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Economy May 26, 2026

Next Boss Warns of 'Dramatic Fall' in UK Entry-Level Jobs as Youth Unemployment Soars

Next's CEO Lord Wolfson has sounded the alarm over a dramatic decline in UK entry-level jobs, with …
The Crisis in Youth EmploymentThe boss of Next, Lord Wolfson, has issued a stark warning about a "dramatic fall" in entry-level jobs across the UK, highlighting how this trend is driving up youth unemployment. The clothing and homeware retailer, where Wolfson has been chief executive since 2001, typically received 10 applications for every job in its shops in 2024, but that number has now surged to 19."That doubling of applicants for shop jobs is indicative of just how big the crisis is in youth unemployment at the moment," Wolfson told the BBC. His comments come as a government-commissioned report is expected to find that Labour has failed to tackle the soaring number of people not in education, employment or training (Neet), with almost a million young people in this category.Changing Retail Landscape and Employment PracticesThe retail industry is undergoing significant transformation, with Next increasingly adopting automation and other technologies such as self-scanning lockers for customer returns, reducing the need for staff on tills. This technological shift is part of a broader trend where entry-level roles are most vulnerable to the advent of artificial intelligence.Wolfson specifically pointed to the upcoming ban on zero-hours contracts, included in the government's Employment Rights Act, as a factor that will make hiring more difficult. "While I am in favour of eliminating zero-hours contracts in most sectors, the new rules are tricky for retail, because the risk is you then have to contract for those hours forever," he explained.More than a million people in the UK are currently working on a zero-hours contract basis, spanning hospitality, warehouses, and even the NHS. The new legislation will require employers to offer guaranteed hours to casual workers, a change Wolfson suggests will make it "much harder" for Next to offer more flexible hours to its staff.Economic Pressures on Businesses and Young WorkersWolfson, who received a record pay package of more than £7m last year and could be paid up to £9.27m this year, called on the government to reverse the rise in national insurance contributions (NICs) employers have to pay, alongside minimum wage increases. These cost pressures, he argued, have led Next to reduce staffing levels in individual stores while its online business continues to thrive."Traditionally, young people often get their first week experience at a shop stacking shelves or serving drink and food in a restaurant, cafe or pub," Wolfson noted. "Because of the cost increases, we have fewer staff in individual shops."A Treasury spokesperson countered: "Cutting wages for the lowest paid during a time of global uncertainty is not the answer. Increasing the national minimum wage boosts pay for over 200,000 young workers, and employer NICs are lower when hiring under‑21s."Industry Transformation and Labor Market ChallengesThe retail sector's evolution reflects broader changes in the UK labor market. Alice Martin, head of research at the Work Foundation at Lancaster University, emphasized that "young people are entering one of the toughest labour markets in years, facing intense competition for a shrinking number of entry-level jobs."Retail and other sectors are changing rapidly, with more online sales and fewer staff needed on the shop floor. This transformation has contributed to a sharp fall in vacancies, leaving many young people facing repeated rejection as they try to enter the workforce."A difficult labour market is no excuse for undermining pay or job security," Martin added. "The ban on exploitative zero-hour contracts is long overdue. One in five workers in the UK is in severely insecure work, without predictable pay or basic protections."Future Outlook for Youth EmploymentWolfson suggested that ultimately, the best way to improve the jobs market is through economic growth. "Youth unemployment is really a symptom of wider problems with employment in the economy, and of course, if you've got fewer jobs, the people who suffer most are the people with the least experience and that is the youngest," he explained.The government's upcoming "system reset" to address the Neet crisis will likely need to address multiple factors simultaneously, including the changing nature of work, technological displacement of entry-level positions, and the need for better pathways for young people into sustainable employment.As Next continues to invest in its online operations while reducing physical store staffing, the company's experience may serve as a microcosm of broader economic shifts that will require innovative solutions to ensure young people can successfully transition into the workforce.
#Next #Lord Wolfson #UK unemployment
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Business May 26, 2026

