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Economy Apr 07, 2026

UK pushes to auto‑release £1.5 bn in dormant child trust funds when holders turn 21

Around 758,000 young adults in Britain are missing out on unclaimed Child Trust Funds worth an esti…
When Elle Middlemas turned 18, she began wondering whether she owned a Child Trust Fund (CTF) – a government‑backed savings account created for children born between 1 September 2002 and 2 January 2011. Her search hit a dead end; she could not confirm if she was entitled to any money and an email to HMRC yielded no response.Middlemas, a Whitby college student, explained that the loss of her mother at age 11 left her with little guidance. “My sister is 21 and spent three years looking for a fund and found nothing, so we assumed we didn’t have one,” she said, expressing the frustration felt by many of her peers.She and her sister are part of an estimated 758,000 people aged 18‑23 who have unclaimed CTFs. Collectively, these dormant accounts hold roughly £1.5 bn, a substantial sum that disproportionately belongs to low‑income families who are often unaware of its existence.Advocates are now pressing the government to automatically release CTFs when holders reach 21 years of age. Experts estimate that such a policy could inject up to £286 m directly into the pockets of young people who need it most.Middlemas finally learned of her entitlement after a conversation with a friend’s parent six months after her birthday. She discovered the Share Foundation, a charity that helps reconnect youths with their funds, and located a NatWest account bearing her name.“I had £700 sitting in my bank and thought, ‘What is going on?’ My sister also had one but never knew how to access it,” she recalled. The sisters plan to use the money to support university expenses and repay debts, underscoring the tangible impact of the scheme.The CTF programme was launched by the Labour government in 2005 to encourage parental savings. Every child received a £250 government contribution, with an additional £250 for those from low‑income families or in local authority care. Parents could add up to £9,000 per year, and any investment gains accrued until the child turned 18.If a parent failed to open an account within 12 months of birth, HMRC would create one on the child’s behalf. Today, the average value of a CTF stands at about £2,200.More than two‑thirds of the six million original recipients are now over 18 and eligible to claim their funds, with HMRC‑allocated accounts representing 28 % of all CTFs.Geographically, the North‑East of England has the highest concentration of HMRC‑allocated accounts, totalling £48 m. Across the UK, youths from the most disadvantaged 15 % of families hold accounts averaging £2,900 in value.Gavin Oldham, chief executive of the Share Foundation, warned that the scheme is hampered by poor communication, limited financial education, and “policy neglect”. He indicated the charity is considering a judicial review to compel the government to release the unclaimed assets.Oldham noted that the charity has already linked “well over 100,000 accounts to young adults”, yet the “sheer quantum of these unclaimed accounts remains a major problem”.“It is strange to find a government which expresses concern over youth poverty while doing so little to deliver on a groundbreaking scheme,” Oldham added.The charity’s proposal to release HMRC‑allocated funds automatically at 21 would free roughly £500 m, including £350 mOldham cautioned that a legal challenge, while potentially successful, could delay payouts for years, leaving vulnerable youths “denied their birthright for far too long”.Beyond immediate release, the Share Foundation is urging the creation of a new, targeted scheme for low‑income youths that embeds a financial‑awareness component, allowing participants to top up their funds through education‑linked incentives.Labour MP Laura Kyrke‑Smith echoed these concerns, describing the CTF system as “confusing and opaque” and calling for proactive tracing of account holders and clearer public information.HMRC responded that it is “directly sending every eligible young person information to help them find their child trust fund”, while also raising awareness via social media, broadcast interviews, and an online tracing tool. The agency added that banks, building societies, and investment firms managing the funds share responsibility for communicating with account holders.
#Child Trust Fund #UK Government #Department for Work and Pensions
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Economy Apr 07, 2026

Global Economies Exposed: How the Iran War Reveals Dependence on Fossil Fuels

The ongoing Iran war has highlighted the world's continued dependence on fossil fuels, with oil pri…
The Iran war has laid bare the world's reliance on fossil fuels, with oil prices reaching $110 a barrel and potentially rising to $150. This has significant implications for global food security, with food prices expected to leap further due to a fertiliser supply crunch.The UN climate chief, Simon Stiell, noted that fossil fuel dependency is 'ripping away national security and sovereignty and replacing it with subservience and rising costs.' The world's top emitters are divided into two camps: those pursuing a low-carbon future and those determined to exploit their fossil fuel reserves.China, the world's biggest emitter, is leading the charge for an electrified future, with renewables growing at record levels and clean energy driving a third of its GDP growth. India has also set ambitious targets, aiming to generate 60% of its electricity from low-carbon sources by 2035.In contrast, countries like the US, Russia, and Saudi Arabia are benefiting from high fossil fuel prices, with the US oil and gas sector set for a $60bn windfall. The US under Trump stands out as a paradox, with emissions falling until last year but now facing a potential rollback of climate protections.The war in Iran has also highlighted the need for a global transition to clean energy. As John Kerry noted, 'The future is being able to harness the power of electrons and send them where we need them, and use them where and when we need them.' Reducing methane emissions could cut temperatures by 0.3C by the 2040s, and a mandatory methane agreement may be necessary to avoid the worst impacts of climate change.
#Iran #OPEC #Saudi Arabia
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World Economy Apr 07, 2026

