The king, his millions, and the first public royal tax bill – The Latest
King Charles has become the first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the last two years.
Policy & regulation
‘Make people dream’: how to build an economy for the common good
Good governments have a vision. They know what they want to achieve, can articulate why, and work out in public how to get there. They don’t just spout slogans about economic growth – because growth is meaningless unles…
SEC, CFTC Seek Public Comment on the Harmonization of Portfolio Margining Frameworks
From the Derivatives Practice Group: This week, ESMA published a report relating to transaction reporting simplification, while ISDA published a joint association letter for enhancing the EU’s legislative and supervisor…
FCA consults on targeted changes to listing rules for closed-ended investment funds
The FCA has published a consultation paper on proposed changes to its UK Listing Rules for closed‑ended investment funds, focused on the management of conflicts of interest.
At last, an economic policy we can all get behind – doubling the royal family’s funding | Marina Hyde
Finally, some part of our struggling state is getting a massive budget increase – and it’s not even the welfare bill, like normal. Or maybe it is? The monarchy’s core funding is going to double to £100m. Also mentioned …
As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’
Ultrarich face backlash as billionaire tax in California makes it to the ballot and Americans organize for higher wages
Great Britain’s grid operator warns again over power supplies in heatwave
Neso asks generators to provide extra electricity on Friday evening to meet demand from fans and air conditioning
Rotisserie chickens in the trash: I worked in a supermarket and saw shocking food waste every day | Ann Larson
To most grocery shoppers, rotisserie chickens look like a mouth-watering and easy option for dinner. But whenever I pass by the rotisserie case in a supermarket, I see chicken carcasses piled up in the trash, their once…
Heathrow expects fall in passengers and profits this year because of Iran war
Heathrow has said that passenger numbers and profits will fall this year because of the conflict in the Middle East.
Ignore the miserabilists: Andy Burnham as PM is a moment when things really can get better | Polly Toynbee
He’s the only person who can keep Nigel Farage out of Downing Street, so let’s embrace his unique blend of optimism and realism
‘Slough is like an experiment’: Europe’s largest datacentre hub leaves town sweltering
The community living next to the largest datacentre park in Europe say the scorching summer heat has grown unbearable.
Brexit: An Oral History – podcast
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Porsche magnate puts historic Salzburg villa up for sale after row over private ‘tunnel for one’
Plans by Wolfgang Porsche to bore private 500-metre road link through Austrian hill caused anger among locals
UK food and drink exports fall as US tariffs and Brexit trade friction bites – business live
The FDF also report that the UK’s food and drink export surplus with the US has fallen by over 69% – from £359m to £110m in Q1 2026.
Do new Isa rules mean I have pay tax?
This week the new rules became clearer, sparking concern among investors that they may have to pay tax on some of their holdings.
How much? The hidden costs of restaurant dishes
“It’s easy to assume vegetable dishes should be cheaper than meat,” says chef-patron Chantelle Nicholson. “Vegetables usually are, but vegetable dishes are more labour-intensive. It’s simple to slap a steak on the grill…
ECB Consumer Expectations Survey results – May 2026
In May, the median rate of perceived inflation over the previous 12 months remained unchanged at 4.0%. Median expectations for inflation over the next 12 months decreased to 3.5%, from 4.0% in April. Expectations for in…
‘Kind of miracle solution’: How Paris is harnessing the Seine to replace air-con
City plans to triple system of underground pipes that distribute chilled river water, reducing need for individual cooling units
Too hot for work: why extreme heat is a threat to Europe’s productivity
High temperatures make some workplaces dangerous, with economists warning disruption will dent growth
UN agency pauses ship evacuations through strait of Hormuz after vessel struck
International Maritime Organization says safety guarantees must be confirmed before ships can move again
Xi Jinping has hosted more than a dozen leaders this year, as ‘middle powers’ look beyond the US
China’s leader wants to promote his alternative to the current world order, and his efforts are being assisted by a capricious US
Apple raises iPad and MacBook prices, blaming cost of chips amid AI boom
Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data center buildout.
California’s proposed billionaire tax: what you need to know
Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposed
California billionaire tax will appear on ballot after deadline for deal passes
Proposal to introduce one-time tax of 5% will go to voters in November after backers decline to withdraw measure