BP Removes Chair Albert Manifold Over Governance and Conduct Concerns

BP’s board has removed chair Albert Manifold after just eight months, citing serious governance and…
Board Ousts Albert Manifold Over Governance and Conduct Lapses BP’s board announced the immediate removal of chair Albert Manifold after just eight months, citing “serious concerns” about governance standards, oversight and conduct. Appointment date: October 2025 Tenure: Eight months Interim chair: Ian Tyler, former CEO of Balfour Beatty Share Price Plummets 9% After Chair’s Dismissal Within minutes of the announcement, BP’s shares fell 9% in London trading, later stabilising to a net decline of about 6%, making the stock the FTSE 100’s top loser that day. Governance Turmoil Raises Questions on BP’s Strategic Direction The ouster follows a pattern of senior‑leadership exits at BP, including former CEO Bernard Looney in 2023 for conduct breaches. The board’s swift action underscores heightened scrutiny of BP’s shift back to fossil‑fuel extraction and the abandonment of renewable investments. What’s Next for BP’s Leadership and Investor Confidence With Ian Tyler stepping in as interim chair, the board must reassure investors while navigating the ongoing strategic overhaul. Analysts expect a renewed focus on transparent governance and may see further board reshuffles before a permanent chair is appointed.
#BP #Albert Manifold #Ian Tyler
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Sports May 26, 2026

Knicks Complete Historic Sweep, Return to NBA Finals After 27-Year Drought

The New York Knicks completed a dominant 4-0 sweep of the Cleveland Cavaliers in the Eastern Confer…
The Knicks' Historic Journey to the FinalsThe New York Knicks are back in the NBA finals for the first time since 1999 after completing a dominant 4-0 sweep of the Cleveland Cavaliers in the Eastern Conference finals. The Knicks are in ruthless form as they attempt to win their first NBA championship since 1973, having also swept the Philadelphia 76ers in the Eastern Conference semi-finals and beaten the Atlanta Hawks 4-2 in the first round of the playoffs.Dominance in the Eastern ConferenceThe Knicks' path to the finals in their Eastern Conference has been remarkably smooth. While Cleveland only seriously threatened the Knicks in the opening game of the East finals—when they held a 22-point lead in the fourth quarter before Jalen Brunson inspired New York to a thrilling comeback win in overtime—the Knicks won the next three games by 16, 13, and 37 points. This performance has established the Knicks as a formidable force in the league, with an 11-game winning streak that stands as the third longest in a single postseason in NBA history.Brunson's Leadership and RecognitionJalen Brunson has been the star of the series, earning the Larry Bird Trophy as the Eastern Conference finals MVP after averaging 25.5 points and 7.8 assists across the series. Brunson, whose father Rick played for the Knicks the last time they reached the finals, paid tribute to his teammates after Monday night's game: "It means a lot [to get to the finals], but I wouldn't be here without my teammates. My coach, this staff, the fanbase, without them none of this is possible." His leadership has been vital for the team, as noted by teammate Josh Hart: "He's an even keel, he doesn't let us get too high or too low. Even games like this when we're up 15 or 20, he wants to make sure we're doubling down on our habits."The Finals Challenge AheadWhile the Knicks' journey through the Eastern Conference has been smooth, they will face a stiff test to claim the NBA title. They will face either the reigning champion Oklahoma City Thunder, a team with very few flaws, or the San Antonio Spurs, led by 7ft 4in superstar Victor Wembanyama. The Spurs-Thunder series is tied at 2-2 with Game 5 on Tuesday night, setting up a compelling matchup for the Knicks regardless of which team emerges from the Western Conference.The Knicks' Cultural ImpactThe Knicks' presence in the finals will bring plenty of attention to this year's championship. On Monday, several of their high-profile fans, including Spike Lee, Tracy Morgan, and Timothée Chalamet, made the journey to Cleveland to see them complete their victory. The team's popularity is evident in the enthusiasm of their fans, as described by Knicks guard Landry Shamet: "Knicks fans are a specific species of human that should be studied, they're crazy. They fly out to Cleveland on a Monday, they're everywhere. Everywhere you walk in [New York City] that's what you hear, the buzz is unbelievable. You could try to explain what's going on for Knicks fans in New York right now, but good luck."Economic Impact and Market ExcitementThe Knicks' return to the finals has already created significant market excitement. Their first home game of the NBA finals will take place on 8 June, and courtside seats for that matchup are already priced at $105,000 on resale sites. This reflects the high demand and premium value associated with Knicks games, particularly during their historic run to the championship series. The economic impact extends beyond ticket sales, with increased merchandise sales, media attention, and tourism expected throughout the finals series.
#New York Knicks #Cleveland Cavaliers #NBA Finals
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Sports May 26, 2026

