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World Economy Apr 04, 2026

UK Local Election Campaign Revives Trussonomics‑Era Tax and Spending Promises, Raising Multi‑Billion Fiscal Risks

Ahead of the 2026 UK local elections, parties from the Conservatives to the Greens are resurrecting…
As the 2026 local and regional elections draw nearer, the spectre of Trussonomics looms large over the British political landscape. From the Conservatives to the Greens, parties are unveiling extravagant fiscal promises that they claim can be funded by cuts elsewhere or additional borrowing, while insisting the broader economy will remain unharmed. Critics warn that any adverse effects will inevitably be shifted onto people and businesses outside the parties' core constituencies, effectively socialising the risk. Only Keir Starmer and his Labour cabinet appear to resist the pressure to re‑engineer the economy without acknowledging inevitable spill‑overs or extra costs. Former Prime Minister Liz Truss famously pledged £45 bn of tax cuts, financed through extra borrowing and so‑called welfare “efficiencies”. The plan was pitched as a catalyst for an entrepreneurial surge that would lift the UK out of a prolonged period of low productivity. Heading into May’s local polls, the Conservatives are touting a new “big‑spending” agenda after recent welfare cuts, highlighted by a headline pledge to shrink the welfare bill by £23 bn. Shadow Chancellor Mel Stride declared that the “culture of ‘something for nothing’ must end, now”. Green Party leader Zack Polanski has softened some of his party’s more radical proposals, yet the manifesto remains vague. Earlier drafts featured a litany of “free lunches”, signalling an ambition to raise taxes by **more than £170 bn a year** by the end of the next parliament. Key components of the Green plan include a £90 bn annual carbon tax and a matching increase in day‑to‑day public spending, alongside a proposed £90 bn boost to the capital‑spending budget (raising it from £160 bn to £250 bn per year). Reform UK has embraced Trussonomics with gusto, promising to raise the income‑tax threshold from £12,570 to £20,000 – a move that would cost the exchequer **over £40 bn each year**. Underlying many of these pledges is a belief that the UK can reverse a century of economic decline with a “magician’s wand”, ignoring potential repercussions for financial markets, trading partners, and a rapidly disintegrating global order. While the article briefly references the United States and France, the French electorate’s recent rejection of similarly flamboyant policies in local elections serves as a cautionary tale: voters in key cities like Paris and Marseille opted for centrist candidates over the radical platforms of Marine Le Pen’s National Rally and Jean‑Luc Mélenchon’s LFI. The broader context is a decade marked by two major wars, a quantum technological shift, and accelerating climate change – none of which offer quick‑fix solutions. Labour’s economic strategy, championed by Rachel Reeves, hinges on an early‑parliament spending surge intended to generate growth before the next general election. However, the damage inflicted by the previous government is still being reassessed, with the public‑finance gap now appearing larger than the £22 bn initially highlighted by Reeves. Labour still holds considerable funds earmarked for investment, but bureaucratic inertia in Whitehall hampers swift action, and Starmer bears responsibility for this paralysis. Demonstrating tangible returns on public spending – with HS2 currently the sole benchmark – could justify future tax increases on higher earners, provided the money is not wasted. In an uncertain world, the article argues that rational, evidence‑based governance is preferable to “outlandish initiatives” that create a multitude of losers. Ultimately, the piece concludes that Truss’s experiment was a disaster not merely because of the misguided belief that tax cuts can drive sustainable growth in a mature economy, but because it relied on an imagined “escape hatch” to propel the UK to a higher economic plane.
#more #economic #spending
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News Apr 03, 2026

Myanmar's Coup Leader Min Aung Hlaing Elected President in Pro-Military Parliament

Myanmar's coup leader, Senior General Min Aung Hlaing, has been elected as the country's president …
Myanmar's coup leader, Senior General Min Aung Hlaing, has been elected as the country's president by a pro-military parliament, securing 429 out of 584 votes. This move formalizes his control over the war-torn nation, marking a significant shift in the country's political landscape.The 69-year-old general, who orchestrated a 2021 coup against the administration of Nobel Peace Prize winner Aung San Suu Kyi, has long sought the presidency. His ascent follows a lopsided election in December and January won by an army-backed party, which critics and Western governments have deemed a sham.The pro-military Union Solidarity and Development Party secured more than 80 percent of parliamentary seats in the election. With serving members of the armed forces occupying unelected seats, making up a quarter of the total, the party's dominance is clear.Min Aung Hlaing's rise to the presidency is seen as a strategic pivot to consolidate his power as head of a nominally civilian government and gain international legitimacy. However, the ongoing civil war in Myanmar and the formation of a new combined front by anti-military groups pose significant challenges to his administration.
#myanmar #coup #president
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News Apr 03, 2026

