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Economy May 25, 2026

Focus on jobs, not benefits, to cut welfare bill, says thinktank

The Joseph Rowntree Foundation suggests that tackling joblessness is key to reducing the welfare bi…
The Welfare Bill Conundrum Tackling the root causes of joblessness, instead of cutting benefits, is the best way to get the welfare bill down, and polling shows voters support that approach, according to research by the Joseph Rowntree Foundation. The Economic Impact of Joblessness In a forthcoming report, JRF economists show that hitting the government’s target of getting 80% of the working age population into jobs would cut the cost of universal credit by £10bn – an eighth of the current bill. The Data Analysis The research points out that official projections show spending on non-pensioner benefits “will remain flat, at around 5% of GDP for the remainder of the parliament”. A survey of more than 4,000 voters showed that 59% supported the idea of reducing the welfare bill in the longer term by tackling the underlying causes. The Impact Analysis The research seeks to push back against the “dominant political narrative” that spending on social security is “spiralling”. Instead, it points out that claims for health-related universal credit have risen more since the Covid pandemic in places where there are fewer jobs available locally, many of them former industrial or coastal areas. The Prediction The report contains calls for the government to prioritise measures such as increasing support for public health, building more social housing, and regenerating struggling regional economies. The research comes ahead of this week’s publication of the interim report from an inquiry into tackling young people not in education, employment or training (Neet) by Alan Milburn, the former cabinet minister who went on to chair the Social Mobility Commission.
#Joseph Rowntree Foundation #UK welfare bill #joblessness
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Politics May 25, 2026

Iran War Day 87: Trump Dashes Optimism, Delays Potential Deal

President Trump has dashed hopes of an imminent deal to end the 87-day war with Iran, stating the U…
The LeadUnited States President Donald Trump has abruptly shifted position on potential negotiations with Iran, telling his representatives not to rush into any deal as the 87-day-old war continues. This reversal comes just a day after Trump had suggested an agreement had "largely been negotiated," including the reopening of the vital Strait of Hormuz, a crucial waterway for global oil supplies.The Diplomatic ShiftThe US blockade on Iranian ships in the Strait of Hormuz would "remain in full force and effect until an agreement is reached, certified, and signed," Trump wrote on Truth Social. This statement significantly downplays the optimism that had been building after Trump's previous comments about a nearly completed deal.A senior Trump administration official, speaking anonymously to Reuters, outlined what he claimed were the latest contours of negotiations: Iran had agreed "in principle" to open the Strait of Hormuz in exchange for the US lifting its naval blockade, and to dispose of Tehran's highly enriched uranium. However, the official criticized the Iranian system for not moving fast enough.Regional ImplicationsThe ongoing conflict continues to have severe consequences across the Middle East. In Lebanon, Israeli air attacks have destroyed houses in southern Lebanon's Tyre area, while Israeli drones were reportedly hovering over the Lebanese capital for a second consecutive day. The Israeli military confirmed one soldier was killed during combat in southern Lebanon.In Iran, the domestic situation remains tense with state media reporting the execution of a man identified as Abbas Akbari over charges related to nationwide antigovernment protests. Meanwhile, some shipping activity has resumed in the Strait of Hormuz, with a liquefied natural gas tanker heading to Pakistan and a China-bound supertanker with Iraqi crude leaving the Gulf after being stranded for nearly three months.Global Economic FalloutThe conflict's impact on the global economy continues to ripple outward. State-owned fuel retailers in India have increased diesel prices by 2.71 rupees ($0.0283) per litre and petrol by 2.61 rupees, marking the fourth hike in May as authorities attempt to recoup losses driven by higher crude costs due to the war.Conversely, Japan's Nikkei Stock Average surpassed the 65,000 threshold for the first time, driven by increased appetite for risk assets amid growing optimism surrounding a potential agreement to end the war. This demonstrates how market sentiment can be highly sensitive to diplomatic developments in the conflict.Political CalculationsSecretary of State Marco Rubio emphasized that "the president is not going to make a bad deal," suggesting a "pretty solid" proposal is on the table. However, Trump is facing intensifying pushback from prominent hawks within his Republican Party, including Senators Ted Cruz and Lindsey Graham, who oppose a negotiated end to the US-Israel war on Iran.The Iranian government has not responded directly to Trump's latest statements, but the Tasnim news agency, linked to the Islamic Revolutionary Guard Corps, claimed the US was still obstructing parts of a potential deal, including Tehran's demand for the release of frozen funds. The two sides remain at odds on several difficult issues, such as Iran's nuclear ambitions, Israel's war in Lebanon, and the lifting of sanctions on Tehran.Path ForwardAs the conflict enters its third month, the prospects for a diplomatic resolution remain uncertain despite the intermittent signs of progress. The fundamental disagreements between Washington and Tehran suggest any potential deal would require significant compromises from both sides.Lebanese President Joseph Aoun observed Resistance and Liberation Day, marking the 2000 end of Israel's 22-year occupation of southern Lebanon, and reiterated that "the path to a complete Israeli withdrawal remains a steadfast national demand." This statement highlights that even if a US-Iran agreement is reached, regional conflicts may continue to complicate the situation.
#Donald Trump #Iran #US-Iran Conflict
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World Wide May 25, 2026

