The New Year Honours list features on the front of many newspapers today, with newly-knighted Gareth Southgate getting a mention. The Times reports that “millions of teachers, nurses and civil servants could be offered higher salaries in return for lower pensions”. The i’s focus for the Honours is on the OBEs awarded to four former sub-postmasters following the Horizon scandal. Sadiq Khan’s knighthood gets the attention of the Daily Mail, which quotes shadow home secretary Chris Philp’s claim that the gong is a “reward for failure”.
The Daily Mirror runs with the headline Sir Gareth, referencing Southgate’s knighthood but also featuring some other famous names from the Honours list. The Sun leads with a story on five people who have been charged over the death of Liam Payne, as well as Olympic runner Keely Hodgkinson being awarded an MBE. The Daily Express reports on newly-released papers describing the government’s attitude to immigration in 2004.
In a shift that has seen traditional stockpicking funds struggling to justify their fees, the FT reports that there has been a shift of $450bn from actively managed funds to cheaper passive investing, marking a difficult time for actively managing portfolios
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