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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.

Much of Scotland, Northern Ireland and northern England will have a largely cloudy day, with the risk of rain in the west. Drier and brighter…

Incoming US President Donald Trump has picked RFK Jr as his health secretary calling him a great mind in his first speech since election night. Trump said RFK Jr, a known vaccine sceptic, will “help make America healthy again” by protecting them from “harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives”.

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.

Could EU-Israel talks be suspended over Gaza?  Protests in Paris, football match fears, floods for Spain, Germany election race starts – Paper Talk Europe EU

European news is dominated by politics this morning with the EU’s foreign policy chief Josep Borrell suggesting suspending EU-Israel political talks as a recent report alleged Israel has violated human rights and international law in the Gaza Strip.

European leaders are preparing to boost support for Kyiv in preparation for Donald Trump as the incoming president has threatened to cut the US’ contributions.

Prosecutors in France are seeking jail time and an election ban for Marine Le Pen. If she is found guilty of misusing public funds she could be ruled out of the 2027 presidential election.

All eyes will be on the France-Israel football match amid fears of violence between clashing groups of pro-Palestine and pro-Israeli supporters attending the match. French authorities have ramped up security ahead of the game.

Germany – Europe’s largest economy – is facing political turmoil of its own following the collapse of its coalition government. The election campaigning has well and truly begun as leaders make their pitches for the snap election in February.

Elsewhere, Spain is preparing for more floods as severe weather warnings are issued.

Chancellor Rachel Reeve’s Budget continues to be scrutinised as do other Labour plans across the print media today.

Ongoing coverage of US politics – from Trump’s meeting with Biden to the appointments being made to Cabinet, find space in the UK media landscape.

The back pages – and social media – are dominated by the latest from English football. The ongoing search for a presenter to replace Gary Lineker as Match of the Day host is heavily featured on social media. There’s also coverage of another leaked video of EPL referee David Cootes who appeared to be snorting a white powder in the video during the summer’s EUROS.

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.

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, erupted over the weekend, sending a towering ash plume 9km into the sky.

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 2.4% in September, driven largely by higher housing and food costs.  

Thousands evacuated in Málaga as Spain faces severe flooding  EU

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 weather alerts for Málaga and Catalonia, warning that extreme conditions could last until Friday.

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 presidential palace—was shaken by the blasts, prompting an evacuation of the court building.