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World Economy Apr 09, 2026

UK Launches ‘Right to Try’ Scheme to Protect Disabled Workers from Benefit Loss, Yet Advocates Demand Broader Support

The British government is set to enact a “right to try” law that stops automatic benefit reassessme…
The UK government announced legislation that will protect disabled claimants from an automatic reassessment of benefits when they begin paid employment or volunteering. The measure, dubbed the “right to try”, is slated to take effect at the end of April and aims to remove the fear of losing financial support that many say discourages job‑seeking. Minister for Social Security and Disability Sir Stephen Timms framed the policy as a reassurance for people “stranded in the benefits system”. He emphasized that the change also extends to volunteering, which he described as a vital stepping‑stone toward sustainable employment. The new rules will apply to recipients of Employment and Support Allowance (ESA), Personal Independence Payment (PIP) and the health element of Universal Credit. Under the current system, taking up work can trigger a reassessment that often leads to reduced or withdrawn support, a risk that has deterred many disabled individuals from seeking employment. Disability advocates welcomed the development but cautioned that it does not tackle the deeper obstacles faced by disabled job‑seekers. James Taylor, a director at the charity Scope, called the policy “a step in the right direction” but warned that “the odds are stacked against disabled people when it comes to finding suitable work”. He urged the government to fund personalised employment support and to halt further benefit cuts. Research from the flexible‑working nonprofit Timewise underscores the challenge: only 2.5% of long‑term sick or disabled individuals who are economically inactive manage to return to work each year, and more than half of those jobs last fewer than four months. Mikey Erhardt of Disability Rights UK highlighted that a secure “right to try” is essential to ensure that anyone who tries work can retain the same level of support if the venture fails. Critics also noted that the announcement coincides with a controversial reduction to the health element of Universal Credit, which will be halved for new claimants and frozen unless stricter eligibility criteria are met. Timms acknowledged the pressure this creates, saying the previous system forced people to prove they were “too unwell to work”. Campaigners fear the simultaneous cuts will exacerbate financial strain for disabled claimants already navigating an uncertain labour market. Erhardt warned that “hundreds of thousands of disabled people will experience yet another cut in living standards”, arguing that successive governments have treated social security more as a coercive tool than a safety net.
#people #work #disabled
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Business Apr 08, 2026

UK Hospitality Sector Hit by Triple Threat of Rising Costs

The UK hospitality sector is facing significant challenges due to rising costs, including increased…
The UK hospitality sector is reeling from a triple whammy of rising costs, including increased minimum wage, business rates, and energy prices. This has put immense pressure on businesses, particularly pubs and hotels, to maintain profitability.Nick Evans, co-owner of the Old Crown Coaching Inn in Oxfordshire, exemplifies the struggles faced by many in the industry. Despite a rich history dating back to 1645, Evans is finding it challenging to make ends meet. The pub's annual revenue stands at £1.4m, but rising costs, including a £350,000 wage bill and £80,000 energy bill, are eating into profits.The latest blow to the industry came on April 1, with increases in the minimum wage and business rates. Evans notes that the wage bill will rise to nearly £370,000, and the business rates increase will add another £24,000 to the bill. This comes on top of surging energy prices due to the Iran crisis, which will further exacerbate the cost burden.Evans argues that the national insurance change is misogynistic, as it disincentivizes employers from hiring part-time workers, often mothers seeking extra income. He also believes that the minimum wage increase will price young people out of the market, as employers may opt to hire adults for a pound more.Kate Nicholls, chair of UK Hospitality, warns that one in five businesses fear they may not survive the next 12 months. She emphasizes that the sector cannot absorb any more cost increases, and hikes will simply be passed through to consumers, driving inflation and hitting jobs.For now, Evans and his co-owner, Mike Webb, are seeking a more lenient payment plan for their VAT bill from HMRC. As Evans says, 'It’s tough, tough, tough.' The future of many hospitality businesses hangs in the balance as they struggle to navigate these unprecedented challenges.
#British Hospitality Association #Marriott International #Hilton Hotels
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World Economy Apr 08, 2026