Enhanced Games Rejects Claims of Mistaken World Record Timing

The Enhanced Games has dismissed online claims that a world record set in Sunday's event was mistak…
The Controversy Surrounding the Enhanced Games World Record The Enhanced Games has dismissed suggestions by online sleuths that a world record set in Sunday's event was mistakenly timed, calling them 'completely unfounded internet drivel'. The Event Details Some accounts on Instagram had noted that the Greek swimmer Kristian Gkolomeev appeared to touch the wall after his time of 20.81 seconds in the men's 50m freestyle flashed up on screen. That was 0.07sec quicker than the world record set by the Australian Cameron McEvoy in March, although it will not count for official purposes as Gkolomeev was using performance-enhancing drugs banned by the World Anti-Doping Agency and wearing an outlawed skinsuit. The Data Analysis Both the performance-enhancing drugs and the skinsuit are believed to give a boost of about 2%, according to the Briton Ben Proud, who finished second. An Enhanced Games spokesperson said its timing apparatus had been operated by Primetime Timing, 'a recognised, reputable, ISO certified system used in countless other international events and never questioned.' The Impact Analysis Any suggestions Kristian's time is illegitimate is disrespectful to his achievement, highly speculative, completely unfounded and largely internet drivel that we reject. The Enhanced Games spokesperson said that Primetime Timing had stood by their system. 'Our provider stands by the certification and integrity of their system. Enhanced welcomed USA Swimming certified Meet Administration Officials onsite who verified the operating system throughout the event.' The Prediction This is not the first time swimming timing systems have been questioned. During the 2008 Olympics, Michael Phelps's victory in the men's 100m butterfly was questioned due to the force applied to the touchpad and was subject to a protest from Serbia. One potential explanation for people querying Gkolomeev's time was that the clock was not quite synced correctly to the livestream.
#Enhanced Games #Kristian Gkolomeev #Cameron McEvoy
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Lifestyle May 26, 2026

Living Without a Weather App: Surprises, Psychology and the Business of Forecasts

A Guardian columnist stopped checking weather apps for a week, discovering unexpected joys and frus…
Why I Stopped Checking the Forecast and What I LearnedFor a week I deliberately ignored my weather app, letting the sky dictate my plans. The experiment revealed a mix of pleasant surprises, moments of inconvenience, and deeper insights into how forecasts shape our daily choices.The Week‑Long Experiment: Day‑by‑Day ObservationsDay 1 – Saturday: Sunny start, sudden cloud, then sunshine again; I enjoyed spontaneous outdoor time.Day 2 – Sunday: Expected rain never arrived; a long drive and an 80th‑birthday lunch proceeded without a drop.Day 3 – Monday: Cold morning turned sunny; I dressed simply and adapted to a brief shower.Day 4 – Tuesday: App warned of 15 °C, I ignored it, and the day stayed dry despite a brief heavy shower later.Day 5 – Wednesday: A sudden hailstorm passed while I was inside a café, underscoring the unpredictability of local weather.Numbers That Reveal the Power of ForecastsMore than 50 % of Britons say they would cancel an outing if a forecast shows a 40 % chance of rain.Over 80 outdoor attractions, including Chester Zoo and the Eden Project, complained to the Met Office about lost visitors; Chester Zoo estimates a loss of up to £137,000 in a single day.According to a Harris Poll survey, 37 % of respondents rely only on the headline weather symbol, while 55 % would change plans at a 40 % rain probability.Another 60 % admit they have abandoned a day out only to discover the weather was fine.Reading University’s 2024 accuracy ranking placed the Weather Channel first, AccuWeather second, the Met Office third, Apple fourth and the BBC fifth.How Forecast Bias Shapes Behaviour and BusinessPsychologist Trevor Harley explains that weather apps give an illusion of control in an increasingly uncertain world, especially amid climate‑change anxiety. This “wet bias”—presenting any chance of rain to avoid disappointment—can amplify risk‑averse decisions, driving people to cancel plans or over‑prepare.For businesses, the visual cue of a raincloud can deter visitors, translating into substantial revenue loss. The Met Office’s radar visualisations, while more precise, are still limited by topography and rapid shower development, meaning local accuracy remains a challenge.What the Future Holds for Weather Forecasting and Everyday ChoicesAs hyper‑local radar data becomes more accessible, experts advise checking visualisations rather than summary icons. Meanwhile, mental‑health advocates suggest embracing “weather‑agnostic” habits—stepping outside and observing conditions directly—to reduce anxiety and improve mood.In the coming years we can expect:Greater integration of real‑time radar into mainstream apps.More transparent communication about forecast uncertainty.Public health campaigns promoting outdoor activity regardless of modest rain chances.
#The Guardian #Weather apps #Trevor Harley
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Environment May 26, 2026

