A cross-party committee of MPs has called for the government to refuse the proposed rescue package for Thames Water, advocating instead for the firm to be placed into special administration. The Environment, Food and Rural Affairs Committee report highlights the company's financial mismanagement and environmental failures.
Europe could face severe jet fuel shortages within six weeks, according to the International Energy Agency (IEA), following the closure of the Strait of Hormuz. The crisis, exacerbated by US and Israeli actions, threatens flight cancellations and significant economic disruption, with current measures unlikely to fully replace lost supplies.
Major lenders have begun to reduce rates on new mortgage deals, offering a glimmer of relief to first-time buyers after a surge in borrowing costs linked to the conflict in Iran. The shift follows market speculation regarding a potential long-term truce, though experts caution that the situation remains precarious.
Data reveals that over one in three young men in the UK were residing with their parents in 2025, a significant increase from two decades prior. This trend is largely attributed to escalating rental costs and property prices, severely impacting the financial independence of younger generations.