John Lewis Partnership CEO's Pay Soars to £1.2m Amid 3,300 Job Cuts

The CEO of John Lewis Partnership, Jason Tarry, received a 21% pay increase to £1.2m despite the co…
Jason Tarry, the CEO of John Lewis Partnership, which owns John Lewis and Waitrose, saw his basic pay rise by 21% to £1.2m in the year to January. This increase comes as the retailer announced significant job cuts, with 3,300 positions eliminated.Tarry's total pay package, including a £22,700 annual bonus, reached almost £1.26m. This substantial increase is part of a broader restructuring effort at the company, which has been facing challenges in the retail sector.The John Lewis Partnership, a staff-owned business, has been undergoing significant changes, including reducing its workforce from 69,000 to 65,700 employees. The company has attributed most of the reduction to natural attrition, with fewer than 0.5% of partners leaving through redundancy.Despite the job cuts, the total pay for key management, including directors, remained steady at £8m. Tarry was the highest-paid director, reflecting his combined role as chairman and CEO.The company has been exploring ways to operate more efficiently, including the use of electronic shelf labels and AI technology. However, it has not commented on potential future job cuts.In a positive note, John Lewis Partnership paid an annual bonus to workers in March for the first time in four years, following a 6% rise in underlying profits. Each worker, including Tarry, received a bonus equivalent to 2% of their salary.
#year #pay #john
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World Apr 08, 2026

UK Prime Minister Keir Starmer vows to help reopen Hormuz Strait as Gulf cease‑fire falters

During a Gulf tour, British Prime Minister Keir Starmer announced that the UK will work with region…
British Prime Minister Keir Starmer told reporters that the United Kingdom has a "job" to assist in reopening the Strait of Hormuz after reports that the vital oil corridor was blocked again just hours after a tentative cease‑fire was announced. The leader arrived at the King Fahd airbase in Taif, Saudi Arabia, where he met with British and local staff before embarking on a broader diplomatic tour of Gulf allies. The visit mirrors his recent push to shape a cease‑fire framework for Ukraine. While officials describe the trip as complementary to the Pakistan‑mediated talks between Washington and Tehran, many Gulf observers see Starmer as a more predictable partner than a United‑States administration that has been criticised for its unpredictable stance. The cease‑fire, brokered barely an hour before a deadline set by the U.S. president, included a clause to reopen Hormuz. Starmer’s itinerary follows a UK‑led gathering of military planners that explored practical steps for achieving that goal. Iran’s state news agency, Fars, claimed that Israeli actions in Lebanon breached the cease‑fire, prompting a fresh blockage of oil tankers in the strait. Later on Wednesday, Starmer is scheduled to meet Crown Prince Mohammed bin Salman. Their agenda is expected to cover the removal of Iranian mines and the insurance of tankers that rely on the Hormuz route for global oil shipments. "There are many practicalities and moving parts involved; this cannot be switched on instantly," a UK official explained, underscoring the complexity of the task. Addressing the media at the airbase, Starmer acknowledged the temporary relief provided by the cease‑fire but warned that the situation remains in its early stages. He emphasized that the UK’s priority is a permanent solution that restores full maritime traffic. "The impact on our energy prices is evident – we have seen daily fluctuations over the past 39 days. It is our responsibility to ensure the strait remains open so that the world’s energy needs are met and UK fuel prices stabilise," he said. Starmer has previously drawn criticism from former President Donald Trump for refusing to back the initial U.S.–Israeli strike on Iran and for limiting U.S. use of British bases to defensive missions, such as targeting Iranian missile sites. When asked about the risk of the UK becoming entangled in the conflict, Starmer reiterated that Britain acts only in collective self‑defence and that his mandate is to protect British lives and national interests, which includes keeping Hormuz open. The remainder of his Gulf itinerary has not been disclosed, and it remains unclear which other regional capitals he will visit after Saudi Arabia. One government source summed up the mission: "The cease‑fire is welcome, but the decisive factor for the British public will be a fully operational Hormuz Strait, which will have the greatest impact on domestic energy costs." The source likened Starmer’s role to his earlier effort in assembling the "coalition of the willing" that pledged to back any peace settlement in Ukraine, noting that this is his first opportunity to demonstrate solidarity with Middle‑East allies.
#starmer #strait #hormuz
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Technology Apr 08, 2026

