Dry for many today with sunny spells. However, scattered showers will push across Scotland and Northern Ireland, as well as some coastlines of England and Wales. Turning cloudier in the southwest later. Tonight: A band of rain will move into the southwest this evening, pushing across Wales and southern England
Tuesday’s headlines report on a mix of domestic news and politics. Chancellor Rachel Reeves delivered a speech to business leaders yesterday in which she promised no more tax rises amid backlash over her October Budget. By 2026, the public can expect to endure more public spending cuts.
Prime Minister Keir Starmer has vowed he will not leave young people behind in his bid to get more people into work. The Premier League and other cultural and sporting institutions in Britain have joined the government scheme to get the jobless back into work or education.
Only a handful of front pages have any meaningful coverage of international news, with the capture of a British soldier by Russia covered on one and reports Israel and Lebanon are edging closer to a ceasefire on another.
Elsewhere, showbiz stories fill the rest of the space on the front page with the latest from Strictly Come Dancing, the upcoming Spoty Awards and Kate Moss.
The Premier League dominates the back pages with Liverpool’s Mo Salah suggesting he is closer to leaving the North England club than he is to staying as he has yet to be offered a new contract by the Reds.
The Daily Mail says that the chancellor told the Confederation of British Industry (CBI) conference that she was “not going to have to come back for more” as she, according to the paper, attempted to head off a “growing business revolt over her £40 billion ‘tax-bomb’ Budget”. CBI chairman Rupert Soames said businesses had been treated as a “cash cow” to be “milked”.
The Telegraph leads with the same story. The paper says business leaders have “turned” on Reeves as a “string of executives warn that Britain is becoming a less attractive place to invest under Labour.” During her address to the CBI conference, the chancellor said her October Budget was “good for jobs and good for growth,” the paper adds.
The Independent reports that the CBI boss has said the chancellor’s measures will make it harder for firms to ‘take a chance’ on hiring new people. The paper says a CEO food giant has accused the chancellor of making Britain ‘uninvestable’.
The i newspaper picks up on the chancellor’s pledge to not put taxes up again for the duration of this parliament, which will see public services face another four years of “tight budgets.”
The Times reports the prime minister has said that Britain “simply isn’t working” and bosses must “get better at keeping the long-term sick in their jobs.’ Starmer has promised an “overhaul” of job centres and the NHS will get more staff sent to areas with the highest rates of “worklessness” under plans to deal with unemployment and a “growing sickness crisis.”
The Guardian says teenagers will get skills training at the Premier League, the Royal Shakespeare Company and Channel Four as part of a government drive to get hundreds of thousands into jobs or education. Work and Pensions Secretary Liz Kendall told the paper: “Almost 1 million young people are neither earning nor learning.”
The Daily Telegraph reports that Labour is to unveil a plan to get people back to work, that does not include a “crackdown” on sickness benefits – another “blow to business” according to the paper.
The Metro leads on another pledge from the prime minister, this one regarding his promise to make spiking a specific criminal offence, so when it’s reported the police will “take cases more seriously.” The PM says venue staff would get training, with a pilot scheme starting before Christmas, followed by a UK roll-out from March, the paper notes.
Ambassadors from Ukraine and NATO’s 32 members meet Tuesday in Brussels over Russia’s firing last week of an experimental hypersonic intermediate-range missile.
Russia on Thursday carried out a strike on
Israel’s military launched airstrikes across Lebanon on Monday, unleashing explosions throughout the country and killing at least 31.
The attacks came as Israeli leaders appeared to be closing in
Trump said that on the first day of his presidency, he will charge Mexico and Canada a 25% tariff on all products coming into the U.S. He added in a
In the first round of Romania’s presidential election, a far-right candidate who opposes NATO has taken an unexpected lead.
Calin Georgescu, an independent, won 22.94% of votes in Sunday’s
In the first round of Romania’s presidential election, a far-right candidate who opposes NATO has taken an unexpected lead.
Calin Georgescu, an independent, won 22.94% of votes in Sunday’s
Thousands marched to Islamabad Tuesday, demanding ex-PM Imran Khan’s release, defying tear gas and roadblocks. Clashes left one officer dead and nine critically injured. Khan, barred from February elections amid
US monetary policy is on course to sharply diverge from Europe next year, with higher growth and inflation projections opening a transatlantic divide. https://on.ft.com/3V5Oq8S
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A Premier League streaming platform, dubbed a ‘Netflix of Football’ or ‘Premflix’, which could boost revenues for clubs and cut costs for fans has moved a step closer.
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Rachel Reeves has implied she won’t rethink her Budget measures in the wake of backlash from business, saying: “We’ve made our decisions.”
The Chancellor appeared at the Confederation of British Industry (CBI)’s annual conference on Monday in a fireside chat with Keith Anderson, the chief executive of Scottish Power.
She was asked by ITV about the “unintended consequences” of her fiscal event, and whether she would “rethink any of the measures that you’ve announced?”
Reeves said: “It’s really important that the sums add up, and I’m determined to be the Chancellor that puts our public finances on a firm footing after all the instability that we’ve faced these last few years.
https://www.cityam.com/weve-made-our-decisions-dont-expect-budget-rethink-reeves-implies/
Consumer confidence in the health of the economy dipped in November, a new survey shows, as the Budget failed to allay households’ economic fears.
The British Retail Consortium’s (BRC) sentiment monitor showed that consumers’ confidence in the economy fell back to -19 in November, down two points from October.
The reading confirms that households’ optimism in the economy remained relatively depressed throughout the autumn, having improved significantly earlier in the year. In July, following Labour’s election, the reading briefly strayed into positive territory.
https://www.cityam.com/consumer-confidence-in-the-economy-dips-following-budget/
The government’s hike to employers’ national insurance could cost as many as 130,000 jobs, according to new research.
Analysis from Bloomberg Economics suggests that up to 130,000 jobs could be lost if firms responded to the tax hike primarily by cutting employment.
This would amount to a 0.4 percentage point increase in unemployment, and would likely encourage the Bank of England to cut interest rates faster than markets anticipate.
The analysts did not think this was the most likely outcome, suggesting that the cost of higher taxes would likely be distributed more evenly across wages, margins and prices.
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