The Guardian leads with the Bank of England’s warning that the UK is in a recession and interest rates may need to go higher. The paper reports the Bank of England (BoE) has warned Chancellor Kwasi Kwarteng the country is already in recession, after the economy shrank for the second quarter in a row. The paper also notes the BoE hiked interest rates by half a percent on Thursday, continuing its efforts to reduce inflation.

The Guardian has world reaction to Vladimir Putin’s threat to use nuclear weapons.
US President Joe Biden has condemned Mr Putin’s “imperial ambitions” and threats to deploy Russia’s nuclear arsenal, the Guardian reports.

Speaking at the UN General Assembly in New York, Mr Biden sought to unite the international community and described the invasion as being about “extinguishing Ukraine’s right to exist”, the paper says.

The Guardian leads with international scepticism of Liz Truss’s plan to cut taxes in the current economic climate. The paper reports on the stark differences between Liz Truss and US president Joe Biden’s views over economic policy. Ms Truss is set to “urge world leaders to join Britain” in introducing wide-ranging tax cuts, with the paper reporting her embrace of a low-tax agenda “put her on a collision course” with Mr Biden at their first bilateral talks on Wednesday.

“Unsurpassed pomp and public spectacle” gave way to “intimacy” as the Queen was laid to rest, The Guardian says, noting that the Queen’s “final farewell” belonged only to her family.

The UK’s longest-reigning monarch was laid to rest in a private ceremony, away from the cameras and surrounded by only her loved ones, the paper reports.

The Guardian picks out details from the funeral plans, saying Prince George and Princess Charlotte will walk behind the coffin.