Trump vows to target Iranian bridges and power plants as conflict widens, sparking Tehran's condemnation and regional retaliation threats

President Trump warned of new strikes on Iranian bridges and electric power facilities after a dead…
President Donald Trump escalated rhetoric on Thursday, stating that the United States has yet to begin a full‑scale campaign against Iran’s remaining infrastructure and hinting that bridges and electric power plants could be next targets. The comment followed the release of video showing a U.S. strike on the newly completed B1 bridge that connects Tehran to Karaj, an attack that Iran reports killed eight people and injured 95. Iranian Foreign Minister Abbas Araghchi condemned the strike on civilian infrastructure, describing it as evidence of the “defeat and moral collapse” of the aggressor. In a statement posted on X, he warned that such attacks would not force Iran to surrender. The conflict, now entering its fifth week, has begun to ripple through regional and global markets. Instability around the Strait of Hormuz—a vital conduit for oil and gas—has prompted nations to scramble for alternative shipping routes. Satellite images this week captured smoke over Iran’s Qeshm Island, underscoring the heightened risk to infrastructure near the strategic waterway. Amid stalled negotiations with Iran’s new leadership, Trump’s intensified language comes as the United Nations Security Council prepares to vote on a resolution that could authorize member states to use “defensive means” to keep the strait open. Araghchi warned that any provocative action in the Council would only worsen the situation. Iranian media have begun listing potential retaliation targets, naming major bridges in Kuwait, Saudi Arabia, the United Arab Emirates and Jordan as possible future strike points. The semi‑official Fars News Agency highlighted these crossings as vulnerable following the Karaj bridge attack. The Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for recent strikes on U.S.-linked industrial sites in the Gulf, including steel facilities in Abu Dhabi and aluminium plants in Bahrain. The IRGC warned that if attacks on Iranian industries continue, “the next response will be much more painful” and will focus on the occupier’s core infrastructure. Health infrastructure has also suffered. Iran’s Health Ministry reported that U.S. and Israeli raids severely damaged the Pasteur Institute of Iran, a key research center for diseases such as cholera and COVID‑19. Ministry spokesperson Hossein Kermanpour called the strike “a direct assault on international health security.” WHO Director‑General Tedros Adhanom Ghebreyesus echoed the condemnation, noting that the institute is now unable to deliver health services. The WHO has documented more than 20 attacks on Iranian healthcare facilities since the start of March. In a separate claim, Iranian officials said air defenses downed a second U.S. F‑35 fighter jet over central Iran, suggesting the pilot’s survival was unlikely. The United States has not responded to the allegation. Israel’s military reported a fresh barrage of Iranian missiles, which triggered air‑defence alerts and caused damage to homes, vehicles, and a train station in Tel Aviv. The widening hostilities, combined with threats to critical energy and health infrastructure, highlight the growing regional volatility and its potential to disrupt global markets.
#iran #israel #irgc
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Politics Apr 03, 2026

Britain's Shift Towards Closer EU Ties Amid Global Uncertainty

The article discusses how Donald Trump's actions are pushing Britain closer to the EU, with Keir St…
The current global landscape is marked by uncertainty, with Donald Trump's policies contributing to a sense of instability. As the world grapples with the implications of the Iran war, including a potential global shortage of jet fuel, the UK is reevaluating its relationships. Keir Starmer, leader of the Labour Party, has argued that a closer partnership with Europe is in Britain's national interest. This stance is echoed by Rachel Reeves, highlighting the need for the UK to strengthen its ties with the EU to mitigate the risks of a global economic crisis. The article notes that 63% of Britons would vote to rejoin the EU if a referendum were held today, according to recent YouGov polling. This sentiment is reflected in the growing popularity of a youth mobility scheme that would allow young people to work and study abroad, a proposal that has gained traction even among Leave voters. Starmer's ally, Nick Thomas-Symonds, has been negotiating a deal that would align with EU rules on food and drink, potentially leading to the relabelling of certain products like marmalade. While challenges remain, including competitive trade interests, the article suggests that Europe is choosing unity in the face of crisis. The author, Gaby Hinsliff, argues that Britain has learned from its past mistakes and is now seeking to build a new relationship with the EU at speed. While rejoining the EU is not imminent, the will and political courage are needed to seize this second chance.
#United Kingdom #European Union #Keir Starmer
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Sport Apr 03, 2026

Duke Freshman Cameron Boozer Wins AP Player of the Year, Joining Elite Freshman Hall of Fame

