Editorial 25.10.24
Friday’s front pages continue their coverage of the upcoming budget with speculation and analysis offered up on the front pages.
King Charles is featured on many of the front pages during a trip to Somao – as a handful of headlines reflect the international calls for Britain – and the royal family – to pay reparations over its role in slavery.
A few of the papers lead on their own exclusives – independent stories away from the big headlines today – with domestic topics such as the rise in shoplifting finding prominence on the splashes.
To little surprise, Manchester United’s 1-1 draw in the Europa League leads the back pages.
The FT says the chancellor has confirmed her plans to change how the government defines its assets in a way that will allow it to borrow around £20bn more per year to fund investment. Rachel Reeves writes in the paper saying the change will ensure Britain avoids “the falls in public sector investment that were planned under the last government.”
The Daily Telegraph says Jeremy Hunt has warned about the chancellor’s plans and any increase in government borrowing could mean interest rates stay higher for longer. The paper says “traders are still reeling” from the Liz Truss mini-budget that sparked turmoil in the financial markets.
The Mail quotes Jeremy Hunt as saying Rachel Reeves is risking “punishing families with mortgages” if her changes push up interest rates.
The Times leads with a warning for the chancellor – this time from Labour’s Lord Blunkett. In a letter to the paper, he expresses his concern about reports the chancellor plans to impose national insurance on employers’ pension contributions. Blunkett warns the move could lead to employers reducing their pension contributions and damage the retirement living standards.
The Guardian reports the prime minister has ruled out Britain paying reparations but has opened the door to non-financial reparations for Britain’s role in the slave trade.
It comes amid renewed pressure from Caribbean countries for reparations to be among the issues discussed at the Commonwealth Heads of Government Meeting, which opens in Samoa on Friday.
The Daily Mirror says it is “Time to listen” on the subject of reparations.
The Daily Telegraph says there is “no case” for Britain to answer and demands for cash “stand on shaky moral ground.”
The Daily Mail’s editorial blasts the prime minister’s handling of the row. It says politicians from elsewhere in the Commonwealth – who are “astute at spotting the weakest link” – appear to have outsmarted him by securing a debate on reparations.
Venezuela blasts Brazil over Brics membership block Venezuela has sharply criticised Brazil’s veto of its bid to join the Brics group, calling it an “immoral aggression.” The decision, made during
Israeli airstrike on Gaza school shelter killed 17 including children An Israeli airstrike on Thursday hit the Al-Shuhada school in the Nuseirat refugee camp in central Gaza, killing at least
Arizona man charged in shootings targeting Democratic office Arizona authorities have charged Jeffrey Michael Kelly, 60, with terrorism and other serious offences after he allegedly targeted a Democratic campaign office
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US and Israeli spy chiefs will hold talks in Doha as the Biden administration renews its push to halt the war in Gaza and secure the release of Israeli hostages after the killing of Hamas’s leader https
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Donald Trump is richer than he has been in years, but his fortune is more tied to the election results than in the past
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Gold prices surged to an all-time high of $2,730 (£2,093) this morning as investors sought safe-haven assets amid rising geopolitical tensions.
This means that the price of the yellow metal has surged 38 per cent this year.
The rally has come as conflict intensified between Lebanon and Israel, with fears growing over a broader regional escalation.
The uncertainty of the US election outcome, with particular concerns over Donald Trump’s improved odds in betting markets, has also pushed investors towards safe haven assets.
A quick summary of the news headlines today includes the discontent in Israel over the rising casualties of war. The low down in Peruvian politics convicting an ex-president for fraud and the 7 new cases against P Diddy.
The day starts with tragic news about the deaths following Hurricane Oscar which has left four dead and thousands displaced. The world media has not focussed on this story as much as it should, partly because it relates to Cuba and secondly, because it’s a third-world story.
Moving on to Israel and the news that more deaths are occurring in the Israeli army and the news they are avoiding is the outrage in Israel as this war is costing Israeli lives. Something the Israeli army has not experienced in its genocide in Gaza.
Staying with Gaza, the IDF is clamping down on free speech and freedom of the press by barring journalists in southern Lebanon and Gaza. It has also blocked world media websites in Israel.
The sentiment and concern from European leaders is growing with the British and Europeans using harsh language, a rarity when they discuss Israel, to show their disapproval of the targeting of UN officials and the lack of humanitarian aid coming into Gaza.
Finally, a hidden news story from the day is the conviction of the former Peruvian President. He was known as a puppet of the United States and the judge said Toledo betrayed the trust of Peruvians in favour of American support.
Finally, the weather is causing serious havoc in Europe and South America which has caused extensive infrastructure damage as insurance companies are citing any loopholes to avoid making payments.
A proposed 76-storey tower planned for Manchester city centre, which would be the tallest skyscraper in the UK outside London, is in line for a major change.
Developer Salboy, which was co-founded by Fred Done who set up Betfred with his brother Peter, is on the verge of resubmitting its plans for Viadux 2 to incorporate a high-end hotel.
The updated proposals would seek consent for a 160-bedroom hotel on its lower floors – a change from the previous plans which would have seen the tower constructed purely for residential purposes.
If approved by Manchester City Council, Viadux 2 will surpass the height of the previous record holder outside London – Manchester’s Deansgate Square South Tower – which is 201 metres high.
At the end of August, plans for a 71-storey tower were approved by local leaders.
Viadux 2 has been earmarked for land between Manchester Central and the Deansgate-Castlefield Metrolink Station.
Earlier this month, proposals were revealed for a 44-storey tower to be constructed opposite the station.
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