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World Economy Apr 01, 2026

Berkeley Halts Land Purchases and Implements Hiring Freeze as Iran War Triggers UK Housing Market Shock, Forecasts £1.4bn Profit by 2030

London‑focused housebuilder Berkeley announced a stop to new land acquisitions and a hiring freeze …
Berkeley, one of Britain’s largest housebuilders, said it will cease buying new land and impose a hiring freeze as it confronts the impact of the Iran war and broader geopolitical volatility on the UK property market.The FTSE 100 company warned that a reduced likelihood of further interest‑rate cuts and soaring regulatory costs could weigh heavily on its business, prompting cost‑cutting measures that also include using fewer subcontractors.In a significant outlook revision, Berkeley now expects to generate more than £1.4 billion in pre‑tax profit between 2027 and 2030, a stark increase from the roughly £450 million it had forecast for the current year and 2027.Market reaction was swift: the company’s shares plunged up to 18 % on Wednesday morning, later recovering to sit about 13 % lower, making Berkeley the worst performer on the FTSE 100 that day.Berkeley’s statement noted that early‑2026 sales showed modest recovery, but “recent geopolitical events and the macro‑economic consequences, including reduced potential for further rate cuts, could reduce confidence in a near‑term market recovery.”The firm cited “unprecedented” increases in costs and regulation, alongside weak buyer demand, as reasons for halting land purchases, arguing it can no longer achieve a sufficient rate of return on new sites due to a continuous rise in tax and regulatory burdens.These challenges arrive as the UK government pushes to meet ambitious new‑home building targets, while the sector grapples with higher taxation, new building‑safety rules, and longer planning timelines—Berkeley estimates approvals now take about 12 months longer than before.The ongoing war in Iran has amplified inflation fears, lifted mortgage rates above 5 % and heightened mortgage‑cost pressures for consumers, according to Moneyfacts data.Competitors such as Barratt, Redrow and Persimmon have also suffered, each losing more than 20 % of their market value, underscoring the broader stress across the housing‑construction industry.Berkeley, headquartered in Surrey, employs over 2,500 people and focuses on brownfield regeneration projects. It holds land sufficient for 50,000 homes with an additional pipeline for 10,000 homes in London and the south‑east, but will slow construction on existing sites to match market demand and regulator approvals.
#new #land #berkeley
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World Economy Apr 01, 2026

UK Must Fast‑Track Clean‑Energy Overhaul to Shield Economy from Fossil‑Fuel Shock

A looming fossil‑fuel shock, driven by the Iran conflict and global gas shortages, threatens UK inf…
Energy crises do more than lift household bills; they can reshape an entire economy. In the 1970s the United Kingdom responded to oil shortages by expanding North Sea extraction and becoming a net energy exporter. Today, with a 10 million‑barrel‑per‑day supply deficit and a fifth of global LNG trade under strain, that strategy no longer offers security.The UK is now acutely vulnerable to volatile gas prices. Inflation expectations are rising, markets anticipate higher interest rates, and borrowing costs have surged to levels not seen since the 2008 financial crisis. The ripple effect is already evident in food markets, where inflation hit 3.3 % in February and could climb sharply within three months.New data reveal that the hundreds of North Sea licences granted since 2010 have added merely 36 days of extra gas production. Major oil majors such as BP are re‑emphasising oil and gas to reassure investors, while Shell continues aggressive share‑buy‑backs. The reality is clear: fossil‑fuel giants cannot be the rescue plan.Gas should no longer set the price floor for electricity. As the grid leans more on wind and solar, gas must be treated as a backup resource, compensated with a fixed or regulated price rather than wholesale market volatility. Research from University College London and Common Wealth outlines a practical model for this approach.Beyond market reforms, households need a safety net. An essential energy guarantee—a capped, affordable band of consumption for every home—mirrors schemes adopted in Austria, the Netherlands and Poland after the 2022 crisis and would be more targeted than the current blanket price‑support guarantee.Similarly, a protected basket of staple foods, backed by long‑term procurement and direct support for domestic producers, could stabilise prices. France’s 2023 anti‑inflation shopping‑basket experiment offers a template, and the UK already supplies over 60 % of its own food, though it remains dependent on imports for fruits, vegetables, rice and fertilisers.The long‑term solution lies in renewable power. Record wind generation this year has already reduced gas‑fired output, while consumer interest in solar panels, batteries and heat pumps is soaring. A typical solar‑plus‑battery system can slash a household’s electricity bill to under £2 per month, and electric‑vehicle owners can save more than £1,000 annually on fuel costs.To unlock these savings, the government must back financing mechanisms such as zero‑interest loans, subscription‑style purchases for solar and heat‑pump kits, and leasing schemes for electric vehicles. On a larger scale, a dual‑interest‑rate policy—standard rates for the broader economy and preferential, low‑cost funding for clean‑energy projects—could mirror the green‑lending models already used by China’s central bank and the Bank of Japan.In short, the United Kingdom faces a decisive moment. The 1970s taught that energy shocks can remake a nation; the question now is whether the UK will seize this crisis to protect living standards and build a resilient, low‑carbon energy system for the decades ahead.
#energy #gas #can
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World Economy Apr 01, 2026

