In the headlines
The reaction to the Budget in today’s papers is a “mishmash”, says Politico. Jeremy Hunt’s freeze on fuel duty gets a “Tanks a lot!” from The Sun, while The Guardian labels his removal of the £1.07m cap on tax-free pension savings a “giveaway for the 1%”. The I newspaper leads on the “stealth 4p rise in income tax”, with nearly six million people paying a combined £29.3bn more a year because tax bands are not rising with inflation. Credit Suisse has secured a £45bn loan from Switzerland’s central bank to shore up its finances. The firm, which hasn’t been profitable since 2020, had reported “material weakness” in its accounts. A Japanese fertiliser company has grown the world’s heaviest radish, says The Sun. The 45kg vegetable, which was harvested and weighed in Hiroshima, easily “beet the rest”.