Duchy of Cornwall Commits to Doubling Dartmoor’s Temperate Rainforest by 2040

The Duchy of Cornwall has pledged to double the area of Atlantic‑type temperate rainforest on Dartm…
The Duchy’s Bold Rainforest Expansion TargetCampaigners from the Dartmoor Nature Alliance (DNA) unfurled a banner at Black‑a‑Tor copse urging the protection of England’s remaining temperate rainforests. In response, the Duchy of Cornwall announced a commitment to double the extent of its duchy‑managed Atlantic rainforest on Dartmoor, covering both Black‑a‑Tor and Wistman’s Wood, by 2040.Funding and Planting Numbers Highlight Scale of Restoration£30 million ring‑fenced by the UK government for wildlife‑rich habitat creation, including ancient woodland restoration.The Black‑a‑Tor copse spans 29 hectares (72 acres), a relic of Bronze‑Age oak forest.800 acorns collected by Moor Trees are being nurtured for future planting at the copse.1,200 saplings have already been planted at Wistman’s Wood over the past two years.Ecological and Community Implications for DartmoorTemperate rainforest is one of the world’s rarest habitats, with surviving pockets in western Scotland, Cornwall, Devon, Wales and Cumbria. The new target aligns with a recent Natural England report that identified livestock grazing as the chief threat to regeneration at Black‑a‑Tor. Excluding grazing, installing protective guards, and involving the roughly 200 commoners who hold grazing rights will be essential to the plan’s success.What the Next Decade Could Hold for UK Temperate RainforestsIf the Duchy meets its 2040 goal, Dartmoor could host twice its current rainforest area, creating a contiguous refuge for ancient oak, lichens and mosses. Success would also provide a model for other UK regions, potentially spurring additional public and private investments in woodland restoration and influencing national policy on land‑use and biodiversity.
#Dartmoor #Duchy of Cornwall #Dartmoor Nature Alliance
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World Wide May 26, 2026

Fire Erupts Near Edinburgh’s Iconic Arthur’s Seat, Prompting Emergency Response

A fire broke out on the slopes of Arthur’s Seat in Edinburgh on 26 May 2026, drawing the attention …
Blaze Ignites on the Slopes of Arthur’s SeatA fire was reported near Arthur’s Seat, the iconic volcanic hill overlooking Edinburgh, on 26 May 2026. Video shared by local witnesses shows flames licking the hillside, prompting immediate concern from residents and visitors.Emergency Response and Immediate ImpactLocal fire crews were dispatched to the scene shortly after the incident was reported.At the time of reporting, no injuries or fatalities had been confirmed.Roads surrounding the hill were temporarily closed to facilitate safe access for emergency vehicles.Implications for Edinburgh’s Tourism and Urban SafetyArthur’s Seat is a major draw for tourists and hikers; any disruption can affect visitor numbers and local businesses. The incident highlights the need for robust fire‑prevention measures in natural urban landmarks, especially during dry periods.What Comes Next: Anticipated Safety Measures and Community OutlookAuthorities are expected to conduct a thorough investigation to determine the fire’s cause and to review existing safety protocols. Community groups may advocate for increased monitoring and public awareness campaigns to prevent future incidents.
#Edinburgh #Arthur's Seat #Scotland
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Business May 26, 2026

