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The Lead: Streeting's Tax Equality ProposalFormer health secretary Wes Streeting has set out plans for a "wealth tax that works" by equalizing tax rates on income and capital gains in his pitch for the Labour leadership. Streeting argues the current system unfairly penalizes work while rewarding asset ownership, contributing to widening wealth and opportunity gaps in the UK.The Policy Details: Equalizing Tax RatesStreeting's proposal would mean capital gains tax rates mirror the three bands of income tax: 20%, 40%, and 45%. A person's capital gains tax band would be calculated by combining their income and profits from assets. He used the example of a woman in Lancashire who paid a higher rate of tax on her salary than her landlord paid for the growing value of her rented house."The system is penalising work. It's not fair and it's bad for our economy. We need a wealth tax that works. A pound made from simply owning assets should not be taxed less than a pound made from a hard day's work," Streeting told the BBC's Political Thinking podcast.The Financial Impact: Potential Revenue and Economic EffectsStreeting estimates his plan could raise up to £12bn a year. A 2024 report by the Centre for the Analysis of Taxation estimated that changing capital gains tax could raise £14bn. The proposal includes measures to protect genuine entrepreneurs with lower capital gains tax rates for those taking risks building companies.Streeting argues there is "a good pro-business, pro-growth, pro-productivity argument" in his proposals because the current system encourages investment in less productive businesses. He also called for closing loopholes that allow people to disguise income from work as capital gains, such as setting up personal service companies or taking pay in shares.The Political Context: Labour Leadership and Party UnityStreeting, who quit the Cabinet last week and called on Keir Starmer to stand down, warned in his resignation speech that Labour must change course or risk handing Reform UK power. He has the support of 81 MPs needed to launch a leadership challenge but decided not to proceed after learning that Greater Manchester mayor Andy Burnham had found a seat to stand in."It was clear that if we had been plunged straight into a leadership contest by me or for that matter, anyone else, I think it would have been seen as a deliberate attempt to get ahead of Andy Burnham's potential return," Streeting explained. "And if there's one thing that we need to do coming out of a change in leadership, it is to bring the tribes of the Labour party together."The Future Outlook: Potential Policy Shift and Party DirectionStreeting's tax proposal represents a significant potential shift in Labour's economic policy direction if he becomes party leader. By positioning himself as both "pro-worker" and "pro-entrepreneurialism," he attempts to bridge traditional divides within the party. His emphasis on fairness in taxation comes amid growing public concern about wealth inequality and the perceived advantages of capital over labor in the current tax system.The proposal will likely face scrutiny from both economic conservatives who may argue it could discourage investment and progressive elements who may push for more aggressive wealth taxation. Streeting's ability to unite different factions of the Labour party around his economic vision will be crucial in determining the party's direction and electoral prospects.

The Road to FIFA World Cup 2026 Egypt's head coach, Hossam Hassan, has announced the preliminary squad for the FIFA World Cup 2026, which will take place in the United States, Canada, and Mexico from June 11 to July 19. Liverpool's Mohamed Salah will lead the team as captain, supported by Manchester City's Omar Marmoush. Squad Selection Highlights The squad includes some notable inclusions and exclusions. Uncapped teenager Hamza Abdelkarim, who plays for Barcelona's under-19 team, has been included in the squad. On the other hand, Nantes forward Mostafa Mohamed has been left out. The Data Behind the Squad Mohamed Salah (Liverpool) - Captain Omar Marmoush (Manchester City) - Forward Hamza Abdelkarim (Barcelona U19) - Forward The Impact of Squad Selection The selection of Hamza Abdelkarim and exclusion of Mostafa Mohamed reflect the team's strategy to blend experience with youth. Mostafa Mohamed's omission is notable, given his recent form struggles with Nantes. The Road Ahead Egypt will play friendly matches against Russia and Brazil before heading to the World Cup. Their campaign begins against Belgium in Seattle on June 15, followed by matches against New Zealand, and Iran. Egypt's Squad for FIFA World Cup 2026 Goalkeepers: Mohamed El Shenawy (Al Ahly), Mostafa Shobeir (Al Ahly), El Mahdi Soliman (Zamalek), Mohamed Alaa (El Gouna) Defenders: Mohamed Hany (Al Ahly), Tarek Alaa (Zed), Hamdy Fathy (Al Wakrah), Rami Rabia (Al Ain), Yasser Ibrahim (Al Ahly), Hossam Abdelmaguid (Zamalek), Mohamed Abdelmonemn (Nice), Ahmed Fatouh (Zamalek), Karim Hafez (Pyramids) Midfielders: Marwan Ateya (Al Ahly), Mohanad Lasheen (Pyramids), Nabil Emad (Al Najma), Mahmoud Saber (Zed), Ahmed Zizo (Al Ahly), Emam Ashour (Al Ahly), Mostafa Ziko (Pyramids), Mahmoud Trezeguet (Al Ahly), Ibrahim Adel (Nordsjaelland), Haissem Hassan (Real Ovideo) Forwards: Omar Marmoush (Manchester City), Mohamed Salah (Liverpool), Aqtay Abdallah (Enppi), Hamza Abdelkarim (Barcelona U19)