Philippines Building Collapse Death Toll Rises to 3, 17 Missing

A building under construction in the Philippines collapsed, killing 3 people and leaving 17 missing…
The Building Collapse in Angeles City Rescuers have pulled two people from the rubble of a collapsed building under construction in the Philippines, bringing the death toll to three, officials have said, as crews continue search and rescue operations at the site. Rescue Efforts and Casualties One of the two victims had a pulse when he was retrieved, but later died, while another suffered cardiac arrest while still trapped, Maria Leah Sajili, an information officer at Bureau of Fire Protection, said in a phone interview with the Reuters news agency on Monday. 3 confirmed deaths 17 people missing, most of them construction workers Up to 70 people were employed at the construction site The Investigation and Challenges Officials said an investigation is under way into what caused the collapse of the multistorey building in the city of Angeles, north of the capital, Manila. Sajili said there could be more victims trapped, after thermal scans detected signs of breathing and heartbeats beneath the rubble. Rescue in building collapse is very challenging, since any sudden shift triggered by the movements of our rescuers can cause areas to move and people under can get crushed. The Impact on Families and Community Families have grown increasingly impatient and frustrated with the pace of the search and rescue operations. Lea Casilao, who travelled from Manila, said she only wants regular updates about the status of her husband, a construction worker believed to be trapped beneath the rubble. “My youngest child keeps asking, but I do not have answers,” the 47-year-old said. The Future Outlook If no more survivors are found, mechanical diggers and other heavy equipment will be brought in to clear debris and recover bodies, Sajili said, but gave no timeline. The cause of the collapse is not known. Angeles City Mayor Carmelo Lazatin told reporters that authorities were trying to locate the building owner to get answers, including clarity on the number of workers at the site.
#Philippines #Building Collapse #Angeles City
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Education May 25, 2026

UK Universities Warn of Cuts to Student Support Amid Funding Crisis

UK universities are considering cuts to hardship support for impoverished students and outreach act…
The Looming Cuts to Student Support Vice-chancellors have warned that they may need to cut hardship support for impoverished students and reduce outreach activities aimed at disadvantaged groups if the dire funding struggles at universities continue. Extent of the Funding Crisis An anonymous poll of leaders by Universities UK (UUK) revealed that more than two-thirds of vice-chancellors are prepared to cut staff jobs by compulsory redundancy if difficulties continue over the next three years. Nearly 90% said they are looking at hiring freezes or voluntary redundancies. Financial Impact on Students Nearly a third of vice-chancellors said they would cut hardship funding for current students if necessary. More than half said they were prepared to cut access and outreach activity, aimed at encouraging students to go to university, over the next three years. Expert Warnings Experts have warned that further cuts in support for students could make higher education inaccessible for those who most need it. Lee Elliot-Major, a professor of social mobility at the University of Exeter, said: "A retreat from access and hardship funding risks pulling up the ladder on a whole generation at a time when growing numbers of students are facing unprecedented financial pressures and increasing uncertainty about the value of a degree." Future Outlook The vice-chancellors surveyed said that cuts could occur across the board if financial conditions worsen, including to research, buildings and maintenance. Many are considering mergers or partnerships with other universities.
#Universities UK #UK education #student support
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World Wide May 25, 2026

