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The Plight of Yemeni Soldiers Inside a military facility on the outskirts of Marib, Yemen, soldier Suleiman al-Hajj sits beside two of his comrades in a sparse room where they spend most of their on-duty hours. Worry is etched on his face as he makes another call and sends a flurry of messages in search of a loan as another salary payment from the army is delayed. Financial Hardships in the Yemeni Army Army personnel earn 60,000 to 180,000 Yemeni riyals per month, roughly $38 to $116. However, the army receives a budget of roughly 36 billion riyals each month, about $23.2m, with about 17 billion riyals allocated to the Fourth Military Region based in Aden. Delayed Salaries and Its Consequences One officer told Al Jazeera that his soldiers last received their salaries in December, despite the government promising that any arrears would be paid by Eid al-Adha. The delayed payments highlight two clear challenges for the Yemeni military: one regarding the cost of living and another about how resources are distributed. Impact on Soldiers' Discipline and Morale Military affairs analyst Iyad al-Masqari believes the situation could compel soldiers to join irregular military formations, such as the Security Belts, where more regular payments would be guaranteed, leaving the army with a shortage of experienced fighters. Economic expert Mohammed al-Jamaei said the salary delays point to deeper problems within the army about how resources are distributed. Government's Justifications and Future Prospects The Defence Ministry has previously blamed the issue of arrears on financial constraints, citing liquidity shortages, declining resources and complications in the distribution of salaries. Until then, soldiers in Marib and other front-line cities are fighting not just on the battlefield but also against poverty, testing soldiers' abilities to continue their duties.

The Call for Rent Controls The Institute for Public Policy Research (IPPR), a thinktank close to the Labour government, is urging ministers to introduce private sector rent controls in England to ease the surge in living costs caused by the Iran war. The Proposed 'Double Lock' Rent Cap The IPPR has published a paper calling for a rent 'double lock', which would link rent increases to either wages or inflation, depending on which was lower. This would also apply to new tenants moving into a property. The proposed cap would be based on the 12-month average of either consumer price inflation or wage growth, whichever is lower. Any new building would be exempted from the cap for the first 10 years to encourage developers to continue building new homes. A landlord who has done extensive work on their property would also be allowed to raise rents beyond the cap. The Financial Impact The IPPR has calculated that 2.4 million people in the UK now have unaffordable rents, meaning it costs more than 30% of their gross income. This number is expected to rise by another 340,000 by the end of the decade. The thinktank's plan would also involve increasing housing benefit to cover the cheapest 30% of rents, costing an additional £600m a year. The Impact Analysis The proposed rent cap aims to help millions of people struggling with unaffordable housing costs. The IPPR's extensive links inside government will increase pressure on ministers to include the idea in a cost of living package to be announced by Rachel Reeves later in May. The Prediction If implemented, the 'double lock' rent cap could help keep housing costs low and reduce the number of people struggling with unaffordable rents. However, academics have noted that rent controls can have mixed success, and rents on properties not covered by the cap may rise more quickly than they otherwise would have done.

