'£50bn black hole' and parental help from a princess
- Published
"Reeves facing huge tax hikes to fill £50bn black hole" says the Daily Mail, reporting on research from the National Institute of Economic and Social Research that suggests a budget deficit of £41.2bn. Chancellor Rachel Reeves has "refused to rule out a fresh tax raid this autumn".
The Daily Telegraph has also led on the "£50bn hole" in the budget, declaring that the chancellor must raise taxes "immediately" if she wants to stick to her spending promises. Catherine, Princess of Wales, is pictured front and centre, after she released a series of videos to help families experience "everyday moments of connection".
Kemi Badenoch warns that Labour is carrying out an "assault on rural life" on the front page of the Express. The Conservative leader claims that inheritance tax on farms worth more than £1m is "cruel" and "unnecessary". The Princess of Wales' charity work has also made the front of the Express, captioned "Kate's 'life's work' to give our children better futures".
"Toxic culture led to Titan disaster" reads the Metro, leading on a report from the US Coast Guard that concludes OceanGate Expeditions CEO Stockton Rush "leveraged intimidation tactics" to avoid scrutiny of his company. The submersible imploded on a deep sea trip to see the wreck of the Titanic in June 2023, killing five people including Rush.
The Financial Times says Neil Woodford and his now-defunct company have been fined £46mn by the Financial Conduct Authority for "failures" leading to the fund's downfall. The Woodford Equity Income fund collapsed in 2019, in what the paper has named one of the biggest retail investment scandals in the UK.
The Times' headline reads "Migrants can use rights laws to evade deportation", reporting that legislation designed to protect human rights could undermine the "one in, one out" agreement with France. Actor George Clooney has been photographed with wife and human rights lawyer Amal at a fundraiser in Lake Como, with the image captioned "Dinner date".
The Guardian has an image of the Gaza Strip taking up the majority of the front page, paired with the headline "From above, Gaza is like the aftermath of an apocalypse". The paper was granted permission to travel aboard a Jordanian military aircraft carrying aid after Israel announced it would allow further co-ordinated humanitarian airdrops over the territory.
Gary Lineker is set to return to television, according to the Sun. The reports come three months after the presenter stepped down from BBC's Match of the Day, with the paper writing that he will be hosting a new ITV game show called The Box.
The front page of the Mirror leads on an image that allegedly shows Prince Andrew, Jeffrey Epstein and Ghislaine Maxwell in the royal box at Ascot. The paper says the photo was taken at Ascot Ladies' Day on 22 June 2000.
"Up before the beak" says the Daily Star, writing about a pet parrot that reportedly used slang for crack cocaine in a video and helped put a gang behind bars.
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