The UK newspapers focus on the resignation of the OBR chief Richard Hughes amid political tensions and budget controversies, while also covering political struggles of Rachel Reeves, UK-EU relations, a criminal arrest, and proposed jury trial reforms.
UK shadow chancellor Rachel Reeves and the Treasury are under investigation by the FCA for potential market abuse related to the Budget build-up, amid accusations of misleading the public about the country's finances and political spin affecting market stability.
Dharshini David reports that Chancellor Reeves is preparing for a challenging Budget with significant tax increases likely to address inherited debt and economic issues, though these may impact growth and public services, raising questions about the overall effectiveness of the measures.
UK Chancellor Rachel Reeves faces a smaller-than-expected fiscal gap due to strong pay growth, with recommendations from the Resolution Foundation to increase fiscal buffers, implement tax reforms, and address inflation to stabilize public finances ahead of the upcoming budget.
Chancellor Rachel Reeves is expected to announce a Budget focused on fairness and opportunity, with likely tax increases despite previous pledges not to raise income tax, VAT, or National Insurance, as she aims to address economic challenges and meet fiscal rules.
Prime Minister Keir Starmer unveiled a 10-year plan for NHS England focusing on digitalization, community care, and prevention, amid mixed reactions and political debates, while Rachel Reeves faced personal challenges during the day.
UK markets rebounded after Prime Minister Keir Starmer publicly backed Chancellor Rachel Reeves, calming fears of fiscal instability and a potential leadership exit, though concerns about fiscal policy and market volatility remain ahead of the Autumn budget.
During Prime Minister's Questions, Keir Starmer faced tough questioning on welfare policies, with Labour's Reeves visibly emotional, highlighting ongoing political tensions in the UK. The article also touches on recent controversies involving UK festivals and international reactions, but the main focus is on domestic political debates.