'£50bn black hole' and parental help from a princess

Several papers lead on the warning from the independent National Institute of Economic and Social Research think tank of a multi-billion pound black hole. The Daily Mail and the Telegraph highlight the scale of what is apparently needed: five pence on income tax if Chancellor Rachel Reeves wants to keep afloat by the end of decade and still meet her fiscal rules. The i Paper focuses on the recommendation to use "fiscal drag", most likely through continuing freezes in national insurance and income tax thresholds.

The Times leads on what it says are loopholes in the UK's "one-in-one-out" migration treaty with France. Migrants will be ineligible for deportation if they have human rights claims outstanding, according to the paper. Ministers say any migrant deemed to have a "clearly unfounded" claim could be removed. The Times' leader column says the treaty seems unlikely to work, and suggests Sir Keir Starmer focus instead on creating consensus in the EU, for an overhaul of the European Convention on Human Rights.

An aerial photograph showing a destroyed cityscape in Gaza dominates the front page of the Guardian. A reporter, who travelled on a Jordanian military flight over the territory, likens the scene to the aftermath of an apocalypse.

The Daily Mirror reports that a picture seen in Jeffrey Epstein's house by the New York Times, appears to show him in the Royal Box at Ascot with Prince Andrew. The photo dates from 2000, five years before police began investigating Epstein. The picture is said to have had pride of place in his Manhattan townhouse.

The Sun reports that Gary Lineker has, three months after leaving the BBC, signed a deal with ITV to present a new game show, called The Box. The show is described as being hugely popular in Norway, and involves celebrities carrying out challenges, while inside boxes.

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