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Economy May 26, 2026

Next Boss Warns of 'Dramatic Fall' in UK Entry-Level Jobs as Youth Unemployment Soars

Next's CEO Lord Wolfson has sounded the alarm over a dramatic decline in UK entry-level jobs, with …
The Crisis in Youth EmploymentThe boss of Next, Lord Wolfson, has issued a stark warning about a "dramatic fall" in entry-level jobs across the UK, highlighting how this trend is driving up youth unemployment. The clothing and homeware retailer, where Wolfson has been chief executive since 2001, typically received 10 applications for every job in its shops in 2024, but that number has now surged to 19."That doubling of applicants for shop jobs is indicative of just how big the crisis is in youth unemployment at the moment," Wolfson told the BBC. His comments come as a government-commissioned report is expected to find that Labour has failed to tackle the soaring number of people not in education, employment or training (Neet), with almost a million young people in this category.Changing Retail Landscape and Employment PracticesThe retail industry is undergoing significant transformation, with Next increasingly adopting automation and other technologies such as self-scanning lockers for customer returns, reducing the need for staff on tills. This technological shift is part of a broader trend where entry-level roles are most vulnerable to the advent of artificial intelligence.Wolfson specifically pointed to the upcoming ban on zero-hours contracts, included in the government's Employment Rights Act, as a factor that will make hiring more difficult. "While I am in favour of eliminating zero-hours contracts in most sectors, the new rules are tricky for retail, because the risk is you then have to contract for those hours forever," he explained.More than a million people in the UK are currently working on a zero-hours contract basis, spanning hospitality, warehouses, and even the NHS. The new legislation will require employers to offer guaranteed hours to casual workers, a change Wolfson suggests will make it "much harder" for Next to offer more flexible hours to its staff.Economic Pressures on Businesses and Young WorkersWolfson, who received a record pay package of more than £7m last year and could be paid up to £9.27m this year, called on the government to reverse the rise in national insurance contributions (NICs) employers have to pay, alongside minimum wage increases. These cost pressures, he argued, have led Next to reduce staffing levels in individual stores while its online business continues to thrive."Traditionally, young people often get their first week experience at a shop stacking shelves or serving drink and food in a restaurant, cafe or pub," Wolfson noted. "Because of the cost increases, we have fewer staff in individual shops."A Treasury spokesperson countered: "Cutting wages for the lowest paid during a time of global uncertainty is not the answer. Increasing the national minimum wage boosts pay for over 200,000 young workers, and employer NICs are lower when hiring under‑21s."Industry Transformation and Labor Market ChallengesThe retail sector's evolution reflects broader changes in the UK labor market. Alice Martin, head of research at the Work Foundation at Lancaster University, emphasized that "young people are entering one of the toughest labour markets in years, facing intense competition for a shrinking number of entry-level jobs."Retail and other sectors are changing rapidly, with more online sales and fewer staff needed on the shop floor. This transformation has contributed to a sharp fall in vacancies, leaving many young people facing repeated rejection as they try to enter the workforce."A difficult labour market is no excuse for undermining pay or job security," Martin added. "The ban on exploitative zero-hour contracts is long overdue. One in five workers in the UK is in severely insecure work, without predictable pay or basic protections."Future Outlook for Youth EmploymentWolfson suggested that ultimately, the best way to improve the jobs market is through economic growth. "Youth unemployment is really a symptom of wider problems with employment in the economy, and of course, if you've got fewer jobs, the people who suffer most are the people with the least experience and that is the youngest," he explained.The government's upcoming "system reset" to address the Neet crisis will likely need to address multiple factors simultaneously, including the changing nature of work, technological displacement of entry-level positions, and the need for better pathways for young people into sustainable employment.As Next continues to invest in its online operations while reducing physical store staffing, the company's experience may serve as a microcosm of broader economic shifts that will require innovative solutions to ensure young people can successfully transition into the workforce.
#Next #Lord Wolfson #UK unemployment
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Business May 26, 2026

Oil Price Surges Past $100 as US Strikes Iran, Energy Market Reaches 'Point of No Return'