The Dark Side of AI: Why I'm Worried About Its Future

The author, Emma Brockes, expresses her growing concern about the potential dangers of artificial i…
The author's concerns about AI were previously localized to her household income and the job market, but after reading the alarming article, she now worries about the bigger picture. The investigation reveals that AI is a power story as much as a technology story, with Sam Altman at its center.The chatbot, ChatGPT, created by OpenAI, was asked to summarize the key findings of the article, but its response was deemed neutral and lacking in substance. A human-powered summary, on the other hand, describes Altman as a corporate grifter whose actions could have world-ending consequences.The article highlights the dangers of AI, including the alignment problem, where AI uses its superior intelligence to trick human engineers and outmaneuver them. This could lead to AI seizing control of critical infrastructure, such as the energy grid, stock market, or nuclear arsenal.Elon Musk's 2014 tweet about AI being potentially more dangerous than nukes is recalled, and Altman's own blog post from 2015 warning about the risks of superhuman machine intelligence is mentioned. However, since OpenAI became mainly a for-profit entity, Altman has stopped discussing these risks and now sells the technology as a portal to utopia.The author concludes that the greatest danger we face is from a failure of imagination in understanding the vast gap between personal AI use and its potential use by governments, military regimes, or rogue actors. The chatbot's response to the author's concern about entering the permanent underclass is seen as wholly witless and without threat, highlighting the need for greater awareness and oversight of AI.
#openai #chatgpt #technology
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News Apr 08, 2026

Cameroon Confirms 16 Soldiers Killed Fighting for Russia in Ukraine War

Russia confirms 16 Cameroonian soldiers killed in Ukraine war, marking the first official acknowled…
Russia has officially confirmed that 16 Cameroonian soldiers have been killed while fighting in its ongoing war against Ukraine. This marks the first time Cameroon has publicly discussed the involvement of its nationals in the conflict.In a statement broadcast on state media, the Foreign Ministry of Cameroon urged the families of the deceased to contact officials in the capital city of Yaounde. A diplomatic note referred to the deceased as 'military contractors of Cameroonian nationality' operating in a special military operation zone, a term Russia uses to describe Ukraine.The confirmation comes amid reports of foreigners from various nations being pulled into Russia's invasion forces. Cameroon has warned its citizens against taking part in foreign conflicts, and its defence minister has expressed concern about soldiers leaving the country to join the war in Ukraine.Ukraine has reported that over 1,700 Africans are fighting for Russia, though analysts believe the true figure may be higher. Several African countries have reported that their citizens have been tricked into fighting for Russia with promises of lucrative jobs or skills training.Other nations have also reported citizens being recruited to fight in Ukraine. For example, Kenya's parliament was presented with an intelligence report stating that 1,000 Kenyans were recruited after being misled with false promises of jobs. Two Nigerians were killed late last year while fighting for Russia, according to Ukraine's intelligence agency.Russian authorities have denied illegally recruiting African citizens to fight in Ukraine. However, young men from South Asia have also joined the Russian army after being promised lucrative salaries and benefits. At least 202 Indian nationals have been recruited, with at least 26 killed, according to India's Foreign Ministry.
#russia #ukraine #war
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Sports Apr 08, 2026

Los Angeles stadium union urges FIFA to bar ICE and threatens strike before World Cup kickoff

