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‘ Ace News Room U.K. Daily News Desk ‘

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#AceNewsRoom With ‘Kindness & Wisdom’ May.06, 2022 @acebreakingnews

Ace News Room Cutting Floor 06/05/2022

Follow Our Breaking & Daily News Here As It Happens:

#AceDailyNews says here are today’s Newspaper Headlines: It is an all about ‘ Local Elections ‘ and that Tories – Got a Drumming – Labour & Liberals Increased their seats and Scotland, Wales & Northern Ireland are looking at the Union and moving gradually away from its influence of ‘ Tory Party Rule ‘ after 12 years more soon Kindness & Love XX says 🙏🙏’s for the ‘ Future of Mankind Amen

Financial Times
The Bank of England’s warning that inflation is set to pass 10% features on many front pages. The Financial Times says the Bank has said the UK economy will “slide into recession” this year as higher energy prices drive inflation up. The interest rate has been raised to 1%, the highest level since 2009.
Daily Telegraph
The Daily Telegraph quotes Boris Johnson saying that the UK will “get through this tough patch”. The paper says the Conservative Party is braced for local election losses amid calls for the prime minister and Chancellor Rishi Sunak to do more to tackle the rising cost of living.
Daily Mail
“Families set for record squeeze” is the Daily Mail’s headline. It says the Bank of England has predicted that employees would see their post-tax pay fall by 3.25% in real terms in 2022 – the biggest drop since records began in 1990.
Metro
The same story leads the Metro as it says energy bills are to soar 40% and the economy is to “flatline”. The paper says Bank of England governor Andrew Bailey has blamed the “very sharp slowdown” on the pandemic and war in Ukraine.
Daily Express
The Daily Express says “Hold on to your hats! Recession looms” as it says soaring inflation, rising unemployment and higher interest rates will “inflict a triple whammy of pain on squeezed Britons”.

‘ Families face record squeeze after Bank’s warning of recession ‘

Daily Mirror
The Daily Mirror raises the Express as it says there is a “quadruple whammy” with energy bills also increasing. Alongside pictures of Boris Johnson and Rishi Sunak the paper asks “Why won’t they help?”
i
“Families face £1,200 hit” is the headline on the i, as it says there will be no help before the next Budget. The paper says Mr Sunak is under pressure to intervene but, the I understands, the Treasury will not lower taxes or offer extra support before the autumn.
Guardian
The Guardian says the government is facing calls to launch “a fresh package of emergency financial support for households”. The paper also reports that the official inquiry into the handling of Covid has been urged to cover racial inequality during the pandemic in a leaked letter from community leaders.
The Times
The Times says that cabinet ministers are demanding action from the chancellor to stave off recession. The paper says Rishi Sunak is under “mounting pressure” to implement radical tax cuts following the Bank’s warning. The front page also carries a picture of model Corgis created to take part in the Platinum Jubilee pageant.
The Sun
The Sun announces “It’s come home” as it follows up its lead from Thursday on England football bosses considering ditching anthem Three Lions as the official song for the national team’s World Cup campaign later this year. The paper says that “flaky FA bosses” have caved in after the paper “exposed their plot”.
Daily Star
The Daily Star tells people to grab helmets and sun cream as weather experts are predicting hail and lightning followed by 25C heat.
BBC News Daily on Facebook Messenger

Warnings that inflation could rise to above 10% later this year dominate the front pages. 

The Daily Mail’s headline is “Families set for record squeeze”, as it describes the economic assessment from the Bank of England as “grim”. 

The Financial Times says the Bank is warning of “household pain” and of the economy sliding into recession. It says that despite the Bank predicting a severe fall in household incomes, its Monetary Policy Committee voted to squeeze them further. 

The Guardian says the government is facing calls to launch a fresh package of emergency financial support for households – as well as a windfall tax on oil and gas companies. 

Andrew Bailey
Bank of England governor Andrew Bailey’s economic assessment is described as “grim”

The Daily Telegraph quotes the prime minister as saying the UK will “get through the tough patch” because of low levels of unemployment. 

The paper quotes an unnamed cabinet minister saying “a recession feels inevitable, what we’re hearing from retailers is horrifying – prices are going through the roof”. Another tells the paper that “2024 will feel like 1974”. 

The Times says cabinet ministers are demanding action and putting Chancellor Rishi Sunak under mounting pressure to implement radical tax cuts to stave off recession. 

The paper says households will face one of the most significant reductions in take-home pay since records began in 1964 – adding that it has led to “heightened concerns” within the Conservative Party about the government’s response to the cost of living crisis. 

The headline for the Daily Express is “Hold on to your hats! Recession looms”. It says soaring inflation, rising unemployment and higher interest rates will “inflict a triple whammy of pain on squeezed Britons”.

Alongside pictures of Boris Johnson and Rishi Sunak, the Daily Mirror asks “Why won’t they help?” It describes Thursday’s interest rate hike, combined with rising inflation, soaring energy bills and forecasts of growing unemployment as a “quadruple whammy”.

Away from the economy, the Times gives front page coverage to a report that 300 migrants will be removed to Rwanda each year, under a controversial scheme to send people there after they’ve crossed the English Channel in small boats. 

It says Home Office officials have indicated that only a fraction of the “tens of thousands” of migrants Boris Johnson said would be removed will actually leave – and if the analysis is correct, it would take 34 years before 10-thousand migrants were sent there. 

The Home Office says it doesn’t recognise the analysis and the numbers of people who may be sent to Rwanda is uncapped. 

The paper also reports that Buckingham Palace has drawn up contingency plans for the Prince of Wales to read the Queen’s Speech in Parliament next week, amid concerns she may be unable to attend. 

The Queen and Prince of Wales at the state opening of Parliament
The Prince of Wales could step in to read the Queen’s speech if his mother is unable to attend the opening of parliament

It says such a move would mark a significant step in the gradual handing over of the sovereign’s duties. 

Finally, the Sun devotes its front page to the England football team’s Three Lions anthem. 

After reports the song might be dropped for fear that its “football’s coming home” mantra could be seen as arrogance, the paper says “flaky FA bosses ditched the plans” after it exposed their “plot”.

#AceNewsDesk report ………..Published: May.06: 2022:

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