UK Chancellor Reeves convenes supermarket CEOs to tackle looming food price surge amid Middle East‑driven energy crisis

Chancellor Rachel Reeves will meet the heads of Sainsbury’s, Tesco and Morrisons to assess potentia…
The UK’s chancellor, Rachel Reeves, is set to sit down with the chief executives of Sainsbury’s, Tesco and Morrisons on Wednesday. The meeting aims to gauge the scale of possible price hikes and shortages of essential household goods as the nation grapples with a sharp rise in energy, fuel and fertiliser costs triggered by the ongoing Middle East conflict. A Treasury source described the gathering as a "fact‑finding, open discussion" intended to identify any supply squeezes and to forecast the impact on the cost of living over the coming months. Allan Leighton, executive chair of Asda, will not attend but has publicly urged the government to "stand up and start doing stuff" to aid farmers and curb fuel prices, warning that food costs will inevitably climb if the conflict persists. Simon Roberts, chief executive of Sainsbury’s, cautioned that price increases are "unlikely to rise until the summer" thanks to long‑term contracts on energy and fertiliser that currently keep a lid on costs. Nevertheless, UK growers are sounding the alarm. Producers of tomatoes, cucumbers, peppers and aubergines say higher input costs could force them to pull plants from the ground, creating potential gaps on supermarket shelves. Lee Stiles, secretary of the Lea Valley Growers’ Association – the region often dubbed London’s "salad bowl" – is lobbying for indoor food producers to be classified as "energy‑intensive users" alongside steel, chemicals, cement and glass, thereby qualifying for additional support with surging energy bills. Stiles also called on retailers to renegotiate contracts with growers to reflect the cost surge since the Middle East conflict began. He warned that the upcoming increase in standing charges on 1 April – a fixed daily fee for accessing the gas and electricity network – will further strain producers’ margins. "Growers have already invested in plants and labour for three to four months," Stiles said. "When you do the maths, the numbers don’t add up. They would lose less money by sending workers home, pulling the plants out and turning off the boiler." If domestic growers cut the season short, European glasshouses, which normally supply the UK’s salad market at this time of year, may struggle to fill the void, risking a repeat of the fresh‑produce shortages experienced in early 2023. The British Poultry Council (BPC) echoed these concerns, highlighting pressures on supplies of oil, gas, fertiliser and essential feed components. "These factors are creating sustained upward pressure on the cost of poultry production," the BPC warned, adding that while some cost increases may be absorbed, others will inevitably be passed on to consumers. Richard Griffiths, BPC chief executive, noted that while many farmers have long‑term energy deals, costs such as diesel are rising rapidly, and there are fears that vital medicines could become unavailable at any price. In response, the government has announced a £117 cut to household energy bills, an increase to the legal minimum wage, and the launch of a £1 billion "crisis and resilience" fund aimed at helping vulnerable households with expenses such as heating oil.
#tesco #morrisons #asda
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Entertainment Apr 01, 2026

Theatre Highlights: Patrick Stewart's Shakespearean Sonnets and More

This month's theatre highlights include Patrick Stewart reading all 154 of Shakespeare's sonnets on…
For theatre enthusiasts, April brings a range of exciting productions and performances. Patrick Stewart is set to read all 154 of Shakespeare's sonnets on Audible, a project that began as a pandemic hobby where he recited one sonnet each day on social media. This comprehensive collection, which includes his personal commentaries, will be available from April 7 and lasts almost four hours. In another notable production, Complicité presents 'I Don't Do Innocents', a radio play by Anne Carson directed by Simon McBurney, featuring a cast that includes Emma Corrin and Carson herself reading the stage directions. On the BBC, Sam Ryder gives a sneak preview of his Jesus Christ Superstar, which is set to appear at the London Palladium this summer, as part of the musical-theatre jamboree on iPlayer. Hosted by Jason Manford in Manchester, the event also features Victoria Hamilton-Barritt singing from Paddington: The Musical. Additionally, James Ijames' historical satire 'The Most Spectacularly Lamentable Trial of Miz Martha Washington' is set to run from April 9 to May 3. This play, which explores the life of the inaugural first lady of the US, could pair interestingly with 'Oh, Mary!' in the West End. The BBC is also celebrating the 120th anniversary of Henrik Ibsen's death with a comprehensive iPlayer season featuring various adaptations of his works, including two renditions of 'Hedda Gabler' and 'The Master Builder'. Other highlights include Rosie Sheehy's performance in 'King John' on Marquee TV and 'End' at the National Theatre, part of a trilogy by David Eldridge, which makes a compelling double bill with Stephen Poliakoff's 'Close My Eyes'. Finally, 'Back to the Future: The Musical' is set to embark on a UK tour after its run in London, with an Amazon Prime documentary offering a 'making of' insight into the show.
#Patrick Stewart #Audible #Anne Carson
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Stage Apr 01, 2026

