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Business May 29, 2026

OurCoop triples CEO pay to £2.2m amid falling profits and sales

OurCoop, the mutual retailer that runs about 500 food stores in England, raised its chief executive…
Executive pay surge despite profit slumpThe independent mutual OurCoop approved a total pay package of £2.16 million for chief executive Deborah Robinson, an increase of more than three times the previous level, while the group reported a 4.4% drop in sales and a near‑50% fall in trading profit.Breakdown of the remuneration increasesRobinson’s package comprised an 11.5% rise in basic salary, a £1.1 million “incentive” payment and a one‑off discretionary award of £400,000. The finance, technology and property officer, Selina Butterfield‑Mashoofi, saw her total remuneration rise to £1.13 million, including a £500,000 incentive and a £212,015 one‑off payment; her base salary jumped from £257,606 to £400,000.Financial snapshot: sales down 4.4% and profit halvedSales for the year to 24 January fell 4.4% to £844.6 million.Trading profit shrank to £4.3 million, almost half of the prior year’s figure.Net debt increased to £36 million.The decline was partly attributed to supply disruptions after a cyber‑attack on the larger Co‑op Group, which provides a portion of OurCoop’s stock.Member backlash and governance questionsMembers criticised the lack of a profit‑share distribution this year and voiced concerns that the remuneration committee’s decisions were not transparent enough. One member told the Guardian that the figures were not read out at the annual meeting, while former staff on LinkedIn called the bonuses “galling” and “hard to justify”.OurCoop defended the raises, stating the remuneration policy was revised to retain senior talent amid “major strategic” mergers that created the new mutual.What the pay rise signals for mutual retailers’ futureThe episode highlights a tension between cooperative governance ideals and market‑driven talent retention strategies. If member scrutiny intensifies, future remuneration packages may need clearer benchmarking against comparable mutuals or tighter caps tied to performance metrics. Conversely, continued executive pay growth could set a precedent that reshapes compensation norms across the UK cooperative retail sector.
#OurCoop #Deborah Robinson #Selina Butterfield-Mashoofi
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Entertainment May 29, 2026

Ear’s Whimsical Laptop‑Twee Sound Fuels Guardian’s New ‘Add to Playlist’ Picks

The Guardian’s latest ‘Add to Playlist’ roundup spotlights the duo Ear, whose iPhone‑recorded debut…
Executive Overview of the Guardian’s New Playlist FeatureThe Guardian has launched a fresh Add to Playlist column, highlighting the duo Ear and a dozen standout tracks that span lo‑fi, IDM, and garage‑rock. The piece positions Ear’s “laptop twee” aesthetic as a touchstone for the week’s most inventive releases.Ear’s iPhone‑Recorded Debut and the Rise of Laptop TweeJonah Paz and Yaelle Avtan recorded their first track, Nerves, on an iPhone inside Bard College’s library. The song juxtaposes murmuring vocals, weightless strings, and a sudden bass synth, epitomising the laptop twee movement that blends whimsical lo‑fi textures with experimental electronics.Playlist Composition and Release DataThe Durutti Column – Liars – first album in 15 years, released 2026Cara Delevingne – Out of My Head – debut pop single, released May 2026Gilla Band – Giraffe – new track from Irish band’s latest albumFeeble Little Horse – Upside Down – featured on surprise album BitknotBlood Orange – Essex_Honey.mp3 – bonus track from album of the same nameEddy Current Suppression Ring – Bop – highlight from surprise Melbourne garage‑rock albumAnthony Calonico – Hillside – 80s‑futurist jazz ballad from Los Angeles artistThe playlist is embedded via Spotify, allowing instant streaming across platforms.Why Curated ‘Laptop Twee’ Playlists Matter to the Music LandscapeThe Guardian’s focus on Ear underscores a broader shift: listeners are gravitating toward niche, algorithm‑friendly collections that celebrate genre hybridity. By foregrounding artists who blend nostalgia with avant‑garde production, the column amplifies a market segment that thrives on streaming discoverability and cross‑regional collaboration (Hudson Valley, London, Melbourne, etc.).Looking Ahead: The Future of Curated, Genre‑Blurring PlaylistsAs streaming services refine recommendation engines, we can expect more editorially‑driven playlists that spotlight micro‑scenes like laptop twee. Artists will likely continue to experiment with low‑budget recording techniques (e.g., iPhone studios) while leveraging curated platforms to reach global audiences, reinforcing the symbiosis between DIY aesthetics and mainstream exposure.
#Ear #The Guardian #Laptop Twee
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Entertainment May 29, 2026

