Close Menu

Early rain clearing the northeast of the UK, then a brighter day is expected with some sunny spells for many. A scattering of showers developing in the west this afternoon, feeling pleasant in the light winds and sunshine. TONIGHT: A

Editorial 17.10.24


Thursday’s front pages continue speculation about the upcoming October Budget. The papers offer up their predictions and reports on whether the chancellor will raise taxes or cut spending. 

Other domestic topics are splashed on the front pages including reports on whether Russian spies planted devices in Birmingham, and there’s ongoing coverage of showbiz topics. 

The newspapers had gone to print long before news broke of the death of One Direction star Liam Payne in Argentina. The 31-year-old fell from his balcony at his hotel. The story is dominating the UK news cycle online and on social media.

The papers continue their coverage of the appointment of Thomas Tuchel as the new England Football manager. 

‘Bogus black hole: Speculation about the Budget’ 

‘Revenue will bring in the low billions,’ says The Times, which looks at potential capital gains tax.

The Times says Chancellor Rachel Reeves will raise capital gains tax – but only on the sale of shares and other assets, not on a second home. The paper reports the current 20% paid by higher rate taxpayers is likely to rise by “several percentage points” with a source predicting the revenue it will bring in will be in the “low billions.” 

‘Tax rises over spending cuts,’ says The Telegraph.

The Daily Telegraph says the chancellor will bring in tax rises, rather than spending cuts. The paper says she is planning the “biggest Budget tax raid in history.” 

The paper quotes a Downing Street spokesman saying such exchanges are “a standard part of the process.” 

‘Bogus black hole to justify hammering taxpayers,’ is the take of the Daily Express.

The Daily Express claims Reeves is being accused of “bogus” claims about a £40 billion black hole. The paper says senior Tories have said that the chancellor is inventing the shortfall to justify “hammering taxpayers.” 

‘Reeves facing Labour backlash,’ says the i newspaper.

The i newspaper reports Chancellor Rachel Reeves faces a “Labour backlash.” Reeves is under pressure to restructure the system for calculating benefits. “Benefits to rise £1.50 a week” the paper says. 

‘Russian spies planted devices’ 

‘Russian spies planted device in Birmingham,’ says The Guardian.

The Guardian leads on a story that says UK counter-terrorism police are investigating whether Russian spies planted an incendiary device in a parcel which caught fire at a DHL warehouse in Birmingham in July. The police say they are examining links to a similar incident in Germany.

‘Device could’ve caused a plane crash,’ says the Telegraph.

The Telegraph says the device could have caused a plane to crash – if it had caught on fire mid-air, and that Russia is suspected of being behind it. 

‘Thomas Tuchel becomes new England manager’ 

‘Tuchel hopes to end 60 years of hurt,’ says The Sun.

The Sun says Tuchel is on a mission to end “60 years of hurt” for England fans still waiting for another major trophy. The paper calls him “ruthless, demanding, humourless – just what England need.”

‘Winning is what Tuchel should be judged on … not nationality,’ is the Mirror’s take.

The Mirror says if England win the World Cup, Tuchel will be an English hero, saying: “Winning, not nationality, is how a football coach deserves to be judged.”

‘Tuchel takes the hotseat,’ says The Guardian.

Thomas Tuchel is also on the front of The Guardian with the caption “Tuchel takes hot seat as England manager”.

‘Liam Payne dies at 31’ 

Online the newspapers report on the death of the British musician – formerly of One Direction, who died in Argentina late last night after falling from his balcony. 

‘Payne had the X Factor,’ says BBC.

BBC News says Payne was a boyband star who ‘had the X Factor’.

‘Stuggled with the dark side of fame,’ says The Independent.

“Ambitious One Direction star who struggled with dark side of fame,” says The Independent

Payne had been in Argentina supporting his former 1D bandmate Niall Horan says The Guardian.

‘TMZ slammed for posting pictures of Payne’s dead body,’ writes the Mirror.