Johannes Radebe Shines as Lola in Kinky Boots Musical

Johannes Radebe, known for Strictly, stars as Lola in the musical Kinky Boots, bringing magnetic st…
Johannes Radebe, also known as Jojo from Strictly, is a natural performer who shines brightly as Lola in the musical Kinky Boots. His stage presence is magnetic, and his dancing is mesmerizing. Radebe's portrayal of the drag queen Lola is captivating, with impressive entrances and a strong performance.The musical, based on the 2005 film, tells the story of a Northampton shoe factory that switches to making boots for drag queens. The show features a riot of colors and sparkle, with impressive costumes designed by Robert Jones and Tom Rogers. The story follows Charlie Price, who returns to his hometown to take over the family business and, along with Lola and her friends, devises a plan to save the factory.Radebe's performance is supported by a talented cast, including Courtney Bowman as Lauren and Scott Paige as George. While Radebe's singing voice may not be as strong as his dancing, he brings a unique energy to the role. The show's direction by Nikolai Foster ensures that the cast delivers the right tone, but the musical may lack depth in its storytelling.Overall, Kinky Boots offers an enjoyable night out, with a blend of music, dance, and comedy. The show runs at the London Coliseum until July 11.
#boots #kinky #but
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Politics Apr 01, 2026

UK Faces Accusations of Intimidation After Re‑Arrest of Pro‑Palestine Activists Amid Legal Crackdown

Civil‑rights groups and Palestine solidarity campaigners claim the UK is using intimidation tactics…
London, United Kingdom – Civil‑rights organisations and supporters of the Palestine solidarity movement allege that the British state is employing intimidation tactics following the recent re‑arrest of two young pro‑Palestinian activists who were out on bail. On Monday, 21‑year‑old Qesser Zuhrah was detained at her Watford home after posting on social media urging people to take “direct action”. Counter‑terrorism police charged her with encouraging or assisting criminal damage, a charge tied to the online post. She was granted bail again on Tuesday and is scheduled to appear in court on 17 April. Four days earlier, 23‑year‑old Audrey Corno was arrested in south London by plain‑clothes officers who claimed she had tampered with her electronic tag – a breach of bail conditions she denies. Corno said officers emerged from an undercover vehicle parked outside her home and that her tag had been offline for only 20 minutes, a duration she could not have caused. Both activists were previously imprisoned for alleged involvement in separate 2024 raids on military‑hardware manufacturers linked to the Israeli war effort, actions claimed by the direct‑action group Palestine Action. Zuhrah is part of the “Filton 24” collective accused of breaking into an Elbit Systems UK weapons factory in Bristol, while Corno faced charges related to a break‑in at GRiD Defence Systems in Buckinghamshire. Although a High Court ruling in February declared the UK’s designation of Palestine Action as a “terrorist” organisation unlawful, the government is preparing an appeal, meaning public support for the group remains illegal for now. Naila Ahmed, head of campaigns at CAGE International, described Zuhrah’s re‑arrest as part of an “active repression” of pro‑Palestine voices, arguing that the legislation is being used to criminalise political speech and dissent. She called for the abolition of terrorism laws, saying they have historically served as tools of political control rather than public protection. Human Rights Watch has echoed these concerns, noting a “disproportionate targeting” of groups such as climate‑change activists and Palestine protesters, which undermines the right to protest without fear of harassment. The arrests occur amid escalating tension between the Metropolitan Police and Britain’s sizable Palestine solidarity movement. A large march is slated for Saturday in London, where demonstrators are expected to chant slogans like “I oppose genocide, I support Palestine Action”. The Met, which had paused mass arrests after the High Court decision, has recently reversed that policy, raising the likelihood of further detentions. In parallel, a court hearing is set for Wednesday involving Palestine Solidarity Campaign’s Ben Jamal and Stop the War Coalition’s Chris Nineham, who face accusations of breaching protest restrictions in January 2025. Public sentiment appears to be shifting: a YouGov poll found that one in three Britons express “no sympathy at all” for the Israeli side after the conflict has claimed over 72,000 lives and devastated the Gaza Strip. Critics argue that the Labour government, led by Keir Starmer, has intensified its crackdown on pro‑Palestine activism, citing a wave of arrests and the ongoing proscription of Palestine Action as evidence of a broader strategy to suppress dissent.
#UK Home Office #Palestine Action #High Court
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News Mar 31, 2026

