The Papers: Reeves 'risks hurting pensioners' and shoplifting 'crisis'

The build-up to adjacent week's fund continues to pb galore of the papers. Chancellor Rachel Reeves has confirmed plans to alteration however the authorities defines its assets successful a mode that volition let it to get astir £20bn much per twelvemonth to money investment, the Financial Times reports. Writing successful the paper, Reeves says the alteration volition guarantee Britain avoids "the falls successful nationalist assemblage concern that were planned nether the past government".

The Daily Telegraph says erstwhile chancellor Jeremy Hunt has warned that Reeves' plans, and immoderate summation successful authorities borrowing, could mean involvement rates enactment higher for longer. Hunt replaced Kwasi Kwarteng arsenic chancellor aft the September 2022 mini-budget sparked turmoil successful the fiscal markets. The insubstantial says "traders are inactive reeling" from the occurrence and quotes Hunt saying: "The markets are watching."

The aforesaid comments pb the Mail, which quotes Hunt saying Reeves risks "punishing families with mortgages" if her changes propulsion up involvement rates.

The Times carries different informing to Reeves, this clip from Labour grandee and erstwhile enactment and pensions caput Lord Blunkett. In a missive to the paper, Lord Blunkett expresses interest astir reports the chancellor plans to enforce nationalist security connected employers' pension contributions. He says the determination could pb to employers reducing their pension contributions and harm surviving standards successful retirement.

Prime Minister Sir Keir Starmer has opened the doorway to providing non-financial reparations for Britain's relation successful the enslaved trade, the Guardian reports. It comes amid unit from immoderate Caribbean countries for reparations to beryllium among the issues discussed astatine the Commonwealth Heads of Government Meeting, which opens successful Samoa connected Friday. Earlier connected Thursday, a Downing Street spokesperson said it “does not recognise” reports the UK could see forms of ‘reparatory justice’ that would halt abbreviated of fiscal payments.

Cases of shoplifting are present astatine their highest level since records for England and Wales began, and outgo stores £1.8bn a year, the Metro reports. The insubstantial says determination were 469,788 offences successful the twelvemonth to June, up 29% connected the twelvemonth before. Industry figures archer the insubstantial thieves are becoming "bolder, much assertive and are much often equipped with weapons".

Mental wellness therapists antecedently banned for misconduct - including having enactment with their patients and being drunk successful sessions - cannot beryllium stopped from seeing clients due to the fact that regularisation of the manufacture is voluntary, according to the i. The insubstantial says that, successful 1 instance, a psychotherapist antecedently recovered to airs an "extreme information to the public" if not barred is inactive practising.

The Sun reports that 1 of the UK's atomic submarines ran truthful debased connected nutrient during a six-month patrol that its sailors were ordered to stock rations. Medics feared a "serious nonaccomplishment of life" from fatigue and attraction lapses caused by hunger, the insubstantial says.

And the Daily Mirror calls connected its readers to assistance eight-year-old Florrie Bark, 1 of the winners of its Pride of Britain award, rise £1m for her children's crab charity. The insubstantial says the wealth volition beryllium utilized to amended entree to acquisition for children with the disease, and carries the headline: "Help marque Florrie's imagination travel true."