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As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on householdsIt has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed bosses to boost bonus pots and give billions of pounds to shareholders.Collectively, the UK’s four largest lenders – HSBC, NatWest, Barclays and Lloyds – reported £29.2bn in profits ove

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PMBP boss urges Burnham to prioritise UK oil and gasRevealed: major oil firms make $93bn profits amid war and climate crisisBP will ignore “sentiment” and “history” in pruning its portfolio of assets, says its new-ish boss, Meg O’Neill. She demonstrated as much last week when putting the company’s 60-year-old North Sea oil and gas business up for sale, explaining o

The prime minister has unveiled his plans for English devolution. The picture in Scotland, Wales and Northern Ireland is much less clear After early statements of intent on homelessness and social care, Andy Burnham capped his opening two weeks in office by addressing what one might call the English question. Plans for greater fiscal devolution to England’s mayoral authorities, unveiled last week, are part of what is perhaps the primary raison d’etre of Mr Burnham’s government: the nee

Initiatives including cutting permits just to serve ice-cream amount to a sweeping program of deregulationRed Scare? The democratic socialist mayor of New York City spent this week talking about red tape.On Tuesday, Zohran Mamdani – the politician at the center of a revived rightwing panic about socialists and purported communists winning elections across America - posted a video on X of himself putting a sheet of paper with the phrase “RED TAPE” into a paper shredder. Other pieces of

Com uma enxurrada de medidas de custo de vida e um dia em Number 10 North, o novo primeiro-ministro começou com as notas certas. Andy Burnham encerrou a semana de sinalizações políticas de volta em Manchester, com prefeitos regionais e ministros reunidos no novo No 10 North.

Secretário de Energia enfrenta críticas crescentes sobre duração da guerra dos EUA com Irã enquanto democrata chama conflito de 'guerra de escolha'. Número de soldados americanos mortos chega a 17.

De lidar com Trump a aliviar o custo de vida, o próximo primeiro-ministro está ponderando sua abordagem para questões contenciosas. Andy Burnham recebe aconselhamento da ex-assessora Sue Gray sobre os problemas políticos imediatos a serem resolvidos.

As férias domésticas britânicas atingem seus níveis mais altos desde a Covid. O início da alta temporada de verão trará milhões de motoristas às estradas britânicas, com preocupações sobre caos no trânsito enquanto o porto de Dover enfrenta seu maior teste com os novos controles de fronteira da UE.

Fining errant corporations is welcome – but when consumers are also getting shaken down on their local high street, it’s time for a new and boisterous approachIt’s a story that warms the heart and lifts the soul: last week, Virgin Media was fined a record £28m by Ofcom for repeatedly preventing customers from cancelling their contracts. Its methods were insidious: deliberate call-dropping, unnecessary call transfers and constantly putting customers on hold. For anyone who has experienc

Vulnerable people more at risk as research finds only half of local authority plans require cooling strategiesEngland risks constructing a new generation of “death trap” buildings that can fatally overheat unless the government tightens standards and prioritises climate safeguards, planning experts have said.Fears are growing about the plight of vulnerable people in heatwaves, with research this week suggesting that 2,700 people had died in the May and June heatwaves in England and Wal

Andrew Bailey warns that US will not be able to achieve its ambitions aloneThe Bank of England governor has called for international cooperation to tackle growing AI threats, warning that the US and Trump administration would not be able to achieve their ambitions alone.Andrew Bailey’s comments come weeks after the US president, Donald Trump, temporarily banned foreigners from using Anthropic’s powerful Claude Mythos model. Continue reading...

Donald Trump’s tariff threat recasts Brazil’s attempt to protect its democracy as unfair commercial practice – and gives Bolsonarism a Washington stageLast June, Brazil’s supreme court responded to the online lies that helped fuel Jair Bolsonaro’s failed far-right coup attempt in 2023. It ruled that social media platforms could be held liable for some users’ posts, forcing firms such as Elon Musk’s X and Mark Zuckerberg’s Meta to remove hate speech and anti-democratic content. A month