Inside a Beirut barbershop shaped by war and crisis

A glimpse into a Beirut barbershop that has weathered decades of conflict and economic turmoil, ref…
The LeadIn the heart of Beirut, a small barbershop stands as a microcosm of Lebanon's complex history, having weathered decades of war and economic crisis while maintaining its cultural significance as a community gathering place.The Barbershop's Journey Through ConflictEstablished generations ago, this establishment has witnessed and adapted to Lebanon's tumultuous history, including civil conflicts, economic collapse, and social upheaval. The shop's physical space and operations have evolved in response to changing circumstances, yet it has maintained its core function and cultural importance.Economic Survival in CrisisThe barbershop's owner has implemented innovative strategies to navigate Lebanon's economic challenges, including accepting alternative forms of payment, diversifying services, and building strong community relationships. These adaptations reflect broader Lebanese resilience in the face of economic hardship.Inflation exceeding 200%Currency devaluation of over 90% since 2019Over 80% of population living in povertyImpact on Community and CultureMore than just a business, the barbershop serves as a vital community hub where social bonds are strengthened and cultural traditions are preserved. In a city marked by division and uncertainty, this establishment provides a space for connection and normalcy, demonstrating how small businesses can play crucial roles in maintaining social cohesion during crises.Future Outlook for Beirut's Small BusinessesAs Lebanon continues to navigate its complex challenges, establishments like this barbershop will likely remain essential community anchors, adapting to new circumstances while preserving their cultural significance. The resilience demonstrated by such businesses offers insights into potential pathways for recovery and renewal in post-conflict urban environments.
#Beirut #Lebanon #War
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Sports May 25, 2026

De Zerbi hails Tottenham's relegation battle win as 'biggest achievement'

Roberto De Zerbi described Tottenham's successful fight against relegation as the highlight of his …
The Lead Roberto De Zerbi said he and Tottenham had suffered until the last second of the Premier League season but described the club's successful fight against relegation as the highlight of his career. De Zerbi's Emotional Victory Spurs recorded a 1-0 home win against Everton on a nervy and emotional final day to ensure they finished two points above West Ham, who went down despite beating Leeds 3-0 at the London Stadium. The Data Analysis The win marked a significant turnaround for Tottenham, who had a difficult season. De Zerbi considered what will be an important summer for Spurs, saying they need to rebuild and strengthen their squad. The Impact Analysis De Zerbi said: "I think this is the biggest achievement in my time. The Europa League at Brighton was great. The second place in Marseille, with a lot of problems, was a big achievement. But I think today was maybe one of the best days in football so far." The Prediction The Spurs defender Micky van de Ven said it was "embarrassing" that his club had been made to sweat until the very end but ultimately it was a day of relief and celebration. De Zerbi added that the team will look to improve from their mistakes and start rebuilding for the next season.
#Tottenham Hotspur #Roberto De Zerbi #Premier League
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Sports May 24, 2026

Spurs Secure Survival with João Palhinha's Goal Against Everton

Tottenham Hotspur secured their survival in the Premier League with a crucial goal from João Palhin…
The Match Context Tottenham Hotspur faced a critical match against Everton, with their Premier League survival hanging in the balance. A loss or draw could have led to their relegation, marking the first time they would have dropped out of the top division since 1977. The Decisive Moment The decisive moment came in the 43rd minute when João Palhinha scored at the second attempt from a Mathys Tel corner. This goal proved to be the difference, as Spurs held on for a draw, which was enough to secure their survival. The Impact of West Ham's Win The anxiety for Spurs fans intensified as West Ham scored three goals against Leeds, making their own survival hopes more complicated. The tension built throughout the game, especially in the 12 minutes of stoppage time. The Aftermath Spurs players slumped to the ground in relief when the final whistle sounded, having stared into the abyss of relegation. The win ensures their continued presence in the Premier League, avoiding the severe consequences of relegation. The Future Outlook This victory underlines the resilience of Spurs and sets the stage for potential improvements in future seasons. The club can now focus on rebuilding and strengthening their squad to compete more effectively in the Premier League.
#Tottenham Hotspur #Everton #João Palhinha
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Sports May 24, 2026

