The Papers: 'Budget for a difficult moment' and Netanyahu's 'fate in balance'
Most of the papers focus on the Budget, which will be delivered at lunchtime on Wednesday. The Guardian says it is expected to target the cost of living, and quotes Chancellor John Healey in its headline, after he acknowledged that his first Budget comes as the UK faces a "difficult moment". The paper says this Budget will likely be a "relatively modest affair" as Healey grapples with "stark fiscal realities", adding that he will put off important decisions on tax and spending until next year.
The Times says Healey will announce the scrapping of green levies to cut energy bills "for good", pledging to make Britain more "resilient" in the face of global economic shocks. The paper also carries a photograph of King Charles III inspecting a guard of honour in the Bahamas at the start of his royal visit to the Caribbean.
The same photograph is front and centre of the Daily Telegraph, paired with the headline: "King: Slavery was a 'great suffering'". Addressing the Future Bahamas Youth Rally, the paper says King Charles acknowledged that some of the islands' culture was "born out of darkness". It added that he is expected to say more on the subject in his opening address at next week's Commonwealth Heads of Government Meeting.
The impact of this Budget on energy is also considered by the Financial Times, which writes that it has signalled the chancellor's goal of long-term reforms to the market. It reports that Healey will confirm £20.4bn of additional support for the state's business lender and infrastructure bank, which will support renewable energy, defence, AI and other projects. The extra capital will be granted over five years to projects that boost Britain's growth prospects and resilience, the paper adds.
"Burnham to target rising energy bills in high-stakes first Budget" reads the i Paper, adding that lower-income households are expected to get extra help with bills.
The Mirror thinks it will be a "Budget for workers", with the chancellor expected to "promise breathing space for hard-pressed households" and pledge "hope" for businesses.
Conservative leader Kemi Badenoch warns Labour is "coming for your pay packets" on the front page of the Daily Express. According to the paper, she said the chancellor has "chickened out of tackling out-of-control welfare". The leader has forecast a "stealth raid of wages", as the government "battles increasingly desperate public finances".
Similarly, the Daily Mail writes that Healey will "swerve welfare reform", calling it a "£6bn Budget benefits bonanza". It says the chancellor will not curb "runaway welfare spending", and instead, "increase the tax burden to the highest level on record". Sources told the paper that the chancellor has set aside £5.5bn in order to support a 3.5% increase to the benefits that are paid to approximately 10 million Britons.
Benjamin Netanyahu is pictured at the ballot box on the front page of the Independent, which says his fate "hangs in the balance" after a "historic" election in Israel. The paper notes that it was a record voter turnout, in the first election since the October 7 attacks.
The Sun is calling for Harry Kane to be knighted, following his Ballon d'Or "triumph. Declaring him "officially the greatest England striker of all time", the paper says it is "proud to lead a chorus of football fans" in demanding the "ultimate recognition" for him.
"Wife 'victim of sick fantasy'" reads the headline of the Metro, which reports on an ongoing court case in which a husband has admitted to drugging and raping his wife over 13 years.
The Daily Star reports that a celebrity has asked the High Court to prevent two news groups from publishing his identity and allegations that he abused his status for years to engage, or attempt to engage, in "inappropriate sexual activities with a large number of girls and young women". The unnamed star has denied the allegations, the paper says, adding that he has promised not to return to the public eye.
The Budget is on almost all the front pages. The Times and the Daily Telegraph report that the chancellor will scrap standing charges on gas household bills - fixed daily fees that must be paid, even if no gas is used. According to the Telegraph that will knock up to £50 off a typical annual bill, external.
The i Paper reports that lower-income households are expected to get extra help with energy bills., external The paper says the support is likely to come through an increase in the Warm Home Discount, which provides eligible households with £150 a year off their electricity bills. The discount is now expected to rise to £250.
According to the Financial Times, tax rises in the Budget will be modest, external, and targeted at banks and the gambling sector. The paper says the City of London has become resigned to the idea of a tax raid on bank profits.
The Daily Mirror says John Healey is likely to crack down on websites such as Amazon and eBay, external, making them responsible for collecting tax owed by retailers selling on their platforms. The paper warns the chancellor's scope for big giveaways is limited by fiscal rules blocking borrowing for day-to-day spending.
On its front page the Daily Mail says Healey will duck welfare reform and hand out billions of pounds more to benefit claimants, external. Conservative leader Kemi Badenoch makes a similar point in the Daily Express - saying the chancellor and the prime minister have "chickened out of tackling out-of-control welfare."
The Times reports that the Budget will assume that drilling for oil and gas will be approved at Rosebank field, external, west of Shetland, which would generate significant tax revenues. The paper says Healey strongly supports the project, but Energy Secretary Miatta Fahnbulleh, and Foreign Secretary Ed Miliband are opposed.
The Guardian says it has been told by government insiders that Rosebank can be approved without breaching the UK's carbon emission targets, external. The paper says that's partly because after the oil is exported, any emissions from burning it no longer count against Britain's domestic targets.
And the Sun calls for Harry Kane to be knighted after he won the Ballon d'Or award., external The paper says the "talismanic skipper" is not just a top-class goal machine for club and country but also a flawless role model and a true patriot.
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