Page last updated at 04:28 GMT, Wednesday, 26 May 2010 05:28 UK

Papers pore over Queen's Speech


Wednesday's papers all take a close look at the Queen's Speech, coming up with their own interpretations of exactly what it set out.

"Middle classes made to pay", says the Daily Telegraph, focusing on the "unqualified commitment" to raise capital gains tax.

The Guardian thinks the issue of voting reform "has the potential to disrupt the coalition" after the speech did not include a timetable for a referendum.

The Daily Express, meanwhile, has spotted a "significant policy shift" towards talk of "low taxes".

Hats off

The Queen's Speech is pure "political theatre" and we should not be afraid to update it, says the Times' leader.

The paper thinks David Cameron, not Her Majesty, should deliver it: "Without notes, if he wants to showboat again."

The Daily Mirror's Paul Routledge asks: "Why bother with the spectacle at all when democracies elsewhere get away without it?"

The Daily Mail says Samantha Cameron backed up her husband's message about straitened times by not wearing a hat.

'Stocky horror'

The turmoil on Tuesday's stock markets is the lead in the Financial Times.

"Economists are tense but upbeat," the paper says reassuringly, as most feel that problems in Greece and elsewhere are "not big enough to derail the global economy".

The Daily Telegraph, however, is worried. "The world is, once again, on the verge of a full-blown financial crisis," according to some experts.

In its own inimitable style, the Sun says Tuesday's market plunge was a day of "stocky horror".

Ready to 'Zep up'?

Who will replace U2 in the headline slot at this year's Glastonbury festival after Bono's back injury forced the band to pull out?

Well, the Independent plumps for Florence and the Machine, and dismisses rumours it could be the Rolling Stones.

"Organiser Michael Eavis would have to hand over all of the festival's profits and more to make the Stones juggernaut roll for a one-off gig," it adds.

The Sun, meanwhile, predicting that Led Zeppelin could "Zep into the breach".

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