, introduced by the Act Party, seeks to legally define the treaty’s principles, which have been incorporated into laws addressing historic injustices against Māori. Act argues the changes would ensure fairness, claiming the current approach divides the nation by race.  

Almost all the main US front pages lead with images of President-elect Donald Trump meeting with Joe Biden at the Oval Office on Wednesday. The pair met to discuss the transition of power – Trump will take office in January. 

The front pages are filled up with various political stories from Donald Trump’s Cabinet appointments, to the new role to be undertaken by billionaire Elon Musk. Online, there is running coverage of Trump’s picks – FOX News host Pete Hegseth will become the country’s new defence secretary, and Congressman Matt Gaetz will become attorney general.

Many of the papers report on the GOP winning the House of Representatives which now means they control both chambers of Congress (House and Senate) and with Trump in power in January, the Republicans will have little issues passing their agenda.

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