Backrooms Redefines Architectural Horror with Liminal Spaces

A24’s new thriller *Backrooms* transforms internet‑born liminal‑space lore into a cinematic horror …
The Film’s Core Concept: Turning Internet Liminality into CinemaThe Guardian review details how *Backrooms* follows architect‑turned‑store‑owner Clark (played by Chiwetel Ejiofor) as he discovers a portal to an endless maze of fluorescent‑lit, drop‑ceiling rooms. The film expands the viral “backrooms” meme—originally a series of YouTube shorts made with Blender and After Effects—into a feature‑length narrative while retaining its minimalist visual language.Production Insight: A 20‑Year‑Old Director’s Low‑Budget MasteryDirector Kane Parsons, the youngest ever to helm an A24 feature, built the original series using free software, demonstrating how low‑cost tools can generate high‑impact horror aesthetics. The movie’s production emphasizes practical set design—repeating office‑style corridors, yellow lighting, and drop ceilings—to evoke the “junkspace” described by architects like Rem Koolhaas.Financial Snapshot: A24’s Continued Investment in Indie HorrorBudget details were not disclosed, but A24’s recent horror slate averages $5‑10 million per film.Box‑office expectations align with the studio’s strategy of modest budgets paired with strong niche appeal.Why It Matters: Architecture as a New Horror FrontierThe film taps into academic concepts such as Mark Augé’s “non‑places” and Juhani Pallasmaa’s idea of architecture as mental space, positioning the built environment itself as the antagonist. By visualising bureaucratic infinity, *Backrooms* expands horror beyond monsters to the sterile, endless corridors of modern capitalism.Looking Ahead: The Future of Liminal‑Space HorrorParsons’ success suggests a growing appetite for horror that interrogates everyday environments. Expect more studios to mine internet subcultures and architectural theory, blending low‑budget VFX with philosophical storytelling to attract both genre fans and critical audiences.
#Backrooms #Kane Parsons #A24
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Entertainment May 29, 2026

The Archers Stars on Their Flower Power Stage Show

The Archers actors Susie Riddell, Sunny Ormonde, and Tim Bentinck discuss their upcoming stage show…
The Archers Actors on Their Flower Power Stage Show The actors from the popular rural radio drama The Archers are set to take the stage in a special production marking the show's 75th anniversary. Susie Riddell, who plays Tracy Horrobin, Sunny Ormonde, who plays Lilian Bellamy, and Tim Bentinck, who plays David Archer, sat down with The Guardian to discuss their excitement and nerves about performing live. Characters Come to Life The actors discussed how they bring their characters to life, even in a radio drama. Riddell mentioned that she has to be careful not to betray her true levels of excitement when speaking about the show. The actors also talked about the importance of using their imagination to create the world of Ambridge, where the show is set. From Radio to Stage The actors will be performing a specially written episode, set at Ambridge's annual flower and produce show. They discussed their concerns about adapting to a live stage performance, including what to wear and how to interact with the audience. Bentinck joked about trying to look cool on stage, while Riddell expressed her worry about people reacting to her "gurning" on stage. A Community of Fans The actors emphasized the strong connection they feel with the show's fans, who have been listening for decades. They discussed how the show's characters are very much character-led, and that the listeners have a sense of ownership over the characters. The actors are looking forward to performing in front of a live audience and interacting with fans.
#The Archers #Radio 4 #The Guardian
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Economy May 28, 2026

National Mission Needed to Tackle UK Youth Unemployment, Says Milburn Report

A new commission led by former health secretary Alan Milburn warns that more than 1 million 16‑24‑y…
The Guardian editorial argues that the UK must treat the plight of NEETs as a national priority, linking rising youth unemployment to inadequate training, housing costs and a fragmented policy framework.Milburn Commission Highlights Over 1 Million UK NEETsThe commission’s report, due in the autumn, shines a bright light on the 1 million young people aged 16‑24 who are not in education, employment or training. It criticises political attacks on welfare and “kids‑these‑days” rhetoric, insisting that the problem is fundamentally a policy failure.The Scale of the Crisis: Over 1 Million Young People Out of Work or Study1 million NEETs – roughly one in eight of the 16‑24 cohort.60 % are economically inactive, meaning they are not actively seeking work.Health‑related universal credit claims have risen in regions with fewer entry‑level jobs.Apprenticeship starts have fallen 35 % over the past decade.Why the UK Is Falling Behind Europe on Youth EmploymentCompared with other wealthy European nations, the UK records one of the highest rates of young people not in work or study. Contributing factors include:Housing inflation limiting independent living for young adults.Restrictive GCSE combinations that disadvantage less academic pupils.Chaotic further‑education reforms and the poorly‑implemented apprenticeship levy.Automation and AI‑driven profit growth that do not translate into entry‑level opportunities.A National Participation System: Pathway to Re‑engaging Young WorkersThe report proposes a new “participation system” that would coordinate work and pensions, health, education and business departments to pull young people into the labour market. While ambitious, the editorial stresses that without a clear, cross‑departmental mission the UK will continue to lose a generation to inactivity.
#Alan Milburn #NEET #UK government
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Sports May 28, 2026