The Metro says fans are holding vigils outside his hotel, The Sun says Payne’s final hours were “erratic” whilst the Mirror reports TMZ has been slammed for publishing pictures of Payne’s dead body – still lying on the decking below the balcony he fell from. 

Dan@ Dantechnik
Read More
I see #SkyNews are still banging on about Taylor Swift and Starmer again. 🙄🙄🙄
Andrew Neil
Andrew Neil @afneil
Read More
UK inflation fell to 1.7% in the year to September, the lowest rate since April 2021. So much for the Bank of England’s prediction that it would start to rise again in the autumn. It was one of the (wrong) reasons Sunak went for a July election.
Fabrizio Romano
Fabrizio Romano@FabrizioRomano
Read More
🏴󠁧󠁢󠁥󠁮󠁧󠁿🤝🏻 Official, confirmed. Thomas Tuchel becomes the new England head coach from January 2025. “I am very proud to have been given the honour of leading the England team”. “I have long felt a personal connection to the game in this country, and it has given me some incredible moments already”. “To have the chance to represent England is a huge privilege, and the opportunity to work with this special and talented group of players is very exciting”.
Previous
Next

Tesla, bitcoin and dollar jump as investors pile into ‘Trump trades’

Bitcoin hit a fresh record, the US dollar rose to a four-month high and Tesla shares jumped, as investors raised bets on the big winners from Donald Trump’s US presidential election victory. The dollar was up 0.4 per cent against a basket of its peers on Monday, passing the level it hit the day after the election last week and taking it to its highest since July. The euro fell 0.5 per cent to $1.067, its lowest level since June.  Bitcoin, which has hit a series of record highs in the wake of the election, surged 7 per cent to $82,020, as Republicans looked increasingly likely to take control of the House of Representatives, having already won a majority in the Senate.

Source link

Aquis Exchange accepts £194m offer from Swiss group in blow to London

London’s challenger stock market Aquis has accepted a £194m takeover offer from Swiss-based bourse operator SIX Group, in a move which will likely inflame fears over the health of the UK’s equity markets. In a statement to the market today, Aquis said the offer would value its shares at 727p per share, a 120 per cent premium to Friday’s closing price of 330p per share. Directors at the St Paul’s based bourse, which is dual listed on its own Apex market and the London Stock Exchange’s AIM, said the deal would help provide the scale needed to compete against bigger firms in the European exchange market.

Source link

London Heathrow Airport set for busiest year ever after record October

London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers.

Source link

Reeves warns financial regulation has gone ‘too far’ in pledge to unleash the City

The Chancellor Rachel Reeves warned that financial regulation had “gone too far” last night as she pledged to rip up red tape and put the City watchdogs on a growth footing.

In her maiden Mansion House speech in the Square Mile, Reeves said that regulatory measures brought in since the financial crisis in 2008 have looked to “eliminate risk” and had “unintended consequences” in hampering growth.

“We cannot take the UK’s status as a global financial centre for granted,” she said. “In a highly competitive world we need to earn that status and we need to work to keep it.” 

Reeves has laid out a package of reforms aimed at driving competition across financial services and unlocking a wave of capital from the UK’s pension system.

Source link

Firms blame Budget uncertainty as economy slows sharply in third quarter

The UK grew at a slower pace than expected in the third quarter, according to new figures, with business groups pointing to the impact of uncertainty ahead of last month’s Budget.

New figures from the Office for National Statistics (ONS) showed that the economy grew 0.1 per cent in the third quarter, after contracting 0.1 per cent in September.

Economists had expected both the quarterly and monthly figures to show a 0.2 per cent expansion.

Source link

What to Watch

Amazon prime - TV & Netflix

We give you the best picks to binge on this week.

What to Watch

Love Sports

Get your pizza ordered with the latest Live Sports schedule.
Leave A Reply

Get OFFER

Say 'yes' to liberty

Sign up to your personalized news briefing - delivered!

Newspapers, News Summary, Truth and freedom

30% off - code - 9ANB1EB283

Access the news from all the main News sources

We bring you CNN BBC FOX EURO NEWS AL JAZEERA – all in one place. With a perfectly crafted email with your news summary