Browsing: UK Papers

Chancellor Kwasi Kwarteng is due to say “we must stay the course” and stick to his plan to deliver economic growth on Monday, reports the Daily Express. The paper says the chancellor will draw a line under the market turmoil of the past week when he issues a “conference battle cry” this afternoon at the Conservative Party conference in Birmingham.

How many more must die? that’s the headline on the front page of the Sun which reports Mel B has demanded action to tackle domestic abuse.

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.

“Back from death row” is the headline in the Metro, reporting on the release of five British people who faced execution in Ukraine after being capture by Russia. The paper says the men were freed after Saudi Arabia helped negotiate a prisoner swap with between Moscow and Kyiv.

The i leads with the Bank of England’s decision to hike interest rates. The increase in interest rates to 2.25% means millions are facing a significant rise in their mortgage payments, the paper reports. The paper says Prime Minister Liz Truss and Mr Kwarteng are under pressure to prevent a “deep recession” with their “mini-budget” on Friday.

The paper leads with the killing of a 15-year-old boy in Huddersfield, who was stabbed to death outside his school. The paper says Khayri McLean was attacked as “horrified fellow pupils looked on” and died despite “desperate efforts” by a teacher to save him.

Under the headline “Go for growth!”, the paper reports on what it calls the “biggest tax cuts in decades”. The paper says “not since Margaret Thatcher” will taxes have been slashed this much and notes Mr Kwarteng will “herald a new era for Britain” when announcing them in the House of Commons.

The paper carries an exclusive claiming former Chelsea owner Roman Abramovich “played a key role” in negotiating the release. The paper says the Russian billionaire welcomed the five men onto a plane taking them from Russia to Saudi Arabia, giving them phones so they could contact their families.

The i leads with a warning over Liz Truss’s tax cuts gamble.

Economists have warned that Ms Truss’s “gamble on tax cuts” risks damaging the value of the pound. The paper says the Institute for Fiscal Studies have also said plans to reverse national insurance and corporation tax increases could lead to government debt “spiralling out of control”.

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.