Ukraine's Kostyuk Battles Through Emotional French Open Match After Missile Strike Near Family Home

Marta Kostyuk, the 15th seed at the French Open, won her first-round match just hours after a Russi…
The Emotional Toll of War An emotional Marta Kostyuk described her first-round win at the French Open as one of the most difficult matches of her life as she revealed that she had taken to the court hours after a Russian missile landed close to her parents' house in Ukraine. The Match Details Kostyuk, the 15th seed in Paris, registered a 6-2, 6-3 win over Oksana Selekhmeteva. Kostyuk hails from Kyiv, where she periodically returns to train between tournaments. The Human Cost of Conflict According to reports, four people were killed overnight in Kyiv and approximately 100 people were injured in Ukraine after Russian forces launched a significant wave of drone and missile strikes. Kostyuk struggled to hold back tears during her on-court interview. Kostyuk's Resolve "I'm incredibly proud of myself today," Kostyuk said. "I think it was one of the most difficult matches of my career. This morning, 100 metres away from my parents' house [in Ukraine], a missile destroyed the building. It was a very difficult morning for me. I didn't know how this match was going to turn around for me. I didn't know how I would handle it." The Future Outlook Kostyuk is one of the in-form players in Paris, having won the biggest title of her career at the WTA 1000 in Rome earlier this month. Her Italian Open title run had been preceded by a title in Rouen, meaning she is now on a 13-match winning streak.
#Marta Kostyuk #French Open #Ukraine
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Economy May 24, 2026

UK Supply Chains Unprepared for War and Major Shocks, Report Warns

A National Preparedness Commission report warns that Britain’s vital supply chains are ill‑equipped…
Report Highlights Critical Gaps in UK Supply ResilienceThe National Preparedness Commission (NPC) released a stark assessment warning that Britain’s essential supply chains lack the safeguards needed for a "worst‑case scenario" such as a renewed war with Russia. Ministers are urged to adopt the forward‑looking planning used by many European states.National Preparedness Commission Flags Weaknesses Ahead of Potential ConflictThe privately‑launched study, titled Future‑proofing Security of Supply in a Contested World, points to three main vulnerability clusters:Health sector stockpiles – current compliance with the eight‑week hospital buffer is uneven, and pharmacies face no mandatory reserves.Food self‑sufficiency – the UK ranks among the lowest in Europe, with no strategic grain reserves or requirements for wholesalers to hold buffer stocks.Strategic medicines – unlike many EU nations that mandate one‑ to six‑month buffers, the UK lacks a critical medicines list or a compulsory stockpile beyond military needs.Stockpiling Shortfalls and Comparative European BenchmarksEuropean counterparts typically require pharmaceutical firms to maintain between one month and six months of designated medicines, a standard the UK does not meet. In contrast, Norway and Sweden have begun rebuilding emergency grain reserves, highlighting the UK’s lag in both food and medical preparedness.Implications for National Security and Consumer PricesThe report links supply fragility to broader geopolitical pressures: the United States’ “America First” stance, China’s manufacturing dominance, and Russia’s war‑economy tactics. Recent events – the closure of the Strait of Hormuz, the US‑Israel‑Iran conflict, and ongoing fuel‑price volatility – underscore how quickly external shocks can translate into domestic shortages and price spikes.Calls for Policy Overhaul and Future Preparedness RoadmapAuthor Richard Smith‑Bingham, a former head of insights at Marsh, urges “hard choices” and “bolder actions” to secure medium‑ to long‑term supplies of critical goods. The NPC recommends shifting the governmental conversation from “why we should not stockpile” to “how and where we might most sensibly do it.” Without decisive action, the UK risks falling further behind its European peers in crisis resilience.
#United Kingdom #National Preparedness Commission #Richard Smith-Bingham
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