The oil price has surged past $100 a barrel after fresh US strikes on Iran dashed hopes of a Middle…
The Lead Oil has again touched $100 a barrel after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that whatever the outcome of peace talks, the global energy market may now be past the 'point of no return'. US Strikes on Iran and Oil Price Surge News of the US attacks on missile launch sites and mine-laying vessels pushed the price of Brent crude past the key threshold on Tuesday, before it eased back to about $99. The conflict and resulting blockade of fossil fuel shipping through the strait of Hormuz have sent oil soaring, topping $126 at the end of last month. The Data Analysis Market observers say weeks of disruption to oil exports have heavily eroded global stockpiles of crude and fuel, while demand for transport fuels is expected to increase over the summer travel season. Analysts at HFI Research said last week that the market had 'reached the point of no return' and could be due a 'rude awakening' by the start of next month. Global oil demand fell by an average of 2.8m barrels a day in March. Deeper declines of 4.3m barrels a day in April and 5.5m barrels a day in May were likely. The Impact Analysis The head of the International Energy Agency, Fatih Birol, said last week that the world could hit a 'red zone' in July and August by using far more oil than countries were producing, meaning further emergency measures may be required. Record draws from emergency oil stockpiles have helped to plug this shortfall by about 2m barrels a day but these releases are expected to end by July and inventories are already 'critically low'. The Prediction 'The market continues to watch for a US-Iran agreement to resume flows through the strait, but even in a blue-sky scenario, with flows normalising, the market will remain tight with inventories critically low,' JP Morgan said. Higher oil prices are already feeding through at the pumps, with petrol prices in the UK at their highest level since the Middle East conflict started.
#Oil Price #Iran #US Strikes
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Business May 26, 2026

B&Q Blames Wet Easter for Sales Dip, Eyes Heatwave Recovery

A cold, rainy Easter trimmed seasonal sales at B&Q, pulling the Kingfisher group’s like‑for‑like re…
Wet Easter Dampens Seasonal Sales at B&QA wet and cold Easter discouraged customers from buying barbecues, garden furniture and plants, causing a dip in seasonal revenue for the home‑improvement chain B&Q, part of the Kingfisher group.Sales Figures Reveal 0.9% Group Decline, B&Q Down 4.1%Group like‑for‑like sales fell 0.9% between February and April.B&Q sales dropped 4.1% in the same period.Screwfix revenue rose 4.1%, offsetting part of the decline.Seasonal products account for roughly 20% of Kingfisher’s total revenue.Kitchen sales increased 4.5% after the launch of new ranges.Strategic Shift Toward Trade Customers and Heatwave OpportunityKingfisher is leaning more on its trade‑customer base, which grew 17% (excluding Screwfix) as professionals continue to buy essential tools and materials. The company also plans further investment in its own‑brand bathroom range later this year, aiming to capture market share despite a 2% overall decline in UK bathroom sales.Outlook: Heatwave Boost and Full‑Year Profit GuidanceThe current heatwave is expected to revive demand for outdoor and garden items, helping B&Q recover lost ground. Thierry Garnier, chief executive of Kingfisher, reaffirmed the full‑year outlook, targeting a pre‑tax profit of £565 million‑£625 million. The guidance lifted the share price by 3% and kept the stock at the top of the FTSE 100.
#Kingfisher #B&Q #Screwfix
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Sports May 26, 2026

Azmoun’s World Cup Absence Sparks Political Debate in Iran

Iran’s 31‑year‑old striker Sardar Azmoun has been omitted from the provisional World Cup squad afte…
Iran’s star forward Sardar Azmoun will miss the 2026 World Cup after being left out of the preliminary squad, a move tied to his outspoken social‑media posts and a controversial meeting with the ruler of the United Arab Emirates. The exclusion has ignited a heated debate across the country, pitting football fans against political authorities.Azmoun’s Omission from Iran’s World Cup Squad Amid Political TensionsThe Iran Football Federation announced that the 31‑year‑old striker, who plays for Shabab Al‑Ahli in the United Arab Emirates, is not part of the provisional list for the tournament in the United States. Coach Amir Ghalenoei cited “technical reasons” for the decision, but the timing coincides with:Azmoun’s Instagram post condemning the killing of Iranian women after the Mahsa Amini protests.A photo of him meeting Mohammed bin Rashid al‑Maktoum, a figure Tehran labels an antagonist.Public statements from the Iran Revolutionary Guard calling his actions “cooperation with Iran’s enemies.”Numbers Behind the Controversy: Goals, Caps, and Squad SizeAzmoun’s on‑field record underscores the sporting cost of his exclusion:57 goals in 91 appearances for the national team.He is the second‑most‑capped forward after Mehdi Taremi.At 31 years old, he remains one of Asia’s most experienced strikers.Iran’s provisional squad contains 26 players, leaving no room for a late‑season recall.Political Fallout: Social Media Statements and Government ReactionsThe episode has polarized Iranian society:TV pundit Mohammed Misaghi called Azmoun “unworthy of the national jersey.”Vice‑president Abdolkarim Hosseinzadeh urged the federation to reconsider, emphasizing national unity.The Revolutionary Guard’s Telegram post labeled Azmoun’s silence on “American and Zionist attacks” as betrayal.Meanwhile, Iran’s training camp has been moved from Tucson, Arizona, to Tijuana, Mexico, amid ongoing visa uncertainties for the team’s travel to the United States.Implications for Iran’s World Cup Campaign and Regional FootballExcluding a player of Azmoun’s caliber could affect Iran’s attacking options against New Zealand, Belgium, and Egypt. The decision also highlights the growing entanglement of sport and state politics, potentially influencing:Team morale and public support.International perception of Iran’s willingness to separate politics from sport.Future selection policies for players who voice dissent.Possible Paths Forward: Reinstatement or Continued ExclusionTwo scenarios loom:Reinstatement: If Ghalenoei yields to political pressure, Azmoun could be added before the final squad deadline, bolstering Iran’s attack.Continued exclusion: The coach may stick to his technical rationale, forcing Iran to rely on younger forwards and risking a less experienced lineup.Regardless of the outcome, Azmoun’s case underscores the delicate balance between athletic merit and political loyalty in Iranian football.
#Sardar Azmoun #Iran national team #World Cup 2026
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Sports May 26, 2026