The Lead: Mortgage Affordability CrisisUK homebuyers are facing the worst mortgage affordability pressures for almost two decades, with initial mortgage repayments typically consuming more than a fifth (21.3%) of a homebuyer's gross income – the highest level since 2008. This financial strain is not evenly distributed across the country, with significant regional variations in affordability challenges.The Affordability Data: A Nationwide SqueezeAccording to UK Finance, the banking industry body, the current affordability crisis stems from a combination of high property prices and elevated borrowing costs. The data, which relates to 2025, doesn't yet account for the economic turmoil unleashed by the Iran war, which has further pushed up mortgage costs. Many new borrowers now face paying hundreds or even thousands of pounds more annually than before the conflict began.Regional Disparities: The Affordability DivideThe headline figure masks significant regional differences in mortgage affordability. The least affordable areas are north Norfolk and the west London borough of Hillingdon, where homebuyers typically spend over a quarter of their gross income on repayments (25.7% and 25.1%, respectively). Eight of the ten least affordable places are in the London commuter belt, including Luton (24.9%), Slough (24.8%), Broxbourne (24.4%), and Harlow (24.2%).At the other end of the scale, seven of the ten most affordable local authority areas are in Scotland. East Ayrshire and Inverclyde top the list, with average homebuyers committing just 17% of their gross income to mortgage repayments. Surprisingly, the City of London ranks as the third most affordable area, which UK Finance attributes to the fact that those who can afford to buy there typically belong to the highest-earning income brackets.Market Impact: Resilience Amidst ChallengesDespite sustained affordability pressures, 2025 proved to be a year of robust activity in mortgage borrowing. The number of mortgages advanced for house purchase reached 723,000 – an impressive 17% increase on 2024. This resilience suggests that while affordability is challenging, demand for homeownership remains strong.James Tatch, head of analytics at UK Finance, emphasized that the pain of affordability pressures is not felt equally across the country. "Property prices, wages and demographics vary greatly across and within regions. All of these have an impact on affordability," he noted.Future Outlook: Navigating Economic UncertaintyThe mortgage landscape has been volatile, with borrowers initially benefiting from cheaper home loans before the Iran war disrupted this trend. The conflict led to numerous fixed-rate mortgage deals being pulled and repriced upward. However, recent weeks have shown a gradual downward trend in fixed-rate mortgage pricing, offering some relief to potential buyers.As economic conditions continue to evolve, the mortgage market will likely remain sensitive to geopolitical events and interest rate decisions. The regional disparities highlighted by this data suggest that housing policies may need to address these localized affordability challenges rather than adopting a one-size-fits-all approach.

The Strait of Hormuz Standoff Exchanges of fire between Iran and the US demonstrate the serious instability of the situation in the Middle East. Though the US strikes late on Thursday were just “a love tap”, according to the US president, Donald Trump, the reality is that neither side can continue the high-stakes standoff in the strait of Hormuz indefinitely. Iran's Resilience Iran retains the ability to threaten and inflict damage on tankers passing through the strait of Hormuz and effectively halt all other shipping. More than 1,550 vessels remain trapped in the Gulf, while on Wednesday and Thursday no merchant ships transited the strait, according to S&P; Global Market Intelligence. The US Blockade Diplomats who have dealt with Iranian negotiators complain that Tehran loves to act as if it has endless time. It does not. The parallel US blockade to the east of the strait, where two US carrier strike groups are now operating, also prevents Iran from exporting its crude. US Central Command has turned back 52 vessels since 13 April – and there are reports from within Iran of rising inflation, unemployment and unpaid wages. The Impact on Iran Iran has no close allies at this moment of isolation. China is believed to be supplying drone parts, similar to its help to Russia, and there have been reports that it may try to covertly send Tehran handheld air defence systems, but this is basic defensive weaponry. The Future Outlook Trump, however, is fickle and impatient. The US president has the political problem of needing to resolve an economic crisis he essentially created – while showing progress on the nuclear issue. Higher inflation is already affecting large parts of the world economy, and the impact of oil shortages is particularly acute in Asia. It is an unstable outcome, and still, two sets of militaries face each other, locked and loaded.

The Quest for a Winless, Point‑Free Season While point deductions are a common way for clubs to end a campaign on zero, a far smaller group have hit the rock bottom purely by losing every single fixture. The Guardian’s Q&A; explores which sides have actually finished a full season with 0 points on the books. Record‑Breaking Zero‑Point Campaigns Across the Globe Antigua Barracuda – 2013 United Soccer League (USL) season: 26 matches, 0 wins, 0 draws, 0 points. The club operated on a shoestring, with unpaid players and long minivan trips to games. Woodford United – Southern League Division One Central, 2012‑13: 42 league defeats, 0 points. Budget cuts forced youth coaches to field a makeshift squad, resulting in a record 185 goals conceded. Longford AFC – Gloucestershire Northern Senior League Division Two, 2015‑16: 30 losses, 0 points. Even a cameo from former England star Stuart Pearce could not spark a goal. Gibraltar Phoenix – Gibraltar Premier Division, 2013‑14: 14 games, 0 points in the league’s inaugural UEFA‑recognised season. Grêmio Barueri – Campeonato Paulista, 2016: 19 matches, 0 points despite playing in a 31,000‑seat stadium. Glasgow Women FC – Scottish Women’s Premier League, 2022‑23: 22 defeats, 0 points, 6 goals scored. Billericay Town Women – Women’s National League Southern Premier Division, 2022‑23: 0 points in a similar fate. Yeni Malatyaspor – Turkish TFF First League, 2022‑23: 38 straight losses, 0 points amid financial collapse. Numbers That Define the Infamy The raw statistics underline the severity of these campaigns. The longest winless streak recorded in the list is 42 matches (Woodford United), while the highest goals‑against tally sits at 185 in the same season. In the United States, the 26‑game USL season of Antigua Barracuda remains the only professional league where a club finished with a perfect loss record. What Zero‑Point Seasons Reveal About Club Viability Across continents, the common thread is financial distress. Unpaid wages, inadequate travel budgets, and stadiums that outsize the fanbase all contributed to on‑field collapse. These seasons often trigger relegation, loss of league licences, or outright dissolution, highlighting how fragile lower‑tier football ecosystems can be. Will Modern Football Prevent Another Point‑Free Year? Governance reforms—stricter licensing, financial fair‑play checks, and emergency funding mechanisms—aim to stop clubs from reaching such extremes. However, as long as revenue gaps persist between elite and grassroots levels, the risk of another zero‑point season remains, especially in leagues with limited oversight.

