'The French correction' and 'Labour cuts £2bn from Army'
UK newspapers are covering a range of topics including upcoming budget tax concerns, a £2bn cut to army equipment, and the potential political impact of riots in France. Other stories include an RAF training accident investigation and government proposals for Thames Water.
Why it matters
These headlines reflect the current political and economic pressures facing the UK government and the broader European geopolitical landscape.
Many of the papers focus on the Budget next week. The Times says a "tax raid on banks" will be the biggest raiser of revenue, after the Chancellor resisted calls from "allies of Andy Burnham" to increase the rate at which capital gains is charged. According to the Daily Mail , the Conservative leader, Kemi Badenoch, will warn that the Budget "risks being even worse than the two delivered by Rachel Reeves".
The Daily Telegraph says "Labour has slashed £2bn from front-line army equipment", dropping plans to develop three new vehicles. The Ministry of Defence said the changes related to "future spend that was uncommitted" and that it was "exploring alternative options".
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