Enhanced Games Rejects Claims of Mistaken World Record Timing

The Enhanced Games has dismissed online claims that a world record set in Sunday's event was mistak…
The Controversy Surrounding the Enhanced Games World Record The Enhanced Games has dismissed suggestions by online sleuths that a world record set in Sunday's event was mistakenly timed, calling them 'completely unfounded internet drivel'. The Event Details Some accounts on Instagram had noted that the Greek swimmer Kristian Gkolomeev appeared to touch the wall after his time of 20.81 seconds in the men's 50m freestyle flashed up on screen. That was 0.07sec quicker than the world record set by the Australian Cameron McEvoy in March, although it will not count for official purposes as Gkolomeev was using performance-enhancing drugs banned by the World Anti-Doping Agency and wearing an outlawed skinsuit. The Data Analysis Both the performance-enhancing drugs and the skinsuit are believed to give a boost of about 2%, according to the Briton Ben Proud, who finished second. An Enhanced Games spokesperson said its timing apparatus had been operated by Primetime Timing, 'a recognised, reputable, ISO certified system used in countless other international events and never questioned.' The Impact Analysis Any suggestions Kristian's time is illegitimate is disrespectful to his achievement, highly speculative, completely unfounded and largely internet drivel that we reject. The Enhanced Games spokesperson said that Primetime Timing had stood by their system. 'Our provider stands by the certification and integrity of their system. Enhanced welcomed USA Swimming certified Meet Administration Officials onsite who verified the operating system throughout the event.' The Prediction This is not the first time swimming timing systems have been questioned. During the 2008 Olympics, Michael Phelps's victory in the men's 100m butterfly was questioned due to the force applied to the touchpad and was subject to a protest from Serbia. One potential explanation for people querying Gkolomeev's time was that the clock was not quite synced correctly to the livestream.
#Enhanced Games #Kristian Gkolomeev #Cameron McEvoy
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Sports May 26, 2026

Is 3v3 the Future of Football? The FA's Bold Strategy to Revolutionize Youth Development

