What the papers say – February 8
What the papers say – February 8
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Cuts by both Donald Trump and Chancellor Rachel Reeves are among the stories leading Saturday’s newspapers. The i weekend reports that the UK is braced for US President Donald Trump to demand concessions for tech giants as the potential price of avoiding trade tariffs. The Guardian writes that Foreign Secretary David Lammy has labelled America’s move to cut its own international aid budget a “big strategic mistake” which could allow China to further its global influence.
The Financial Times reports the US President’s move into crypto has prompted a raft of copycat currencies, sparking warnings investors may be at risk of being tricked. The BBC’s Adam Henson has hit out at Ms Reeves’s farmer’s inheritance “tax raid”, writes the Daily Express. The Budget has ruffled feathers in both the country and City, with warnings the Chancellor’s plans to cut tax-free breaks on ISAs could cause disaster for the mortgage markets, as per the Daily Mail.
The Daily Telegraph splashes that a Caribbean delegation will demand trillions of pounds in reparations from the UK. The Times writes that universities may be pushed into “ideological conformity”, with cuts to research budgets on the table if institutions fail to meet diversity targets. The Daily Mirror splashes with the story of a former burglar who thought he would die alongside his 16-year-old friend when they were shot by farmer Tony Martin while trespassing on his property.
