'Borrowing costs hit 28-year high' and 'Come cry with me'1 hour agoShareSaveAdd as preferred on GoogleThe upcoming local elections on Thursday and jet fuel shortages dominate Wednesday's papers. Long-term borrowing costs have hit at 28-year high, the Guardian reports, as Labour is "under pressure" to protect low-income households from soaring utility bills before winter. Elsewhere, superstar Beyoncé's eye-catching skeleton dress at the Met Gala dominates the top picture spot.The Financial Times follows by saying the fallout from soaring oil prices due to the conflict in the Middle East could mean that the UK economy will face a prolonged period of higher inflation.The Daily Telegraph features an interview with the first minister of Wales, who says there was a "danger" that Labour could lose control of the Welsh parliament because of protest voting. Baroness Morgan of Ely told the paper she hopes voters "will reflect on what this election is really about" and not "pick a fight" with Sir Keir Starmer."We're still the only ones on your side" is the PM's message on the Daily Mirror's front page. Writing in the paper, Sir Keir Starmer is urging voters to have faith that Labour can deliver on its promises ahead of local elections on Thursday.Greens leader Zack Polanski is facing accusations that he falsely claimed to be a spokesperson for the British Red Cross, the Times reports. The British Red Cross said Polanski "has not been a spokesperson" for the organisation and has raised the issue with his team. In response, the Green Party said Polanski had been a host "for several fundraisers for the British Red Cross" and had been on stage supporting their work."Come cry with me" is the Sun's take on the 13,000 flights that have been cancelled for May due to jet fuel shortages according to aviation firm data. The paper says figures show nearly two million seats have been slashed from flight schedules in just the past fortnight.The global jet fuel shortage deepens, echoes the i Paper as it reports that the UK is among countries hardest hit by the crisis this summer. Airlines warn that "millions" of seats on flights could be cut in the coming months as the war in Iran drags on.Shifting its focus to the Middle East, the Independent warns the ceasefire was "at risk of collapse" after Iran's latest attack on the UAE on Tuesday night and missile strikes in the Strait of Hormuz. Despite US Defence Secretary Pete Hegseth's insistence that the truce was "not over", Tehran has warned it was "just getting started".Iranians living in the UK who oppose Tehran's regime say they fear for their lives after their personal details were made public online, the Metro reports. One activist who is among more than a dozen people whose details were leaked, told the paper that he feels he has "a target on my back"."Unremovable" is the headline splashed across the Daily Express. The paper says new figures show the state of the UK's "broken asylum system", with only 495 small boat arrivals from Afghanistan, Eritrea, Iran and Iraq deported since 2018.
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