US economy ‘overheating’ and ‘Ukraine fears’
BBC
“Surging US stock markets sound alarm for ‘overheating economy'” reads the main headline on the Financial Times. It quotes one of the world’s biggest bond fund managers, Dan Ivascyn at Pimco, as saying “US equity markets could suffer a reversal after hitting record highs since Trump was elected president”. The paper offers full coverage of what it says could be other election result ramifications under the headline “Trump unleashed”. In other news, the paper reports attacks on Israeli football fans in Amsterdam “spark diplomatic incident”.
“UK mortgage rates set to stay higher in 2025 thanks to Reeves and Trump” is the headline on the I paper, referring to both the UK chancellor and the incoming US president. It quotes a “4% prediction for end of next year instead of steeper drop”. The paper also carries a picture of King Charles III in full royal regalia captioned “Britain’s secret weapon with Trump 2.0”. Elsewhere, an I exclusive reports that police are investigating a We R Blighty cash collection for veterans. The company “denies all claims of wrongdoing”.
UK PM Sir Keir Starmer plans to increase defence spending to 2.5% of GDP when Trump takes office, the Daily Telegraph reports. It is expected to reach 2.3% in the current year. The move would be seen as an “olive branch” to the new president, the paper says. “Labour paves way for the four-day week” after “imposing a £25 billion tax rise on business” the paper declares in its main headline. It cites plans for “shorter working hours for the same pay by South Cambridgeshire council” as an example and an offer from Sadiq Khan, the mayor of London, to Tube drivers in response to a new strike threat. Dominating the front page pictorially is a photo of Sir Ben Ainslie and his wife Georgie after the Olympic sailor announced they had had a surrogate child having struggled 10 years to conceive.
“Iran plot to kill Trump” is the headline in the Times, which says a man linked to Iran’s Revolutionary Guard is among three people charged in the US. Two of Trump’s family members feature in the paper’s main image: his wife Melania and their son Barron, 18, who it says “helped dad back to big time” by taking his message to young men as his podcast adviser. In the paper’s Weekend section there is something for older men too, under the headline “I did the Gladiator workout at 60”, while the Magazine promises to tell us the “real reasons” people do not get a “good night’s sleep”.
“Ukraine fears relations with UK have ‘worsened'” is the headline on the Guardian which quotes a “senior figure in [Ukrainian President] Volodymyr Zelenskyy’s administration” as saying any trip to Kyiv by Sir Keir would be “worthless” without a commitment to replenish Storm Shadow missile stocks. “There’s no point in his coming as a tourist,” the unnamed source says. Turning to the Middle East, the paper quotes the UN as saying 70% of people killed in Gaza are women and children.
A Daily Express undercover team has uncovered plans for pro-Palestinian activists to “‘swarm’ Armistice Day services and bring chaos to UK cities”, the paper says. It has alerted Scotland Yard to the plans for Youth Demand’s co-ordinated “protests dishonouring our war dead”. In a response to the report on X, Youth Demand said it had a “publicly announced plan to take action next week by coming to a public event”. The paper also runs a photo of the Princess of Wales wearing a poppy with the headline “But Kate WILL mark Remembrance weekend with her usual dignity”.
“Britain’s first fat jab death” is the headline on the Daily Mail. “NHS nurse who bought ‘King Kong’ of slimming drugs from online pharmacy dies after taking just two doses.” Susan McGowan, 58, took two low-dose injections of tirzepatide, known under the brand name Mounjaro, over the course of about two weeks before her death on 4 September. It is thought to be the first death officially linked to the drug in the UK. In other news, Prince Andrew “finds the money” to stay on in Royal Lodge, according to the Mail. The prince has a lease with the Crown Estate to stay in the Windsor house until 2078 but it has been suggested he has to be self-financing if he wants to fulfil the requirements to keep up the maintenance of the 19th Century listed building.
A man described as a friend of Liam Payne has denied deserting the singer before he died at a Buenos Aires hotel last month, the Daily Mirror reports. “I did not abandon Liam,” says the headline. It continues: “Heartbroken pal says he left singer chatting and joking in hotel lobby.”
The world has been Tangoed, says the Daily Star, referring to new president Donald Trump. It goes on in various ways to refer to President Trump’s long-known penchant for fake tan. The paper says his win has led to “global politicians” doing “a screeching U-turn on insults” and claims staff in the Guardian newsroom are being offered counselling by their editor over his victory.
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