The End of Britain’s Comfortable Retirement DreamBritain’s long‑standing model of a secure, leisure‑filled retirement – built on state pensions, generous occupational schemes and rising life expectancy – is now under pressure as demographic, economic and policy shifts threaten the “golden age” of retirement.From Post‑War Pension Prosperity to Modern AusterityAfter World II, the universal state pension introduced by the Attlee government, expanding occupational pensions and booming home‑ownership created a generation of retirees who could enjoy early retirement, travel and lifelong learning. The 1960s‑80s saw the rise of package holidays, the Open University and the University of the Third Age, while full employment and a free NHS underpinned rising healthy life expectancy.Numbers That Reveal a Changing Landscape1909: Britain introduced an old‑age pension for the poorest, age 70.2003: For the first time, the proportion of pensioners in relative poverty fell below the national average.2007‑08: Global financial crisis caused pension fund values to plunge, exposing the risk of private‑pension reliance.2020s: Defined‑contribution schemes now dominate, with many younger workers facing pension pots that are “nowhere near enough” for a comfortable retirement.Why the Retirement Contract Is FracturingThe shift from defined‑benefit to defined‑contribution schemes, combined with stagnant wages, high housing costs and rising student debt, has turned retirement into a contested political issue. Baby‑boomers are portrayed as a “selfish” generation in works such as David Willetts’s The Pinch, while Generation X faces lower pension entitlements and a likely decline in pensioner incomes as they enter the labour market.Advocacy groups like Age UK and the National Pensioners Convention have kept older‑people’s rights on the agenda, but inter‑generational tensions are deepening, especially after Brexit and the Covid‑19 pandemic.What the Next Decade May Hold for British RetireesResearch from the Social Market Foundation suggests that retirees of the 2030s will have smaller pension pots than the boomers, relying more on housing wealth. Without substantial policy reform, many will need to work into their 60s or 70s, or turn to the “FIRE” (Financial Independence, Retire Early) movement. Future reforms will need to blend work, care, learning and leisure, and leverage technology to sustain living standards without compromising the planet.

The BBC's Deepest Cuts in 15 Years The BBC's news operation is to cut costs by a steeper-than-expected 15%, with staff told to expect heavy redundancies. The division, home to about a quarter of all BBC staff, is being saddled with one of the highest cost-cutting targets as the corporation attempts to cut as many as 2,000 jobs in the biggest downsizing of the public service broadcaster in 15 years. The Impact on BBC News Staff at divisions across the BBC are being informed of the level of cuts, with details to be announced in June, and those affected to be told in September. During a video meeting held with BBC News staff, understood to have been attended by about 300 employees, staff were told to expect significantly deeper cuts than the 10% pan-BBC target. The Financial Implications The corporation spent £324m on news and current affairs in the year to the end of March 2025, with a significant proportion of that accounted for by wages, according to the BBC's latest annual report. Richard Burgess, the director of news and content, said on the video call that the entire news division can expect to have to make cost cuts of “around 15%”, with job cuts a major focus. The Future of BBC News Among employees, especially those involved in broadcasts away from studios, there is speculation there may be a push to introduce mobile journalism kits to reduce the use of relatively expensive satellite vehicles and dedicated crews. The BBC has already implemented cost-saving measures, including reducing travel by 40% and significantly tightening spend on consultants, conferences, events and awards. The Leadership Change The development comes as Matt Brittin, the former top Google executive, takes over as the corporation's new director general from 18 May. His appointment came after the resignation of Tim Davie in November after highly contested claims of bias were made by a former adviser to the corporation.