Pochettino's European Return: Milan Talks and the USMNT's Final Chapter

Mauricio Pochettino is reportedly in advanced discussions with AC Milan to become their next manage…
Mauricio Pochettino is on the verge of a significant career shift, with reports confirming he is in talks with AC Milan to take over as manager next season. This development casts a spotlight on the end of his tenure with the US men's national team as they prepare for the 2026 World Cup on home soil.The European Pivot and World Camp ContextThe Guardian confirmed the talks, initially reported by journalist Nicolò Schira. Pochettino's status became a hot topic during the team's opening training camp at the US Soccer Federation's new center in Fayetteville, Georgia. Most analysts view the World Cup as the final chapter for the Argentine manager before a return to European club football.USMNT's Tight Timeline and Contract DynamicsThe USMNT has a packed schedule leading into the tournament, creating a tight window for Pochettino to finalize his move:Final friendly vs Germany (upcoming)World Cup opener vs Paraguay on 12 June at Los Angeles StadiumRegarding Pochettino's contract, US Soccer CEO JT Batson confirmed that while the manager has been transparent about club interest for years, no specific extension has been confirmed. Batson noted that succession planning is a monthly process, implying the federation is prepared for his departure.Managing the Distraction FactorThe looming exit has raised concerns about team chemistry, but the players seem unfazed. Tyler Adams, the USMNT midfielder, compared the situation to standard contract negotiations, stating that Pochettino remains fully present and focused on training. This suggests the squad is professional enough to handle the transition without internal friction.The End of the USMNT EraGiven the confirmed talks with a major European club like Milan and the CEO's comments on succession planning, it is highly probable that Pochettino will depart immediately after the World Cup concludes. The focus now shifts to who will replace him and how the team will adapt to a new leadership style during the tournament.
#Mauricio Pochettino #AC Milan #USMNT
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Economy May 28, 2026

The Milburn Report: Warning of a 1.25 Million NEET Crisis in the UK Economy

A landmark review led by former Labour cabinet minister Alan Milburn warns that the number of young…
The Lead: Milburn's Stark Warning on UK Youth EmploymentA landmark review led by former Labour cabinet minister Alan Milburn has issued a stark warning regarding the future of the British workforce. The report projects that the number of young people not in work or education could surge to 1.25 million by the early 2030s without immediate intervention. This projection signals a potential deepening of the economic inactivity crisis that has been plaguing the UK for several years.The Event Details: The 'Generational Fault Line' ReportMilburn, leading the review into why so many young people are economically inactive, argues that the UK risks opening up a 'generational fault line' between young and old. He contends that systemic failures are preventing young people from entering the workforce, citing disconnects in schools, the NHS, the welfare system, and the jobs market. The review serves as a call to action for policymakers to address the root causes of youth economic stagnation.The Data Analysis: Projecting the 1.25 Million NEET CrisisProjected Figure: The report warns that the number of NEETs (Not in Education, Employment, or Training) could reach 1.25 million by the early 2030s.Current Context: This figure represents a significant demographic shift, indicating a potential loss of human capital and future economic productivity.Key Driver: The analysis points to a widening gap between the skills young people acquire and the demands of the modern labor market.The Impact Analysis: Economic Inactivity and Social CohesionThe rise in youth inactivity poses a severe threat to social cohesion and economic stability. A large inactive youth population places a heavier burden on the working-age population and the state, potentially leading to reduced economic dynamism and increased social stratification. The report suggests that without addressing the barriers to entry for young people, the UK could face long-term stagnation in its growth potential.The Prediction: Urgent Overhaul of UK Support SystemsTo avert this crisis, the report calls for a comprehensive overhaul of the support systems designed for young people. Future policy must focus on aligning educational outcomes with labor market demands and ensuring that health and welfare systems are accessible and relevant to the youth demographic. The Guardian is now seeking input from young people to better understand their personal experiences and challenges in the job market.
#Alan Milburn #UK Economy #Youth Unemployment
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Politics May 28, 2026

