Writing the summary…
Nandy says children’s social media ban only ‘staging post’ in online safety drive
Source: The Guardian
Original reporting
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BBC Business
Meet the people switching careers to DIY and plumbing
Female DIY experts and tradeswomen talk about their experiences of a traditionally male-dominated domain.
The Guardian
UK economy ‘slightly larger’ than previously thought after Q2 growth revised up; Greggs proposes 740 job cuts – business live
Rolling coverage of the latest economic and financial news This morning’s upgrade to UK growth in April-June is a boost to Andy Burnham, analysts say, even though he didn’t take office until almost a month later. Chris Beauchamp , chief market analyst at IG , says: “Still on a post-speech high, the upgraded figure is yet more good news for the UK’s still-new(ish) prime minister. The highest growth in the G7 for the first half is certainly a headline and one that will help keep nervous MPs in line for a while, plus it helps take off pressure for a new election - why risk it now when things appear to be improving nicely.” The upward revision to real GDP growth in Q2, from 0.4% q/q to 0.5% q/q, suggests that the economy has been a bit more resilient to higher energy prices in the first half of the year than previously thought. This resilience may continue into Q3, but we still expect it to
CNBC
Oil prices climb as Trump denies offering Iran sanctions relief; Qatar pushes for peace talks
Oil rose Wednesday after U.S. President Donald Trump denied offering sanctions relief to Iran.
The Guardian2 outlets
I heard one thing loud and clear in Andy Burnham’s landmark speech: the left has won the arguments | Owen Jones
The PM’s stated trajectory is a rebuke to past Tory and Labour governments. The challenge now is to make his project progressive in word and deed As Andy Burnham delivered his conference speech to the Labour faithful yesterday, it was hard not to recall Jeremy Corbyn’s words after the party’s shattering 2019 election defeat. “I am proud that on austerity, on corporate power, on inequality and the climate emergency,” he wrote for this publication, “we have won the arguments and rewritten the terms of political debate.” Given Boris Johnson’s 80-seat majority, widespread mockery ensued. But when it comes to rhetoric, who can now deny that the left has won the argument? A Labour prime minister has declared that “Britain has been on the wrong path for a long time”, listing five villains: “Deindustrialisation, deregulation, privatisation, austerity, Brexit.” His speech was infused with class p
CNBC2 outlets
Pressure on U.S. Treasurys eases after 30-year yield hits highest level since 2002
U.S. Treasury yields largely rose Tuesday, adding to the gains that catapulted them to multi-year highs amid central bank monetary policy concerns.
The Guardian
Energy bills in Great Britain forecast to jump by £276 a year from January
Cap poised to rise by 16% to equivalent of £1,999 for dual-fuel bill, the biggest quarterly increase since January 2023 Household energy bills in Great Britain are predicted to soar by £276 a year for the typical household from January as the impact of the Middle East war continues through the coldest months of winter. The government’s cap on energy prices is poised to jump by 16% to the equivalent of £1,999 for the average annual dual-fuel bill in a further blow to struggling households, according to figures from the leading forecaster Cornwall Insight. Continue reading...