The Papers: 'Net migration almost halves' and 'Paint the town claret'
Recent news highlights a significant drop in net migration to the UK, reaching its lowest level since 2021. The Financial Times reports on the anticipated record IPO for SpaceX, potentially making Elon Musk a trillionaire. Additionally, London Mayor Sadiq Khan has blocked a controversial AI deal with Palantir, citing procurement issues.
- ▪Net migration to the UK has fallen to its lowest level this century, with 171,000 more people arriving than leaving.
- ▪The IPO for Elon Musk's SpaceX is expected to be the largest on record, creating a potential trillionaire prospect for Musk.
- ▪London Mayor Sadiq Khan has blocked a £50m deal with US tech company Palantir due to a breach of procurement.
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'Net migration almost halves' and 'Paint the town claret'Just nowShareSaveAdd as preferred on Google"SpaceX, OpenAl and Anthropic IPOs [Initial Public Offerings] to trigger Wall Street trading frenzy" is the Financial Times' lead story, describing the event as "blockbuster listings". The IPO for Elon Musk's Space X firm "is expected to be the largest on record", the paper writes, creating a "trillionaire" prospect for the Tesla tycoon. It also reports "net migration almost halves to lowest since 2021" for the UK, based on the latest figures released by the Office for National Statistics. "The number of extra people living in the UK has fallen to its lowest level this century – with 171,000 more arriving than leaving" is the Metro's top story.
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