Cameron Boozer became only the fifth freshman to capture the Associated Press men’s college basketb…
Cameron Boozer earned the Associated Press men’s college basketball Player of the Year honor, marking the fifth time a freshman has captured the award and the second consecutive year a Duke freshman has done so. The 6‑foot‑9 forward was a cornerstone of a Duke squad that posted 35 victories, topped the AP Top 25 poll, secured the No. 1 overall seed for March Madness and advanced to the Elite Eight. Boozer’s versatility—scoring against physical defenses, stretching the floor with perimeter shooting, and facilitating the offense—proved decisive throughout the campaign. Joining the ranks of Cooper Flagg (2025), Zion Williamson (2019), Anthony Davis (2012) and Kevin Durant (2007), Boozer joins a short list of freshmen who later became top‑two NBA draft picks. He noted, “It’s not just about me; the team’s success amplifies these recognitions.” In the AP voting, Boozer secured 59 of 61 votes, with the remaining two cast for BYU freshman AJ Dybantsa, who averaged a national‑best 25.5 points per game. Statistically, Boozer averaged 22.5 points (ninth in Division I) and 10.2 rebounds (twelfth), while dishing out 4.1 assists. His shooting efficiency stood at 55.6% from the field and 39.1% from three‑point range**, and he tied for the national lead with 22 double‑doubles. These numbers underscore his readiness for the professional level. Highlights of his season include a career‑high 35 points against Arkansas, a 29‑point effort versus defending champion Florida, and a dominant 18‑point, 15‑rebound performance against Michigan State. Even in Duke’s season‑ending loss to UConn, Boozer contributed 27 points despite a swollen right eye from an early‑game blow. Duke associate head coach Chris Carrawell praised Boozer, saying the program has been “fortunate to have two of the best freshmen ever play back‑to‑back,” and placed him “right up there” with the sport’s recent legends. In related honors, Fred Hoiberg was named AP Coach of the Year after guiding Nebraska to a breakthrough 28‑win season.
#boozer #duke #top
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Politics Apr 03, 2026

National Capital Planning Commission greenlights Trump’s $400 million White House ballroom amid legal showdown

The National Capital Planning Commission approved President Donald Trump’s plan to construct a 90,0…
The 12‑member National Capital Planning Commission, the agency that reviews construction on federal sites in Washington, D.C., voted on Thursday to approve President Donald Trump’s proposal for a massive ballroom at the White House. The project envisions a 90,000‑square‑foot (8,400‑square‑metre) space on the site of the East Wing, which Trump ordered demolished in October. Commission chair Will Scharf, a former personal lawyer to the president, said the ballroom could eventually be regarded as a "national treasure" comparable to other iconic White House components. However, the approval comes at a time when a U.S. District Judge has blocked further work pending explicit congressional authorization. Judge Richard Leon warned that while the president is the steward of the White House for future First Families, he is not its owner, emphasizing that major construction projects require legislative consent. Trump responded on social media, insisting the ballroom is funded by private donations and that past White House projects never needed congressional approval. Financially, the ballroom’s estimated cost has ballooned to roughly $400 million, double the $200 million figure cited by the White House in July 2025. Trump has pledged to complete the venue before the end of his term in early 2029, relying on contributions from wealthy donors—a point critics argue could create undue influence over the administration. Public sentiment appears overwhelmingly negative. Democracy advocate Jon Golinger of Public Citizen remarked, "The American people have weighed in on this project, and they hate it." The commission’s vote was delayed from March after a surge of public comments, the majority of which opposed the construction. Despite the commission’s endorsement, the ballroom’s future remains uncertain. The judge’s ruling underscores that without a congressional green light, the project cannot legally move forward, setting the stage for a continued clash between the White House, lawmakers, and the public over the use of the nation’s most symbolic residence.
#National Capital Planning Commission #Donald Trump #White House
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Sports Apr 03, 2026