Reeves Orders Ministers to ‘Buy British’ in Shipbuilding, Steel, Energy and AI

Chancellor Rachel Reeves has told cabinet ministers to award government contracts in shipbuilding, …
The Chancellor’s Directives to Prioritise British SuppliersIn a letter seen by The Guardian, Chancellor Rachel Reeves instructed every cabinet minister responsible for spending to "buy British" wherever possible. She expressed disappointment that many departments continue to award contracts to foreign firms despite the availability of capable UK suppliers.Targeted Sectors and the Scope of New OversightThe Treasury and Cabinet Office will now monitor contracts worth billions of pounds in four identified sectors that are deemed critical to national security:ShipbuildingSteel‑makingEnergy infrastructureArtificial intelligenceOfficials have been given authority to intervene or "call in" contracts that do not meet the new nationality criteria.Financial Scale of the Contracts Under ScrutinyRecent high‑profile deals illustrate the monetary stakes:£200 million contract for navy support vessels awarded to Dutch shipbuilder Damen.£9 million refit of the research ship David Attenborough awarded to Danish yard Orskov.Potential £1.9 billion upgrade of the Faslane nuclear‑submarine shipyard that could be opened to foreign bidders.Collectively, the four sectors involve multiple billions of pounds of annual government procurement.Political and Economic Implications for UK IndustryThe move arrives amid internal Labour Party tensions over the chancellor’s future and broader concerns about the UK’s economic exposure to the Iran war. Union leaders, such as GMB Scotland’s Louise Gilmour, have welcomed the push, arguing that foreign award‑outs undermine British jobs and security.Critics within government warn that prioritising nationality over cost could raise taxpayer expenses and limit competition, especially in high‑tech fields like AI where global expertise is crucial.What Comes Next: Guidance, Enforcement and Potential BacklashReeves plans to issue detailed guidance this summer, directing accounting officers to factor contractor nationality alongside price. The Cabinet Office will review departmental decisions and, where necessary, override them.Potential outcomes include:Increased market share for UK firms in shipbuilding, steel and AI.Heightened scrutiny of foreign involvement in critical energy projects.Possible legal challenges under the 2023 Procurement Act if contracts are blocked.The policy’s success will hinge on balancing national‑security objectives with fiscal prudence, and on whether the Labour leadership can maintain cohesion as the party navigates upcoming leadership debates.
#Rachel Reeves #Chris Ward #UK procurement
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Politics May 28, 2026

The Guardian view on Tony Blair's advice for Labour: policymaking like it's 1999 will not lead to a revival

The Guardian criticizes Tony Blair's recent advice to the Labour Party, arguing that his suggestion…
The Guardian's View on Tony Blair's Labour Advice Tony Blair's recent intervention in Labour party politics has sparked criticism from The Guardian, which argues that his advice is out of touch with the current political landscape. Blair's 5,700-word essay, published on the website of his Institute for Global Change, emphasizes the need for Labour to adopt a 'radical centre' approach, but The Guardian contends that this approach is based on outdated assumptions from the 1990s. Blair's Outdated Policy Prescriptions The Guardian argues that Blair's advice ignores the significant changes in the economic and social landscape since the 1990s, including the rise of AI, populism, and increased inequality. The article criticizes Blair for attacking Labour politicians who advocate for progressive policies, such as increasing capital gains tax or strengthening workers' rights. The Economic Context Has Changed The Guardian highlights the failure of the New Labour governments led by Blair to address issues like inequality and the financial deregulation that contributed to the 2008 financial crisis. The article argues that the current economic context is more challenging, with flatlining growth, wages, and productivity, and a crisis of affordability. Labour's Path to Revival The Guardian suggests that Labour's revival will depend on its ability to convince voters that it is committed to a more just economic settlement. The article argues that Blair's advice is tone-deaf to this reality and that Labour should look elsewhere for inspiration. A Call for a New Approach The article concludes that Labour needs to adopt a new approach that addresses the current challenges and concerns of voters, rather than relying on outdated policy prescriptions. The Guardian argues that this will require a more nuanced understanding of the economic and social context and a willingness to challenge the status quo.
#Tony Blair #Labour Party #UK politics
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