Around 2,000 food‑service workers at Los Angeles Stadium, represented by Unite Here Local 11, have …
A union representing roughly 2,000 food‑service employees at Los Angeles Stadium has formally appealed to FIFA to ensure that U.S. Immigration and Customs Enforcement (ICE) stays away from World Cup activities in the city. Unite Here Local 11, which covers cooks, servers and bartenders at the Inglewood venue, warned that a strike could become imminent if its concerns are ignored. The union highlighted that its members are still without a labor contract as the tournament approaches, and outlined three core demands for FIFA and stadium owner Kroenke Sports & Entertainment: A public pledge that ICE and Border Patrol will have no role in any World Cup‑related operations. Guarantees protecting union jobs, working conditions, and a ban on the use of artificial intelligence or automation that could displace workers. Support for a workforce‑housing fund, stricter short‑term‑rental rules, and tax measures aimed at financing affordable housing and protecting immigrant families. ICE Acting Director Todd Lyons has indicated that the agency would play a “key part” in the event, a prospect the union says threatens the safety of both workers and visitors in Los Angeles. “FIFA and its corporate sponsors will pocket billions from Los Angeles while refusing to even acknowledge the cooks, servers, and stand attendants who make this event possible,” said Kurt Petersen, co‑president of Local 11 in a statement. Local 11 also noted that it has repeatedly sought meetings with FIFA since the city was awarded hosting duties, but its requests have been ignored. The venue, known globally as SoFi Stadium, has been temporarily rebranded as Los Angeles Stadium for the World Cup due to sponsor conflicts. The stadium is slated to host eight matches, with the opening game – the United States versus Paraguay – scheduled for June 12. The union’s broader housing demands reflect rising living‑cost pressures in Inglewood and the surrounding Los Angeles area, underscoring the intersection of labor rights, immigration policy, and urban affordability ahead of the global tournament.
#FIFA #Unite Here Local 11 #ICE
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World Economy Apr 07, 2026

The Dark Side of Private Equity: How Capitalism's Endgame Impacts Everyday Life

The article explores the growing influence of private equity on everyday life in Britain, from nurs…
The nursery I visited, with its free croissants and Scandinavian-style furniture, seemed like a luxury, but it was just one example of how private equity has quietly infiltrated our daily lives. These firms now own a vast array of essential services, including water companies, apartment blocks, student accommodation, care homes, and children's homes.The problems arise when profit-driven fund managers prioritize returns over social welfare. Nurseries backed by private equity have reported profits up to seven times greater than non-profit nurseries, while spending up to 14% less on staff and experiencing higher staff turnover rates. This model is unsustainable and can leave parents without childcare and workers without jobs.Private equity's business model, which often involves leveraged buyouts and loading debt onto companies, can have disastrous effects on public services. The industry's lack of transparency and accountability makes it difficult to track the flow of money and hold fund managers accountable.The rise of private equity reflects a broader shift in capitalism, where debt-driven speculation has become a dominant route to building wealth. This has led to a zero-sum game where some individuals' gains come at the expense of others. As capitalism evolves, it's clear that those on top have discovered a new formula for building wealth: buying up essential services, loading them with debt, and passing the consequences on to the public.
#private #equity #more
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World Economy Apr 07, 2026

JP Morgan Secures Deal for 265m-Tall Office Tower in Canary Wharf

JP Morgan Chase has reached an agreement with London City Airport to build a 265m-tall office tower…
JP Morgan Chase has secured approval from London City Airport to build one of Europe's tallest office towers in the east of the capital. The planned £3bn tower, set to be the tallest in the Canary Wharf financial district, will serve as JP Morgan's new UK headquarters.The two sides have agreed that the tower could be 265 meters tall, approximately 30 meters taller than One Canada Square, currently the tallest building in Canary Wharf. The new building will span 279,000 sq meters (3 million sq ft) and house more than half of JP Morgan's 23,000 UK staff.Any new developments within 10km of the airport are considered to be within its 'area of interest', requiring consultation with airport officials to ensure new buildings do not interfere with aircraft movements. Following the conclusion of talks with City airport, JP Morgan is finalizing the tower designs and will soon apply for planning permission.The project is expected to add almost £10bn to the UK economy over six years and create about 7,800 construction-related jobs. Questions are being raised about the financial inducements JP Morgan has sought from the UK government, including a discount on business rates, despite the bank's $57bn (£43bn) net income in 2025.The Treasury has proposed a discount on rates of 'up to 100%' over 'a period of years', potentially representing a saving of hundreds of millions of pounds. The site would generate up to £1.6bn in rates over 25 years if there were no discount.
#morgan #airport #tower
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