NS&I Failures Cause Delays for Bereaved Families Claiming Premium Bonds

NS&I's outdated process and tracing errors have caused significant delays for bereaved families cla…
The Plight of Bereaved Families Families of deceased NS&I; premium bond holders are facing significant delays in claiming their loved ones' savings, with some waiting over a year to receive their funds. Kate Constable, whose mother passed away, waited 14 months to claim £46,000 in premium bonds. The process was prolonged due to NS&I;'s requirement for probate for claims over £5,000, which added nine months to her wait. The Tracing Errors and Delays NS&I; has admitted to long-running problems with tracing accounts belonging to deceased customers, affecting 34,000 bereaved families owed £367m. The issue is attributed to the bank's outdated search process, which failed to identify all relevant NS&I; products. This has resulted in a backlog of claims, with response times for bereavement inquiries now taking eight weeks, rather than the usual fortnight. The Financial Impact The delays have significant financial implications for families. Bonds are only entered in the prize draw for a year following a customer's death, meaning no interest is earned on holdings trapped in limbo for longer. For example, Peter, who is still investigating his father's accounts, may be owed over £60,000 in withheld funds, once interest has been taken into account. The Road to Resolution NS&I; has brought in extra staff to help process the backlog of claims and has promised to return to processing bereavement claims within the normal timeframe by autumn 2026. The bank has also confirmed that any redress payments will be exempt from inheritance and income tax. Despite these efforts, families like Constable and Peter continue to face significant challenges in claiming their loved ones' savings. The Future Outlook NS&I;'s new process, introduced at the start of this year, aims to improve the tracing of accounts. However, this more thorough process takes longer than before and has resulted in delays to current and new claims. The bank's efforts to rectify the situation and provide better customer service will be crucial in rebuilding trust with bereaved families and ensuring timely access to their loved ones' savings.
#NS&I #Premium Bonds #Bereavement Claims
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Entertainment May 26, 2026

Lee Friedlander's Witty Vision: A Photographic Celebration in Pictures

The Guardian showcases a visual tour of Lee Friedlander's latest exhibition, highlighting his trade…
Executive Snapshot: Friedlander’s Playful Lens on Display The Guardian’s picture‑rich feature walks readers through the newest showcase of Lee Friedlander, emphasizing his knack for turning everyday moments into witty visual jokes. The essay serves as both a tribute and a primer for anyone curious about his enduring influence. Inside the Exhibition: Curating Friedlander’s Signature Humor The gallery arranges Friedlander’s black‑and‑white prints alongside candid snapshots, each framed to reveal the photographer’s love of visual puns, layered compositions, and urban detours. Highlights include: Street scenes where shadows become characters. Self‑portraits that blur the line between observer and observed. Series of storefront windows that turn commercial signage into visual riddles. Numbers on the Wall: Attendance and Market Signals The article does not disclose specific visitor counts or sales figures for the show. However, past Friedlander retrospectives have typically drawn tens of thousands of visitors and sparked renewed interest in his limited‑edition prints. Why It Matters: Shaping Contemporary Photographic Discourse Friedlander’s blend of humor and meticulous composition continues to inspire a new generation of photographers who seek to embed narrative depth in everyday scenes. The exhibition reinforces his role as a bridge between classic documentary traditions and modern visual storytelling, reaffirming the market’s appetite for work that balances aesthetic rigor with accessible wit. Looking Ahead: The Future of Friedlander’s Legacy As museums and galleries worldwide revisit Friedlander’s oeuvre, his influence is likely to expand into digital platforms, where his compositional tricks can be re‑imagined through interactive media. Collectors and institutions are expected to pursue further collaborations, ensuring that his “gift that keeps on giving” endures for decades to come.
#Lee Friedlander #The Guardian #Photography
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