The i says ministers are refusing to pay for the scheme despite a promise from the chancellor that millions of travellers will be offered discounted fares in the form of a 26-30 railcard. The Treasury says it is still committed to the scheme.
The FT says the recommendation – made by two parliamentary committees in a report on the collapse of Carillion – comes amid calls from watchdogs and policymakers for the auditing giants to be broken up.
The FT’s LEX column says it’s an “anomaly” that auditors are paid by the organisations they scrutinise and that lucrative consulting work represents a “clanging” conflict of interest.
Meanwhile, the deputy governor of the Bank of England has told the Daily Telegraph the British economy is entering what he calls a “menopausal” phase.
Ben Broadbent explains the metaphor as meaning the economy is no longer potent, and awaiting a breakthrough. He compares the current situation to that of 19th century Britain, when the steam era was over but the age of electricity was yet to begin.
The Daily Mail has a contrasting front page with the headline “Brexit Britain’s booming!” It says the predictions of “Remain doom-mongers” have been thwarted by employment figures, which were released on Tuesday, showing a record 32.3 million people are in work.
The Mail’s leader column calls on Britain to use its “considerable leverage” to extract a generous Brexit deal from Brussels.
He is said to have raised the concern in a letter to the prime minister setting out his opposition to the proposal, with the backing of other Brexit-supporting cabinet ministers.
And several papers give their take on the announcement of a Brexit White Paper which is to be published ahead of a European Council meeting next month.
The Financial Times believes it is an attempt by Theresa May to get “on to the front foot” in negotiations with Brussels, albeit with the significant hurdle of getting a warring cabinet to decide what should go in the document. The Guardian says the PM risks embarrassment if she can’t get agreement on her priorities.
The Times leads on a major study linking disrupted sleep to depression. The research, published in the The Lancet Psychiatry journal, found people who roam the house after dark checking their social media and watching TV are more likely to suffer from neuroticism and mood disorders and rate themselves as less happy and more lonely.
The study’s author advises a 22:00 GMT cut-off for mobile phone use and says there is truth in the old adage of “early to bed, early to rise, makes a man health wealthy and wise”.