The Football Association is revolutionizing youth football by implementing a 3v3 format for under-7…
The Lead: A New Era for Youth FootballThe Football Association is making a significant shift in youth development by introducing 3v3 football for the youngest players (under-7s) starting next season. This bold move replaces the traditional 5v5 format and aims to create a more engaging, technically-focused version of the game that mirrors the unstructured "playground feel" many adults experienced in their childhood.The Technical Breakthrough: Why 3v3 Makes SenseAccording to John Folwell, the FA's head of grassroots coach development, 3v3 football offers numerous developmental advantages for young players. "At this age players are getting used to their body," explains Folwell. "You're developing your agility, your balance and coordination. But you're also getting to love the ball; 3v3 gives you lots and lots of touches on the ball, lots of dribbles, lots of 1v1s."The format eliminates goalkeepers and referees, addressing two common issues in youth football. In traditional 5v5 games, goalkeepers often spend significant time standing around, while squads of nine typically mean three or four players sit on the sidelines. By removing these elements, the FA aims to maximize participation and give children more ownership of their football experience.International Inspiration: Learning from European ModelsThe FA is not pioneering this approach but rather following successful models from other European nations. Norway and the Netherlands have implemented 3v3 formats for over a decade, while Germany has developed their own version called "Funino" that emphasizes passing with two sets of goals at each end.These countries have reported similar benefits: improved technical skills, greater player enjoyment, and better decision-making abilities. The FA hopes to replicate these positive outcomes while adapting the approach to English football culture.Impact Analysis: Changing Football CultureThe introduction of 3v3 football represents more than just a format change—it's an attempt to transform the culture surrounding youth football. Rachel Yankey, England and Arsenal legend and FA youth ambassador, sees it as a return to more organic play: "Three v three is a throwback to how we played when we were growing up. There wasn't a parent or a referee, it was just about playing and learning that social side."The format may particularly benefit girls in football, who often drop out during adolescence due to lack of confidence. Yankey notes: "This is a game that shows you can try something different. You don't have to always be told what to do."Additionally, the 3v3 format addresses parental pressure on sidelines. With multiple games happening simultaneously and parents positioned further from the action, the environment becomes less focused on performance outcomes and more on enjoyment and development.The Future Outlook: Challenges and OpportunitiesDespite the potential benefits, the 3v3 rollout faces resistance from some parents and coaches. The absence of goalkeepers has been a primary concern, with many questioning whether this format constitutes "real football." Coach Ryan Walker reports hearing comments like "it's just not football, is it?" during trials.Nevertheless, the 3v3 format is gaining popularity beyond youth development, with high-profile examples like Stormzy's 3v3 Merky FC Cup and Adidas featuring 3v3 games in World Cup commercials. This grassroots movement suggests that while the format may not replace traditional football, it could become an increasingly important complementary approach.As the FA implements this strategy, the success will likely be measured not just by technical development but by whether children continue to enjoy and stay engaged with football. If the 3v3 format can achieve this balance, it may indeed represent a significant step forward in youth football development.
#Football Association #3v3 football #youth development
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Lifestyle May 26, 2026

Emily Wilson's Translation Philosophy: Bridging Ancient and Modern Worlds

Emily Wilson's new book 'Crossing the Wine Dark Sea' explores the art of translation through classi…
The Lead Emily Wilson, renowned for her acclaimed translations of Homer's Odyssey and Iliad, presents a new collection of essays exploring the art and challenges of translation. Her work has become the standard English-language versions of these classics, praised for their conciseness and fluency. The Translation Philosophy Wilson's approach to translation occupies a middle ground between the "familiarisers" who prioritize accessibility and the "foreignisers" who emphasize preserving the strangeness of the original. She believes the tensions and complexities of the original should always remain legible, while also creating a reader-friendly experience. This balance is evident in her choice to use iambic pentameter for the Odyssey, honoring Homer's dactylic hexameters without being slavishly literal. Classical Insights The book delves into how the ancient world intersects with the modern, examining continuities in war, cruelty, and political turmoil while also highlighting important contrasts. Wilson critiques those who view antiquity as merely "a mirror in which we always find ourselves," arguing for a more nuanced understanding. Her analysis extends from classical authors like Aeschylus and Aristophanes to modern figures like Spike Lee and Boris Johnson, demonstrating the timeless relevance of these texts. Translating Sappho Wilson addresses the unique challenges of translating Sappho, whose work survives only in fragments. She compares it to "trying to get a sense of a whole Tyrannosaurus rex from one claw." While mostly admiring Anne Carson's version as "performance art on the page," Wilson finds it disembodied and stripped of same-sex desire. She challenges feminist readings that position male poets as metaphorically raping Sappho while female poets sing with her, instead emphasizing how Sappho's work "emphasise the isolation of the individual." Critiquing Other Translators Wilson doesn't shy away from criticism, applying tough-minded standards to fellow translators. She dismisses Robert Browning's version of Agamemnon as "arguably more difficult to understand than the Greek" and accuses Edith Hamilton of racism for "remaking ancient Greece in the image of an idealized United States." Even respected translators like Peter Green are found to be "oddly stiff" at times. She reserves particular scorn for "armchair classicists" who engage in snobbish gatekeeping, positioning herself as an accessible champion of the classics. The Sirens' Seduction One fascinating section explores Wilson's approach to translating the Sirens' scene in the Odyssey. She challenges the modern perception of Sirens as sexual temptresses, noting that Homer's Sirens are "cognitively tempting" bird-women whose seduction promises knowledge, not sex. Rather than referring to their "lips" as many translators do, Wilson uses "mouths," emphasizing their dangerous nature over any sexual appeal. Choosing "Complicated" Wilson details her decision to translate Homer's description of Odysseus as "polytropos" as "complicated," acknowledging it might sound stark but defending it as capturing the character's complexity. She admits nearly dropping the term after encountering "He's a complicated man" in Isaac Hayes's Shaft theme song but ultimately embraced it, dedicating ten pages to explaining her choice. The Future of Translation In a manifesto-like afterword, Wilson offers 20 rules for translators, emphasizing the importance of recreating the emotional impact of the original text. "If the original makes you laugh, cry, feel excited, get goosebumps, feel puzzled, get bored, be charmed," she advises, "then the translation should try to create those effects." She encourages experimentation and persistence, noting that there's always another way to say things and that future generations will undoubtedly develop new approaches to translation.
#Emily Wilson #Homer #Translation
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Environment May 26, 2026

