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Russian warship carries out rare live-fire exercise 45 miles off UK coast

Neustrashimy suddenly announced it intended to fire its guns and conducted 30-minute drill south of PlymouthA Russian warship conducted a rare live-fire exercise in the Channel 45 miles south of Plymouth on Monday, the day Andy Burnham was appointed as prime minister.The Neustrashimy suddenly announced it intended to fire its guns and requested that a British warship, which had been tracking it, retreat to a safe distance. Continue reading...

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UK employers cut job vacancies as Burnham aims to lift living standards

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime ministerBusiness live – latest updatesEmployers cut the number of job vacancies in June, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East.Job vacancies fell to 712,000 – almost half the level in 2022 – as employers put off hiring new staff in the three months to May, the Office for National Statistics said. Continue reading...

Thames Water investors offer ‘golden share’ in bid to head off nationalisation

Move would give government veto over big decisions and hostile takeovers, after Burnham’s call for greater public controlBusiness live – latest updatesThe group of investors pursuing a rescue bid for Thames Water have offered the government a “golden share” in a last-ditch attempt to convince Andy Burnham not to nationalise Britain’s biggest water company.London & Valley Water (L&VW), a consortium of 100 institutional investors that hold £17bn of the company’s £21bn debt, said it recognised the new prime minister wanted greater public control and to strengthen the accountability of the water company. Continue reading...

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Hanson’s support for Trump deportation policy ‘makes me sick’, Monique Ryan says – as it happened

Follow today’s news liveGet our breaking news email, free app or daily news podcastAlpine ski resorts in New South Wales and Victoria saw climate records shattered at the weekend with maximum temperatures up to 12C above average.Ski areas of Mount Hotham and Falls Creek set July records for their hottest daytime and night-time temperatures and Thredbo also set a new hottest July day, according to the Bureau of Meteorology.We want to see more Australian ideas commercialised, more Australian technology deployed globally, and more of the economic value harnessed here at home. Continue reading...

Andy Burnham to cut VAT on electricity bills as first cost of living move

Newly appointed chancellor John Healey says reduction will be funded by cancelling digital ID schemeElectricity bills will be reduced by an average of £45 a year from October, after Andy Burnham announced the government would remove VAT from them.The new prime minister said on Tuesday he was implementing an immediate tax cut to help ease cost of living pressures for households in Britain. Continue reading...