Monday newspaper round-up: Gaza, water bills, household savings...
By Benjamin Chiou
Date: Monday 06 Oct 2025
(Sharecast News) - President Donald Trump reiterated his warning that Hamas will face an aggressive offensive if the group does not agree to concede control of Gaza amid efforts to reach a ceasefire deal between the group and Israel. In a text message, sent to CNN reporter Jack Tapper Saturday, the president said the consequences for Hamas would be "complete obliteration!" if the group insists on staying in power. - The Independent
Millions of households in England face the prospect of even bigger water bill increases than originally expected, as the competition regulator prepares to give a preliminary verdict on industry spending plans as soon as this week. Five water companies appealed to the Competition and Markets Authority (CMA) to ask for permission to raise bills higher than allowed previously by the industry regulator, Ofwat. - The Guardian
The UK economy could be on shakier ground than initially thought, analysts warned after a chunky revision to Office for National Statistics data raised doubts about how much households have been saving. Analysts said the downgrade to the household savings ratio showed that there was unlikely to be "a massive wodge of cash" savings built up during the pandemic and its aftermath for consumers to raid to increase spending and boost economic growth. - The Times
Giorgia Meloni's government has attacked a decision by Donald Trump to slap Italian pasta makers with 92pc tariffs, pledging to pressure Washington to reverse the move. The US has slapped a 92pc anti-dumping duty on two major Italian pasta producers, La Molisana and Garofalo, with a dozen other companies potentially also in the firing line. The duty, which is likely to come into force next January, comes on top of Mr Trump's 15pc tariff on almost all goods imported from the EU. - The Telegraph
The government has announced what it claims is the biggest shake-up to the homebuying system in history, promising to slash costs for buyers and cut transaction times. Proposed reforms include requiring property sellers and estate agents to provide more information when a home is listed. This aims to reduce extensive buyer searches and surveys. Binding contracts could also be introduced earlier, reducing chain collapse risk. - The Independent
Sir Jim Ratcliffe's petrochemicals empire has frozen hiring as it focuses on reducing a debt pile of more than €11 billion. Ineos has put in place a "general recruitment freeze" across its businesses as the group restricts spending in the wake of a debt-fuelled acquisition spree across the United States, Europe and Asia. The company bought assets worth about €2.7 billion between 2022 and 2024 to expand its global reach, but it now faces financial pressures from US tariffs and a downturn in the chemicals market. - The Times
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