Sunday press roundup: EU industry scheme, water sector and NHS funding

what happened

Sharecast's Sunday press review reports that Renault's chief, François Provost, told The Sunday Times Britain would have to drop its planned 2030 end to new petrol and diesel car sales in order to take part in the EU's Made in Europe programme. He added that the UK would also have to match Brussels on duties for Chinese goods, a condition that currently keeps British carmakers out, and he called the ban 'stupid'.

The Telegraph says ministers are angry that the Welsh Government is standing in the way of a US-backed space defence radar in Pembrokeshire, a project linked to a defence pact between the UK, US and Australia. The same paper cites Moody's, which warned that Andy Burnham's plan for greater public control of water companies could make their finances worse by raising the cost of capital needed for upgrades.

The Guardian reports that the NHS faces a harsher winter than usual. Health secretary Yvette Cooper announced £140m in extra urgent-care funding for 14 projects across England.

why it matters

For markets this is mostly background. Two points carry direct relevance: the conditions British carmakers face for access to the EU scheme, and Moody's warning that water companies could pay more for capital, which matters for UK utility shares. The rest is political and social news with little immediate effect on prices.

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