Britain's Future in 2052: A World of Heatwaves and Climate Crisis

A thought-provoking article by Bill McGuire paints a vivid picture of what Britain might look like …
The Grim Reality of a Heatwave-Prone Britain If you think the temperature is uncomfortable today, let me take you to the last day of July 2052, where the rays of the climbing sun reveal a city still sweltering in the residual heat of the day before. From the air, London resembles a colossal refugee camp. Streets, gardens and parks are teeming with tents and cobbled-together shelters, within which the city’s residents have spent another uncomfortable night away from the heat traps that their houses and flats have become. After six days when the temperature peaked at about 40C, another scorcher is on the way. The Consequences of Inaction Half-hearted attempts to upgrade insulation across the country’s housing stock ran out of steam and cash decades earlier, and most homes still have few barriers to the infiltrating heat. Almost all the country’s electricity is now from renewables, which has brought the cost down, but the relentless onslaught of extreme weather has driven an ever-deepening economic depression across the world. Many now have air conditioning, but can’t afford to run it. The Data Analysis: A Future of Water Rationing and Food Shortages Water rationing across the south-east of England due to a succession of dry winters and a spring drought. Failed harvests at home in the previous two years, and massively reduced food imports, leading to the rationing of bread and other staples. Every hospital is overwhelmed as the incessant heat and humidity take their toll on vulnerable people, the old and the very young. The Impact Analysis: A Nation Unprepared The UK Climate Change Committee flagged last week in its latest report to the government that our country is not built to handle such heat and its all-pervasive ramifications. More than nine in 10 homes are not well insulated enough to keep out the heat, while by 2050 there is forecast to be a daily shortfall in water supply of 5bn litres. The Prediction: A Future of Increased Hardship Bearing in mind that we continue to pump out CO2 equivalent to the weight of 800,000 Titanics every year, and fossil fuel corporations are actively planning to expand operations, it is practically impossible for emissions reductions to happen fast enough to reduce the rate at which our world is heating. Consequently, 40C-plus mid-century heat in the UK is now baked in. We need, then, to face the fact that life in the 2050s is going to be very different from today, and act now.
#Climate Change #UK #Heatwaves
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Environment May 26, 2026

UK Experiences Record-Breaking Heatwave as Temperatures Soar to 34.8C

The UK has recorded its hottest ever May day with temperatures reaching 34.8C in London, as the cou…
The UK's Record-Breaking HeatwaveThe UK has recorded its hottest ever day in May, with an all-time high of 34.8C at London's Kew Gardens. Temperatures above 33C were recorded across the south-east of England, while Wales also provisionally broke its May temperature record. The heat is expected to persist through the week, with a 35C peak forecast on Tuesday.Impact on Daily LifeAs temperatures soar across the country, many are experiencing significant disruptions to their daily routines. The extreme heat is affecting everything from transportation infrastructure to workplace productivity and home comfort levels. People are being forced to make lifestyle changes to cope with the unprecedented temperatures.Community ResponseThe Guardian is reaching out to readers to document how they're experiencing and adapting to the heatwave. Through an interactive form, people can share their personal stories, challenges, and coping mechanisms. This community documentation will help create a comprehensive picture of how the UK is responding to this weather event.Climate ContextThis record-breaking heatwave occurs within the broader context of changing climate patterns. While individual weather events can't be directly attributed to climate change, scientists note that such extreme temperature events are becoming more frequent and intense globally. The UK's infrastructure, historically designed for milder summers, is facing new challenges.Future OutlookAs climate scientists continue to monitor these patterns, there are growing concerns about how the UK will adapt to increasingly frequent heatwaves. This event serves as both a current challenge and a preview of potential future conditions, prompting discussions about necessary infrastructure changes and public health adaptations.
#UK Heatwave #Climate Change #Weather Records
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