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Editorial 05.11.24


Tuesday’s front pages report on both domestic and international politics, while a handful of tabloids lead with showbiz news. 

The US presidential election is unsurprisingly the lead for many front pages this morning as millions of Americans will head to the polls to cast their vote for either Vice President Kamala Harris or former President Donald Trump. 

Some of the newspapers lead on politics a little closer to home as PM Keir Starmer announced student loans in England are set to rise, despite promising to abolish tuition fees. The papers describe it as an astonishing “u-turn.” 

The newly elected leader of the Conservative Party, Kemi Badenoch, has started to appoint her shadow cabinet. The news of the appointments finds space on the front of several newspapers. 

‘US election day – America votes in new president’

‘Tighest results expected since 2000,’ says The Guardian.

The Guardian says the US “faces its moment of reckoning”. The paper suggests the results may be the tightest result since 2000 and calls it an election like none before with a choice between a “black woman and a former president branded a fascist by his own former officials”.

‘American deeply divided,’ suggests the i newspaper.

The i newspaper suggests Americans are “deeply divided” after a “toxic campaign and attempted assassinations.” 

‘Farage calls on Trump to accept the result even if he loses,’ leads the Telegraph.

The Daily Telegraph reports Reform leader Nigel Farage has called on Donald Trump to accept the results of the US election if he loses decisively to Harris. The paper notes “Washington is braced for unrest”.

‘Polls show dead heat,’ according to the FT.

The polls show a ‘dead heat’ between Kamala Harris and Donald Trump, according to the Financial Times. The newspaper features both candidates on the final day of campaigning.

‘Labour u-turn on tuition fees’

‘Boost for cash-strapped unis,’ is the FT’s take on the news.

The Financial Times says the tuition boost for England’s England’s “cash-strapped universities”.

‘What a U-turn,’ says the Mail which is unimpressed with the government’s plans.

The Daily Mail slams the move by the government which will allow universities in England to raise tuition fees for the first time in eight years. 

‘Cap of fees left many unis teetering on edge,’ reports The Times which backs the government move.

The Times backs the move with an opinion article arguing that the cap on fees has left many universities teetering on the edge of bankruptcy. It thinks raising them amounts to a “confrontation with reality.” 

‘PM promised to abolish tuition fees altogether,’ notes the Metro.

The Metro says the PM made a “180-degree uni U-turn”. The paper highlights the prime minister’s promise to abolish tuition fees but now he’s putting fees up 3.11%. Starmer had expressed a desire to scrap fees altogether during his campaign to become the Labour party leader but last year he said Labour was “likely to move on” from the pledge. 

‘Labour are clowns just like their Tory predecessor,’ says the Daily Star.

The Daily Star says the u-turn shows the new government is as “tin-eared” as its Tory predecessor. The paper’s headline reads: “Return of the clowns.” 

‘Labour should U-turn on its spitful farm tax,’ reports the Daily Express.

The Daily Express calls for the government to make a U-turn on what it calls a ‘spiteful farm tax’. There has been an outcry from many farmers following changes to inheritance tax for farms announced in the Budget. 

Maia Sandu
Maia Sandu@sandumaiamd
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Moldova, today you are victorious. Together, we’ve shown the strength of our unity, democracy, and commitment to a dignified future. Thank you, dear Moldovans, at home and abroad. Walk with pride—you are freedom, hope, and resilience. I am proud to serve you all.
Zarah Sultana
Zarah Sultana@ZarahSultana
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Israel’s indiscriminate attack on Jabalia has killed over 50 children in 48 hours. Since last year, 16,700+ children have been killed & 20,000+ are missing. The UK is actively participating in genocide. Full arms embargo, sanctions & an end to diplomatic support to Israel NOW.
Carol Vorderman
Carol Vorderman@carolvorders
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Secretive finances of the Royal Family Money from charities, NHS, armed forces....horrified
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Joe Rogan endorses Donald Trump for president

Podcast host Joe Rogan has endorsed Donald Trump for president, citing Tesla CEO Elon Musk’s arguments as influential. “Musk makes what I think is the most compelling case for Trump

Indonesia volcano eruption kills at least 10

At least 10 people were killed when Mount Lewotobi Laki-laki erupted on Flores Island in Indonesia early Monday, officials reported. The eruption began just before midnight, sending lava and rocks

Bank of England set to lower interest rates as Budget dampens bets for 2025

The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government’s first Budget will push up inflation.

Analysts predict members of the Monetary Policy Committee (MPC) will vote to cut the central bank’s base rate by a quarter-point to 4.75 per cent at their next meeting on Thursday.

Official figures last month boosted hopes of a cut as inflation fell to 1.7 per cent, its lowest level since April 2021, and stickier services inflation also dropped.

Meanwhile, data showed wage growth eased again to its lowest level in two years. Average pay growth, excluding bonuses, fell to 4.9 per cent in the three months to August, down from 5.1 per cent in the previous quarter.

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Why uncertainty over the US election is a nightmare for investors

Uncertainty over the US election has put portfolio risk front of mind, as investors seek to both protect themselves from volatility and ensure they are well places to take advantage of the successful candidate’s policies, says Colin Clunie

This year’s US Presidential Election, set to take place on 5 November, is predicted to be one of the tightest in history, with the incredibly close polling figures reminiscent of the previous two election cycles. While they are currently indicating a slight lead for Donald Trump in several key swing states, the race remains highly competitive. For investors craving certainty, this is a nightmare. The situation puts portfolio risk front of mind, as they seek to ensure that they are protected from potential volatility due to the result, while equally being able to take advantage of the markets depending on the successful candidate’s policies.

The very different approaches that each candidate is expected to take from a fiscal perspective are referred to in recent analysis from the Committee for a Responsible Federal Budget, a non-partisan group in Washington. This report suggests that if successful, Trump would raise US debt by twice as much as his opponent, Kamala Harris. Equally, they take very different views on areas such as green investing, where Trump is an established sceptic.

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Schuh has created over 1,000 jobs since lowest pandemic ebb

Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck.

The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months.

Until the end of its year to 3 February, 2024, Schuh had not employed more than 4,000 since the year before the pandemic.

The latest total comes after Schuh’s headcount fell as low as 3,286 in the 12 months to 29 January, 2022.

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