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Newspaper headlines: ITV orders inquiry and university funding 'broken' Newspaper headlines: ITV orders inquiry and university funding 'broken'
(about 5 hours later)
A variety of stories lead Thursday's papers. The i says analysis indicates that pledges made so far by Labour would cost £20bn and require the equivalent of a 3p rise in income tax. It quotes Paul Johnson, director of the Institute for Fiscal Studies, saying the fund-raising measures the party has proposed - such as charging VAT on private school fees and ending the non-dom status - would be "drops in the ocean". Labour tells the paper it faces "tough choices" but says it will explain how it will fund its plans.A variety of stories lead Thursday's papers. The i says analysis indicates that pledges made so far by Labour would cost £20bn and require the equivalent of a 3p rise in income tax. It quotes Paul Johnson, director of the Institute for Fiscal Studies, saying the fund-raising measures the party has proposed - such as charging VAT on private school fees and ending the non-dom status - would be "drops in the ocean". Labour tells the paper it faces "tough choices" but says it will explain how it will fund its plans.
The Daily Telegraph leads with the launch of its campaign to abolish inheritance tax. It says the tax is "profoundly unfair as it penalises people who have saved money throughout their lives" and is "punishing middle-class families who want to help children or grandchildren to own homes". It quotes former chancellor Nadhim Zahawi describing the tax as "morally wrong" and says it also has the backing of more than 50 Conservative MPs. A Treasury spokesperson tells the paper that 93% of estates aren't expected to pay the tax in the coming years and it raises £7bn a year to fund public services.The Daily Telegraph leads with the launch of its campaign to abolish inheritance tax. It says the tax is "profoundly unfair as it penalises people who have saved money throughout their lives" and is "punishing middle-class families who want to help children or grandchildren to own homes". It quotes former chancellor Nadhim Zahawi describing the tax as "morally wrong" and says it also has the backing of more than 50 Conservative MPs. A Treasury spokesperson tells the paper that 93% of estates aren't expected to pay the tax in the coming years and it raises £7bn a year to fund public services.
Britain will look to work with Bulgaria and Turkey as part of efforts to stop the flow of small boats across the English Channel, according to the Times. The paper says Prime Minister Rishi Sunak is set to announce a new partnership that will boost intelligence-sharing between the National Crime Agency and the Bulgarian police about crime groups smuggling boat equipment and people. It adds the agency has also been tasked with "building closer links" with Turkish authorities, though says a formal deal is not expected imminently.Britain will look to work with Bulgaria and Turkey as part of efforts to stop the flow of small boats across the English Channel, according to the Times. The paper says Prime Minister Rishi Sunak is set to announce a new partnership that will boost intelligence-sharing between the National Crime Agency and the Bulgarian police about crime groups smuggling boat equipment and people. It adds the agency has also been tasked with "building closer links" with Turkish authorities, though says a formal deal is not expected imminently.
The Guardian has spoken to a group of university vice-chancellors who say the funding model for high education in the UK is "broken". The group warns that, amid rising costs caused by inflation and new limits for overseas students announced last week, universities could be "squeezed between the plummeting value of domestic tuition fees and declining overseas recruitment".The Guardian has spoken to a group of university vice-chancellors who say the funding model for high education in the UK is "broken". The group warns that, amid rising costs caused by inflation and new limits for overseas students announced last week, universities could be "squeezed between the plummeting value of domestic tuition fees and declining overseas recruitment".
Animal rights protesters plan to sabotage this weekend's Epsom Derby with an invasion of the racecourse, according to the Daily Express. The paper says activists "aim to mingle with the crowd before swarming over the barriers" and onto the track. It adds that the Jockey Club, which owns Epsom and 14 other courses, has won a court injunction which threatens jail for anyone interfering with the race.Animal rights protesters plan to sabotage this weekend's Epsom Derby with an invasion of the racecourse, according to the Daily Express. The paper says activists "aim to mingle with the crowd before swarming over the barriers" and onto the track. It adds that the Jockey Club, which owns Epsom and 14 other courses, has won a court injunction which threatens jail for anyone interfering with the race.
The Metro leads with a threat aimed at British politicians by former Russian president Dmitry Medvedev over the UK's support for Ukraine. It comes after Foreign Secretary James Cleverly said Ukraine's right to defend itself should include the right to launch strikes "beyond its borders" if such strikes undermined "Russia's ability to project force into Ukraine itself". Medvedev - now deputy chair of Russia's Security Council - called Britain "our eternal enemy" and said public officials "who facilitate the war can be considered as a legitimate target".The Metro leads with a threat aimed at British politicians by former Russian president Dmitry Medvedev over the UK's support for Ukraine. It comes after Foreign Secretary James Cleverly said Ukraine's right to defend itself should include the right to launch strikes "beyond its borders" if such strikes undermined "Russia's ability to project force into Ukraine itself". Medvedev - now deputy chair of Russia's Security Council - called Britain "our eternal enemy" and said public officials "who facilitate the war can be considered as a legitimate target".