EasyJet Reports Summer Booking Slump Amid Iran ConflictBudget carrier easyJet said its summer holiday bookings are lagging behind last year as the war between the US, Israel and Iran dampens consumer confidence, pushing many travellers to wait until the month of departure before booking.Fuel Cost Shock: £25m Unexpected Jet Fuel SpendThe airline disclosed an unplanned additional £25m jet‑fuel expense in March after the conflict began, although it confirmed no disruption to fuel supplies and maintains a four‑week visibility on fuel availability.Financial Fallout: £552m Pre‑Tax Loss for H1 2026Pre‑tax loss of £552m for the six months to 31 March, up from £394m a year earlier.Fuel hedging covers 72% of needs for the next six months, but short‑term hedging was paused due to “elevated near‑term fuel prices”.Seat capacity reduced by 0.3% after a March schedule review.Holiday package demand up 22% year‑on‑year in the six months to March.Broader Implications for European Low‑Cost CarriersThe situation mirrors warnings from Ryanair chief Michael O’Leary about the UK’s vulnerability to jet‑fuel shortages if the Strait of Hormuz remains closed. EasyJet’s decision to keep its full summer schedule and raise minimum fares reflects a sector‑wide push to protect margins while reassuring passengers.Outlook: Booking Behaviour and Fuel Hedging Strategy Going ForwardCEO Kenton Jarvis emphasized that the airline’s strong investment‑grade balance sheet positions it to manage the “near‑term uncertainty”. The carrier expects late bookings to remain positive but cautions that overall demand may stay below last‑year levels unless geopolitical tensions ease.

The Gritty Evolution of British Skateboarding A new photographic collection from The Guardian documents the raw and authentic evolution of UK skateboarding during the 1980s and 1990s. Unlike the polished American skate scene that dominated media at the time, British skate culture developed its own distinct identity characterized by rougher conditions, DIY ethics, and a unique social commentary through the lens of camera lenses. Documenting the Underground Movement The photography collection showcases how British skateboarders adapted to their urban environment, transforming mundane architectural elements into creative skate spots. With fewer dedicated skate parks compared to the US, UK skaters developed innovative techniques to navigate stairs, handrails, and other urban obstacles, creating a style that was both technically impressive and contextually unique to British surroundings. A Visual Contrast with American Skate Culture While American skateboarding of the era often presented a more commercialized and aspirational image, the UK scene captured in these photographs reveals a more authentic, working-class aesthetic. The images depict skaters in everyday locations, often in less-than-ideal conditions, highlighting the movement's roots in counter-culture and rebellion rather than corporate sponsorship. The Social Fabric of Skate Communities Beyond the technical aspects of skateboarding, the photographs reveal the tight-knit communities that formed around the sport in British towns and cities. These images capture not just the act of skateboarding itself, but the social dynamics, fashion, and music that surrounded the scene, providing a comprehensive cultural snapshot of a generation finding its identity through alternative sports. Legacy and Influence on Modern Skateboarding The influence of this gritty UK skate aesthetic can still be seen in contemporary skate culture, particularly in the emphasis on street skating and creative use of urban environments. As skateboarding continues to evolve, these historical photographs serve as an important reminder of the sport's authentic roots and the unique cultural contributions of the UK scene during its formative decades.