Italy Football Chief Resigns After World Cup Qualification Failure

Italy's football federation chief Gabriele Gravina has resigned after the national team's failure t…
Gabriele Gravina, the head of Italy's football federation (FIGC), has resigned following the men's national team's failure to qualify for the World Cup for a third consecutive time. This decision comes after a meeting at the FIGC's headquarters in Rome on Thursday.Gravina's resignation was announced a day after Sport Minister Andrea Abodi called for his departure. Italy's national team lost to Bosnia and Herzegovina in a penalty shootout during the playoffs on Tuesday, securing their absence from this year's World Cup in the United States, Canada, and Mexico.The FIGC has scheduled a vote for a new president on June 22. Giovanni Malago, the former head of the Italian National Olympic Committee, is reportedly among the candidates. Additionally, head coach Gennaro Gattuso and general manager Gianluigi Buffon are expected to step down.Italy's football crisis prompted Abodi to state that the sport needs to be rebuilt from the ground up, starting with changes at the top of the FIGC. Gravina had previously acknowledged that Italian football is in a profound crisis.During his tenure, which began in 2018, Gravina oversaw Italy's Euro 2020 triumph under Roberto Mancini. However, two World Cup qualification failures and a disappointing European title defense led to his resignation.Italy's football woes extend beyond the national team, with Serie A clubs not winning the Champions League since 2010. The country's hosting rights for Euro 2032, which it will cohost with Turkey, are also under scrutiny due to concerns over stadium infrastructure.
#italy #football #figc
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Politics Apr 02, 2026

Zimbabwe's Constitutional Crisis: Citizens Fear Loss of Political Choice

Zimbabweans are protesting a planned constitutional change that would extend President Emmerson Mna…
In Zimbabwe, a proposed constitutional amendment has sparked widespread debate and concern among citizens. The amendment, known as CAB3, aims to extend President Emmerson Mnangagwa's term from 2028 to 2030, changing presidential and legislative terms from five to seven years.Critics argue that this move will consolidate power in the hands of Mnangagwa's ruling ZANU-PF party, making it increasingly difficult for opposition leaders to assume power. Currently, the president is elected through a popular vote, but the proposed changes would allow parliament to elect the president, potentially paving the way for a dynastic succession.Public hearings on the bill have been marred by chaos and allegations of bias, with many citizens expressing concerns about the rushed and limited consultation process. Opponents of the bill, including former finance minister Tendai Biti and opposition leaders, have been arrested and intimidated.Supporters of the bill, however, argue that it will enhance political stability and allow Mnangagwa to complete his development projects. But critics counter that term limits are essential to preventing authoritarianism and ensuring peaceful transfers of power.As the bill moves forward, Zimbabweans are worried about the future of their democracy and the potential for further repression. The country's economy is in shambles, and many believe that Mnangagwa's extended term will only exacerbate the situation.
#Emmerson Mnangagwa #Zimbabwe #Constitutional Amendment
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News Apr 02, 2026

UN‑backed Gang Suppression Force Deploys First Chadian Troops to Haiti Amid Escalating Gang Violence

The United Nations‑sponsored Gang Suppression Force sent its inaugural contingent of Chadian soldie…
The United Nations‑backed Gang Suppression Force (GSF) announced on Wednesday that its first foreign troops have landed in Haiti, signalling a new phase in the international effort to tame the country’s spiralling gang warfare.An advance team of soldiers from Chad arrived in Port‑au‑Prince, accompanied by Jack Christofides, a South African UN official appointed to lead the mission’s operations on the ground.The deployment is the initial step of a force slated to expand to 5,500 personnel with a 12‑month mandate. The GSF was authorized by the UN Security Council last September as a replacement for the earlier Kenyan‑led multinational security mission, which has struggled with funding shortfalls, insufficient manpower and limited institutional backing.Unlike its predecessor, which was limited to supporting Haitian police, the new force will have the authority to make arrests and conduct direct operations against groups designated as gangs. The concept was first put forward by the United States and Panama to “neutralise, isolate and deter” criminal networks.During the Security Council vote, twelve members voted in favour of the force, while China, Russia and Pakistan abstained. Russia’s representative, Vassily Nebenzia, criticised the plan as “rushed” and warned that its broad language could enable abuses, noting that the mandate permits the use of force against anyone labelled a gang.Haiti’s recent history of foreign intervention adds a layer of sensitivity to the deployment. Past UN peacekeeping missions have been linked to a cholera outbreak that claimed roughly 10,000 lives after the 2010 earthquake, and UN personnel have faced accusations of sexual assault in earlier decades.Gang control has tightened dramatically since the 2021 assassination of President Jovenel Moïse. Analysts estimate that up to 90 % of Port‑au‑Prince is now under gang influence, with around 26 criminal groups operating in the capital. The UN estimates that at least 16,000 people have been killed since 2022 and that more than 1.5 million have been displaced, many facing food insecurity. A recent human‑rights report recorded 5,519 gang‑related deaths and 2,608 injuries between March 2025 and mid‑January 2026, alongside reports of extrajudicial killings and sexual violence.The arrival of the GSF coincides with Haiti’s tentative steps toward a national election scheduled for August, where roughly 300 political parties and groups have registered. Acting Prime Minister Alix Didier Fils‑Aime has recently met with UN officials to discuss the new force’s role in stabilising the country ahead of the vote.
#haiti #gang #force
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