ITV has ordered an external barrister-led review into Philip Schofield's behaviour over his affair with a colleague on This Morning, according to the Daily Mirror. The paper quotes Carolyn McCall, the channel's chief executive, saying bosses feel "badly let down" by Schofield's denial of the relationship.ITV has ordered an external barrister-led review into Philip Schofield's behaviour over his affair with a colleague on This Morning, according to the Daily Mirror. The paper quotes Carolyn McCall, the channel's chief executive, saying bosses feel "badly let down" by Schofield's denial of the relationship.
The Mail says the announcement of the investigation comes after a "crisis staff meeting" and that it casts more doubt on the future of This Morning. It adds that senior figures at ITV remain "under pressure to admit what they knew and when" about the affair.The Mail says the announcement of the investigation comes after a "crisis staff meeting" and that it casts more doubt on the future of This Morning. It adds that senior figures at ITV remain "under pressure to admit what they knew and when" about the affair.
Prince Harry and Meghan Markle are to stop making "royal-bashing" documentaries and will now work with Netflix only behind the cameras, the Sun reports. The paper quotes a source saying: "That period of their life is over - as there is nothing left to say."Prince Harry and Meghan Markle are to stop making "royal-bashing" documentaries and will now work with Netflix only behind the cameras, the Sun reports. The paper quotes a source saying: "That period of their life is over - as there is nothing left to say."
The Financial Times reports that the world's largest producer of soda-ash, an ingredient used in the making of glass, is planning to list on the London Stock Exchange, and is targeting a valuation of $7.5bn - enough to enter the FTSE 100. The paper quotes Alasdair Warren, chief executive of WE Soda, saying that, "in London, we can be a big fish in a relatively modest-sized pond". It comes after British chip designer Arm switched its listing to New York and CRH, the world's largest building materials group, announced plans to do the same.The Financial Times reports that the world's largest producer of soda-ash, an ingredient used in the making of glass, is planning to list on the London Stock Exchange, and is targeting a valuation of $7.5bn - enough to enter the FTSE 100. The paper quotes Alasdair Warren, chief executive of WE Soda, saying that, "in London, we can be a big fish in a relatively modest-sized pond". It comes after British chip designer Arm switched its listing to New York and CRH, the world's largest building materials group, announced plans to do the same.
And the Star's front page says Henry VIII "wasn't such a wrong 'un". The paper says a Tudor historian has claimed that, aside from "marrying his brother's missus, bankrupting the country, being mean to the Pope and executing two wives", the monarch was a "well-mannered fella".And the Star's front page says Henry VIII "wasn't such a wrong 'un". The paper says a Tudor historian has claimed that, aside from "marrying his brother's missus, bankrupting the country, being mean to the Pope and executing two wives", the monarch was a "well-mannered fella".
A variety of stories lead Thursday's papers.
"Scrap unfair inheritance tax" is the headline in the Daily Telegraph, which has launched a campaign - backed by more than 50 Conservative MPs - for Prime Minister Rishi Sunak to abolish what it calls the "death levy". Writing in the paper, former chancellor Nadhim Zahawi says the tax is "morally wrong", while the paper says many think it is "profoundly unfair as it penalises people who have saved money throughout their lives".
The threshold for paying inheritance tax has remained at £325,000 since 2010. A Treasury spokesman tells the paper that more than 93% of estates are not expected to pay any inheritance tax in the coming years and that the measure raises more than £7bn a year to help fund public services.
The i says analysis shows that Labour's policy pledges - including free childcare - would cost the equivalent of a "3p hike in income tax". The director of the Institute for Fiscal Studies, Paul Johnson, tells the paper it's hard to say how Labour could "do anything more generous than is currently planned" without raising taxes. The i says Labour admits it faces "tough choices" if it wins the next general election, but that it denies making major unfunded promises.
Labour's policy pledges - including free childcare - would cost the equivalent of a '3p hike in income tax', according to the i
The Guardian has spoken to a group of university vice-chancellors who say the funding model for high education in the UK is "broken". The group warns that, amid rising costs caused by inflation and new limits for overseas students announced last week, universities could be "squeezed between the plummeting value of domestic tuition fees and declining overseas recruitment". The Department for Education tells the paper that it's providing £750m of extra funding over three years to support universities.
According to the Times, the prime minister will announce a new intelligence-sharing deal with Bulgaria to help target smugglers and "tackle the small boat crisis". The paper says Bulgaria has become a key point of entry to the EU, both for gangs bringing in boat equipment from Turkey and, following a crackdown on Aegean Sea crossings into Greece, for migrants. It adds that Britain will also seek closer ties with Turkey, although a formal cooperation deal is not expected imminently.
A group of university vice-chancellors say the funding model for high education in the UK is 'broken'
Animal rights protesters plan to sabotage this weekend's Epsom Derby with an invasion of the racecourse, according to the Daily Express. The paper says activists "aim to mingle with the crowd before swarming over the barriers" and onto the track. It adds that the Jockey Club, which owns Epsom and 14 other courses, has won a court injunction which threatens jail for anyone interfering with the race.
Several of the papers report that the rising cost of living is seeing people turn into bookworms. The Times says consumers are seeking more affordable entertainment in "hard times". It says that Bloomsbury, which publishes Harry Potter, has reported its best-ever financial results, as "new readers remain hooked". The Guardian declares that "books are flying off the shelves".
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