Monday newspaper round-up: Tax cuts, Heathrow, The Telegraph

(Sharecast News) - Jeremy Hunt has played down the prospect of immediate income tax cuts, pledging not to do anything in this week's autumn statement that will fuel inflation. Although some Conservative backbenchers are eager for measures that would be quickly felt by households, the chancellor on Sunday sought to emphasise the need to promote growth and indicated that tax cuts were "not going to happen overnight". - Guardian Passengers are facing delays at Heathrow airport after strong winds and staff shortages led to air traffic control restrictions. There were reports from angry passengers on social media on Sunday who said their flights had been delayed or cancelled. - Guardian

The Abu Dhabi-backed investment fund RedBird IMI is in line to take control of The Telegraph within weeks in a deal that is causing concern among Conservative MPs. RedBird IMI would serve as a conduit for a £1.2bn loan, mostly provided by the Emirati royal and Manchester City owner Sheikh Mansour bin Zayed Al Nahyan, which would allow the Barclay family to repay in full a debt to Lloyds Banking Group. - Telegraph

A £1.4 billion bid for Halfords from Redde Northgate has been dismissed because it "undervalues" the bike and car parts retailer, according to reports. That may not be the end of a potential deal, though. The Sunday Telegraph quoted a source as saying: "There were discussions about what an integration of the two businesses might look like, but there were questions over the valuations of both companies. - The Times

A record number of office refurbishments were begun in London this summer as landlords rushed to tart up tired-looking blocks that corporate renters increasingly are shunning. Between April and September, renovation work began on 34 buildings totalling 3.3 million sq ft of workspace, according to Deloitte's latest office crane survey. It is the second time in a row in the professional services group's survey that the number of new refurbishments getting under way has broken records. - The Times