The Historic Triumph in IstanbulAston Villa ended their 30-year trophy drought in style as spectacular goals from Youri Tielemans and Emiliano Buendia inspired a 3-0 win against Freiburg in the Europa League final in Istanbul. Unai Emery's side took the lead late in the first half through Tielemans' thunderous volley, before Buendia increased Villa's advantage with a sublime curler seconds from the half-time whistle. Morgan Rogers' second-half goal finished off the outclassed Germans, sealing Villa's first silverware since the 1996 League Cup and their first major European prize for 44 years.Emery's European MasterclassVilla's long-awaited continental conquest was the latest Europa League masterclass for Emery, who has now won the tournament five times after victories with Sevilla in 2014, 2015 and 2016, and Villarreal in 2021. Emery said this week that he did not feel like the "king" of the Europa League, but his team's coronation received the royal seal of approval from Villa fan Prince William, who was celebrating with about 20,000 ecstatic supporters at Besiktas Stadium. Hollywood actor Tom Hanks, another famous Villa fan, joined the party, sending a good luck message to the team before kickoff.Club Renaissance Under EmeryThe Europa League triumph underlined Villa's impressive renaissance since Emery took charge in October 2022, with the club languishing just three points above the relegation zone. Emery called on his players and the club's hierarchy to match his desire to keep Villa in contention for silverware. "I am myself ambitious and of course I need support. The owners, everyone that works in the club. Development is everything," he said. "The players are following us. We are doing it together. But we must try to set this ambition, being clear and realistic. As a team, ambitious and improving. This is our next step."From Relegation Contenders to European ChampionsIt has been a memorable finish to the campaign for Villa, who sealed qualification for next season's Champions League with a win against Liverpool last week. Villa's success over the last six days would have been impossible to imagine when they started the season with a run of six matches without a win, scoring just twice in that dismal streak. Their maiden win this season came in the Europa League against Bologna, the first of 13 victories in 15 games in the competition that culminated in their ruthless demolition of first-time European finalists Freiburg.A New Era for Villa FootballDespite losing in the UEFA Conference League semifinals in 2024, and the Champions League quarterfinals and FA Cup semifinals last year, Emery was convinced Villa would eventually cast off their "nearly men" tag. The 54-year-old Spaniard's unshakeable faith has been rewarded. "We are getting stronger, but we are trying to be demanding. Next year we will play in the Champions League, and the Premier League is the most difficult in the world. This is the challenge," Emery stated. "It's fantastic. Europe gave us a lot. For myself as well. I'm always very grateful for Europe. For every competition but especially the Europa League."

The Concept of Enhanced Games The Enhanced Games is a controversial new sports event that allows athletes to take performance-enhancing drugs that are outlawed in official competitions. The event offers huge prizes to participate and 'break' world records. Event Details The event will take place on Sunday, May 24, at a specially built 2,500-seater arena at Resorts World in Las Vegas. As of now, 42 athletes will compete in the following events: Swimming: 50m and 100m freestyle, 50m and 100m butterfly. Track & field: 100m. Weightlifting: snatch, clean & jerk. Strongman: deadlift. There will be a post-event show from the Killers. Star Power Involved More than a dozen Olympic swimmers have signed up, including Britain's Ben Proud, Ukraine's Andriy Govorov, and Australian former 100m freestyle world champion James Magnussen. In track and field, the biggest name is the 2022 world 100m champion, Fred Kerley of the United States. Banned Substances Allowed The Enhanced Games allows athletes to take drugs approved by America's Food and Drug Administration (FDA), including: Testosterone and anabolics such as methenolone and nandrolone. Hormones and growth factors, such as human growth hormone and EPO. Metabolic modulators, such as meldonium, and stimulants, including Adderall. Justification and Criticism The Enhanced Games claims it is being more transparent by allowing athletes to take drugs administered by qualified professionals. However, Wada dismisses these claims, calling the event 'dangerous and irresponsible' and pointing out that the FDA-approved drugs are all on its banned list and may not be safe. Payouts and Records Athletes will receive yearly salaries, often three to five times what they would get from their national federations, as well as an appearance fee. For all events, there is a $500,000 prize pool, with the winner receiving $250,000 of that. If a winner breaks a world record, they receive an additional $250k, except in the two glamour events (the 50m freestyle and 100m sprint) where the prize is an additional $1m. Broadcast Information The Enhanced Games will be live streamed on Sunday evening local time through Roku across the US, and internationally on its YouTube channel.