UK Pro-Palestine Activist Qesser Zuhrah Arrested Again After Release on Bail

Qesser Zuhrah, a 21-year-old pro-Palestine activist, has been arrested again in the UK, weeks after…
Qesser Zuhrah, a young pro-Palestine activist from the UK, has been arrested again just weeks after being released on bail. The 21-year-old was taken from her home in Watford, near London, on Monday morning by masked police officers.According to footage shared on social media, Zuhrah was handcuffed and placed into a car destined for prison. Her supporters claim she was arrested due to an Instagram story she posted, which allegedly encouraged people to take 'direct action'.Hertfordshire Police confirmed that a 21-year-old woman was arrested on suspicion of intentionally encouraging a crime and the encouragement of terrorism. However, they did not disclose her identity.Zuhrah is part of a group known as the 'Filton 24', who are alleged to have raided an Elbit Systems UK factory in Filton, near Bristol, on August 6, 2024. The group, Palestine Action, aims to counter Israeli war crimes and British complicity in them by targeting weapons manufacturers.Zuhrah had previously spent 15 months on remand without a conviction before being released in February. During her time in prison, she went on a hunger strike for almost 50 days to protest against the UK's ban on Palestine Action and the conditions in jail, which she described as inhumane.Her supporters argue that her arrest is part of a continuation of active repression targeting pro-Palestine activists in the UK. They also claim that the use of terrorism legislation to police social media posts relating to activism overreaches these powers, raising concerns about freedom of expression and the criminalization of political dissent.
#palestine #activist #arrest
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Science Mar 31, 2026

Dame Carole Jordan: A Pioneer in Astrophysics and Champion for Women in Science

Dame Carole Jordan, a renowned astrophysicist, has passed away at the age of 84. She was a leading …
Dame Carole Jordan, who has died aged 84, was a prominent figure in astrophysics, celebrated for her groundbreaking research on the outer atmosphere of the sun and other cool stars. Her contributions to the field have left a lasting impact, and her legacy extends beyond her scientific achievements as a champion for women in science.Jordan's fascination with astronomy began at a young age, inspired by books from authors like Arthur Eddington and Fred Hoyle. She pursued her passion for astronomy at University College London, where she was interviewed by CW Allen, professor of astronomy, and offered a place. Her academic journey led her to become a leading expert in ultraviolet spectroscopy of the sun and other stars.In 1962, a rocket-borne experiment led by US astronomer Richard Tousey measured the EUV spectrum of the sun, discovering a dozen unidentified emission lines. Jordan dedicated her research to understanding these lines, eventually becoming the world expert on the subject. Her 1965 PhD thesis, Analysis of the Solar Ultraviolet Spectrum, concluded that several lines were due to transitions in highly ionized iron.Jordan's most-cited paper, The Ionization Equilibrium of Elements Between Carbon and Nickel, published in 1969, laid out the ionization equilibrium as a function of temperature for the main ionized states of common heavy elements. This work became a definitive guide to EUV spectroscopy. The launch of the International Ultraviolet Explorer (IUE) in 1978 enabled her to extend her analyses to other stars, solidifying her position as an expert on the chromospheres of cool stars.Jordan's achievements extended beyond her scientific contributions. In 1994, she became the first female president of the Royal Astronomical Society, a testament to her dedication to promoting women in science. She was also a staunch supporter of the Royal Astronomical Society, serving as secretary and vice-president of the Institute of Physics.Throughout her career, Jordan received numerous accolades, including the RAS's gold medal in 2005 and being made a dame in 2006. Her legacy serves as an inspiration to future generations of scientists, particularly women, to pursue careers in STEM fields.
#Carole Jordan #solar corona #spectroscopic analysis
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Business Mar 31, 2026

Tesco Store in Orkney Overwhelmed with 38,000 Unordered Bananas

A Tesco store in Orkney, Scotland, accidentally received 38,000 bananas due to a ordering error, in…
A Tesco store in Orkney, Scotland, recently found itself overwhelmed with an enormous surplus of bananas - 38,000 to be exact. The store had intended to order 380kg of bananas, which equates to approximately 2,500 bananas. However, due to a simple ordering error, they ended up with 380 wholesale boxes, each containing about 100 bananas. The mistake was equivalent to ordering 15.5 million bananas for a Tesco store in Greater London, which would translate to just 1.73 bananas per person based on the city's population of 9 million. The local population of Orkney, comprising about 22,000 people, would have to consume a significant amount of bananas to make a dent in the surplus. Tesco quickly responded to the crisis by giving away boxes of bananas to schools and community groups, relieving the store of its banana burden and bringing joy to many children in the process. The incident highlights the challenges that can arise from simple human error in the retail sector, even if it did result in a rather amusing situation.
#Tesco #Orkney #Bananas
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