'The French correction' and 'Labour cuts £2bn from Army'












Many of the papers focus on the Budget next week. The Times says a "tax raid on banks" will be the biggest raiser of revenue, after the Chancellor resisted calls from "allies of Andy Burnham" to increase the rate at which capital gains is charged. According to the Daily Mail, the Conservative leader, Kemi Badenoch, will warn that the Budget "risks being even worse than the two delivered by Rachel Reeves".
The Daily Telegraph says "Labour has slashed £2bn from front-line army equipment", dropping plans to develop three new vehicles. The Ministry of Defence said the changes related to "future spend that was uncommitted" and that it was "exploring alternative options".
The Sun reports that the RAF training jet that crashed in north Wales last month was "flying with its fuel cap off". Officials say the two pilots steered the aircraft away from buildings, and ejected before it exploded on the ground. The paper notes that it's unclear whether the cap's absence "caused or even contributed to the accident." The RAF said it was investigating and wouldn't comment further.
The Guardian says the prime minister has asked his officials for more "radical options" to "fix" the struggling utility company, Thames Water. The paper reports he previously said he would nationalise the firm, and that one new proposal was to convert outstanding fines into a government stake in the company.
The Financial Times says the street violence in France has "shocked the public" six months out from a "high-stakes presidential election". Writing in the i Paper, the French writer Agnes Poirier, argues the riots could make a victory for the right wing candidate, Marine Le Pen, more likely. The article says that could make a post-Brexit reset in EU relations "considerably harder", and "leave Britain more isolated in its support for Ukraine".
Pictures of a large drone lifting a Ukrainian infantryman appear in some of the papers. The Telegraph says it's the first time Ukraine has used an aerial drone to rescue a wounded soldier from the front line. The Mail notes the operation was a "last resort", as the man was in a minefield and "could not be safely evacuated by a rescue team or ground vehicle".

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