The Exhibition Unveiled: ‘Genuine Fake Premium Economy’ Genuine Fake Premium Economy opens at the ICA in London, presenting a bitter, resentful take on the post‑2008 financial world through the eyes of three mid‑80s American artists. Artists and Their Financial Critique The trio—Jenna Bliss, Buck Ellison and Jasmine Gregory—use video, light‑box ads and portraiture to lampoon banking, luxury and the myth of meritocracy. Jenna Bliss: shaky skyline footage with captions like “We survived Y2K but now the real world source code is malfunctioning”. Buck Ellison: fictional wealth advisory Orlo & Co paired with classical paintings and slogans such as “In the hands of the few, for the good of the many”. Jasmine Gregory: luxury‑watch ads stripped of watches, exposing inheritance and the looming cost of everyday life. Numbers Behind the Show Venue: ICA, London Run dates: 1 May – 5 July 2026 Opening hours: 10 am–6 pm, weekdays Why This Resonates with a Generation The exhibition channels millennial anger at a system that promised “boundless possibility” before the 2008 crash and delivered “stagnant wages, soaring bills and record‑breaking oil profits”. It translates abstract economic grievances into visceral visual language, making the critique accessible beyond art‑world insiders. Looking Ahead: Art’s Role in Financial Discourse As younger audiences demand transparency, shows like this may spur more institutions to program work that interrogates wealth, privilege and systemic risk. Expect a rise in data‑driven installations and collaborations with economists, turning galleries into forums for public debate.

Growth Promises vs. Living‑Standard RealityNew Democracy entered government in 2019 pledging a 4% annual growth rate and higher living standards after a decade of austerity. Five years on, Greece boasts one of the highest growth rates in Europe, but Eurostat data shows Greek workers still rank second‑lowest in annual salaries within the EU, trailing only Bulgaria.Living‑standard index rose from 65.5% to 68.5% of the EU average (2019‑2024).Unemployment fell to 8% from 18%.Public debt reduced by 30 points. Wage Increases and Tax Cuts Under New DemocracyThe government delivered on headline promises:Minimum wage restored to 920 € per month (up from 580 €) and slated to reach 950 € in 2027.Average monthly wage now 1,516 € (≈ $1,777).Income‑tax brackets cut by two points, with an additional two‑point reduction per dependent child; workers under 25 pay no tax until earnings exceed 20,000 €. Numbers Reveal Stagnant Purchasing PowerDespite nominal gains, real wages have slipped:Real incomes fell by roughly one‑third over the past 15 years.Inflation consistently outpaced wage growth, eroding purchasing power.Collective‑bargaining coverage dropped below 20%, far short of the EU‑mandated 80% threshold. Structural Weaknesses Undermining Greek LabourTwo systemic issues exacerbate the gap between growth and wellbeing:Small‑enterprise dominance: ~90% of employment is in firms with ≤10 employees, limiting the reach of sectoral wage agreements.Under‑reporting of work‑related fatalities: official count of 51 deaths in 2023 versus independent estimates of 179, with sectors employing many migrants (construction, agriculture, tourism) most affected.Legislation allowing up to 13‑hour workdays increases safety risks and fatigue‑related accidents. What the Next Five Years May Hold for Greek WorkersAnalysts warn that if current trends continue, Bulgaria could overtake Greece in wage rankings within two to three years. To reverse the trajectory, Greece will need:Broadening collective‑bargaining coverage to meet EU standards.Targeted policies that align wage growth with inflation.Enhanced occupational‑safety enforcement, especially for migrant‑heavy sectors.Without such measures, the paradox of high growth paired with persistent poverty is likely to deepen, fueling social discontent and political pressure on the Mitsotakis administration.