The WHO World Health Assembly Spotlights a Growing Mental‑Health CrisisThe World Health Organization (WHO) convened in Geneva for its 79th World Health Assembly, placing mental health among over 75 agenda items. With >1 billion people—roughly one in eight worldwide—living with a mental condition, the assembly serves as a pivotal forum for scaling up services and funding.Key Prevalence Figures and Disorder ClassificationsWHO and DSM‑5 categorize mental disorders into mood, anxiety, psychotic, trauma‑related, and other groups. The most common disorders globally are:Depressive disorders: 694.6 per 100,000Anxiety disorders: 686.5 per 100,000Schizophrenia: 210.2 per 100,000Bipolar disorder: 94.6 per 100,000Eating disorders: 47.5 per 100,000Financial Landscape: Spending Gaps Across Income LevelsMedian government spending on mental health is only 2 % of total health budgets. Per‑capita spending varies dramatically:Low‑income countries: $0.04Lower‑middle‑income countries: $0.34High‑income countries: $65.89Regional Prevalence and the Suicide Epidemic2019 WHO data show the following regional prevalence rates:Americas: 15.6 %Eastern Mediterranean: 14.7 %Europe: 14.2 %Southeast Asia: 13.2 %Western Pacific: 11.7 %Africa: 10.9 %Suicide accounts for 740,000 deaths annually—one every 43 seconds. It ranks 17th among all causes of death, but is the 3rd leading cause for ages 15‑29 and 2nd for women 15‑29. Male suicide rates (12.8/100,000) are four times higher than female rates (5.4/100,000).Why the Numbers Matter: Policy, Equity, and Public Health ImplicationsThe data reveal three urgent challenges:Under‑funding: With only 2 % of health budgets allocated, many low‑ and middle‑income countries lack basic treatment infrastructure.Gender and age disparities: Women face higher anxiety and depression rates; young people bear a disproportionate suicide burden.Vulnerable populations: Refugees, Indigenous peoples, and LGBTQ+ communities experience elevated suicide risk.Addressing these gaps requires coordinated investment, culturally competent services, and targeted prevention programs.Looking Ahead: Scaling Up Treatment and Closing the Funding GapIf current trends continue, prevalence will keep rising, especially for anxiety disorders, which have grown >50 % since 1990. Experts predict that doubling global mental‑health spending to at least 4 % of health budgets could halve the treatment gap within a decade, reduce suicide rates, and improve overall productivity. The upcoming WHO resolutions aim to set measurable targets for service expansion, data collection, and cross‑sector collaboration.

Nvidia delivered another record quarter, beating Wall Street expectations and igniting fresh optimism for AI‑driven growth across Asian markets. Record Nvidia Quarter Fueled by AI Chip Demand The chip designer reported an 85% year‑on‑year revenue increase to $81.6bn for the three months ended April, marking its 15th straight quarter of topping forecasts. CEO Jensen Huang highlighted physical AI and robotics as the next growth frontier. Revenue Surge and Forecast Numbers Highlight Growth Revenue: $81.6bn (+85% YoY) Guidance: $91bn for the current quarter (vs. average market expectation of $86bn) Share reaction: down 1% in after‑hours trading Ripple Effect on Asian Equity Markets and Tech Giants The earnings beat lifted sentiment in Asia: the South Korean Kospi jumped 9%, while Taiwan’s index rose 3.3%, ending a four‑day decline. Shares of LG Electronics and Hyundai Mobis surged more than 20% after Huang’s remarks. Outlook: Sustainability of Nvidia’s Growth and Market Sentiment Analysts caution that maintaining such explosive growth will be challenging, especially as the company faces heightened expectations and competitive pressure. The market will watch whether Nvidia can translate its AI leadership into consistent earnings or if the current rally is a short‑term boost. Key Economic Calendar for the Day 9:00 BST – Eurozone flash PMI 9:30 BST – UK flash PMI 11:30 BST – UK Chancellor Rachel Reeves on cost‑of‑living measures 13:30 BST – US jobless claims 15:00 BST – Eurozone consumer confidence 16:00 BST – BoE Governor Andrew Bailey speech in Sheffield

Lead: Schools as a Pipeline to JoblessnessPeter Hyman, former adviser to Tony Blair and Keir Starmer, told the Guardian that the UK education system is acting as a “pipeline” to worklessness for a large cohort of young people. In launching the report Inside the Mind of a Young NEET, he called for urgent, radical reforms – including a ban on social media for under‑16s – to stop a “national scandal” of youth who are not in education, employment or training.Hyman’s Call for Radical Education ReformThe ex‑headteacher argued that the current system traps young people in a “rejection economy” where schools, employers and social‑media platforms all fail them. He urged ministers to overhaul curricula, increase vocational pathways, and create real‑world youth hubs that give teenagers alternatives to endless screen time.NEET Statistics Highlight a Growing Crisis12.8% of 16‑24‑year‑olds are classified as NEET in 2026, up sharply from post‑pandemic lows.Almost 1 million young people are currently NEET – the highest level in more than a decade.The NEET rate peaked at 16.8% in 2012 after the 2008 financial crash.The UK now has the third‑highest rate of NEETs among Europe’s richest countries.Broader Socio‑Economic ImpactAnalysts warn that the surge in youth joblessness compounds existing mental‑health challenges, creating a self‑reinforcing vortex of poverty, loneliness and economic shock. The report links the rise to a combination of factors – Covid‑19 disruptions, social‑media addiction, and a labour market that increasingly rewards experience that NEETs cannot obtain.Looking Ahead: Potential Policy ShiftsWith Alan Milburn set to publish a related government‑commissioned report next week, pressure is mounting for the UK to act. Possible outcomes include a statutory ban on social‑media use for children under 16, expanded vocational training programmes, and the establishment of community “youth hubs” that provide work experience and social connection. If implemented, these measures could curb the NEET surge and restore a clearer pathway from school to sustainable employment.