Vietnam gig workers' earnings slashed as Iran‑linked fuel price surge doubles diesel costs

Rising fuel costs triggered by the Iran‑related blockade of the Strait of Hormuz have forced Vietna…
Vietnam’s gig‑economy is under pressure as fuel prices soar following the Iran‑related blockade of the Strait of Hormuz. Nguyen, an e‑hailing driver in Ho Chi Minh City, reported that a 7‑hour shift earned him 240,000 VND (≈$9.11) while fuel alone cost 120,000 VND (≈$4.56), wiping out half his income.Diesel prices have more than doubled and petrol has risen by almost 30 %, straining riders who rely on motorcycles – the dominant transport mode in a city of over 7 million two‑wheelers.In response, Prime Minister Pham Minh Chinh announced a temporary suspension of the environmental tax on diesel, petrol and aviation fuel until 15 April, a move that will forfeit an estimated $273 million in revenue but aims to curb the price surge.Experts warn the shock highlights Vietnam’s vulnerability to external conflicts. Nguyen Khac Giang, a visiting fellow at the ISEAS‑Yusof Ishak Institute, said the tax cut is essential to “keep macro‑economic stability intact” amid “turbulence outside Vietnam”.Beyond gig workers, the ripple effect reaches public transport and airlines. Bus operators have raised fares by 3,000 VND (≈$0.11) yet still face losses, while Vietnam Airlines and Vietjet have trimmed flight schedules.Gig workers lack collective bargaining power. Do Hai Ha, a University of Melbourne research fellow, noted that platform drivers “have no chance to negotiate with the platforms” and are excluded from minimum‑wage or overtime protections, forcing many to work longer hours for diminishing returns.Small‑scale entrepreneurs are also feeling the pinch. A fisherman from Binh Thuan reported that his catch price fell from 800,000 VND (≈$30) to 650,000 VND (≈$24) as fuel costs climbed, while a bus fare collector on route 13 said the company cannot absorb the higher fuel bill despite modest fare hikes.Households are cutting back on essential goods. Uyen Pham of Saigon Children’s Charity observed that the price of bottled cooking gas has nearly doubled, prompting low‑income families to revert to wood‑fuel stoves and limit travel to see relatives.The crisis is prompting a strategic rethink on energy policy. Giang warned that Vietnam’s reliance on just two refineries – which currently meet only 40 % of national petrol demand – is unsustainable, urging accelerated investment in domestic refining capacity.Corporate responses are already shifting. Vingroup, the country’s largest conglomerate, announced it would pause a planned LNG‑fired power plant and redirect funds to renewable projects, citing “significant risk of high fuel prices” linked to the war.For workers like Duy, who runs a café near a petrol station, the tax suspension offers modest relief: projected price cuts of about 25 % for petrol and 5 % for diesel could ease daily expenses that had briefly doubled.
#vietnam #prices #fuel
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Sports Apr 06, 2026

USMNT Striker Patrick Agyemang Injured in Derby County Match

USMNT striker Patrick Agyemang suffered an apparent non-contact injury during a Derby County match,…
USMNT striker Patrick Agyemang was forced to leave Derby County's match on a stretcher after sustaining an apparent non-contact injury. The incident occurred in the 37th minute when Agyemang rose to settle a ball with his chest, landed awkwardly, and collapsed to the ground.Photographs from Pride Park showed Derby medical staff tending to his left ankle. Play was stopped for five minutes before Agyemang was stretchered off and replaced by Jaydon Banel, who scored the opening goal to boost Derby's chances of promotion.Derby manager John Eustace provided an update on Agyemang's condition, stating that he had gone off for a scan and that the team would wait for the results. "It's not [nice to see]. We don't want to lose any players. We don't want to see any players coming off on a stretcher. Hopefully, it's not as bad as what it might be. Until we get the scan results, we'll have to wait and see."The injury comes at a critical time for Agyemang, who debuted for the United States under manager Mauricio Pochettino. The 25-year-old had a strong first season in the Championship after joining from Charlotte FC in July, scoring 10 goals and adding three assists in 36 league appearances.Agyemang had also been a regular in Pochettino's squads, joining Folarin Balogun and Ricardo Pepi on the roster for the recently concluded March window. He was the only striker of the trio to score in the US's 5-2 rout against Belgium after a Pepi interception.
#Patrick Agyemang #USMNT #Derby County
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Business Apr 06, 2026

Dozens of Companies at Risk of Losing B Corp Status After Standards Overhaul

The B Corp certification process has been overhauled, raising standards for companies to qualify. D…
The B Corp certification, a coveted ethical status for companies, has undergone its biggest overhaul in 19 years. B Lab, the organisation behind the certification, has raised the standards required to qualify, putting dozens of companies at risk of losing their status. Previously, companies could make up for poor performance in one area by scoring highly in another. However, the new system requires companies to meet 'non-negotiable' standards in every one out of seven categories, with attainment verified by a third-party audit. The overhaul has been partly motivated by changes to EU law that require companies boasting of any ethical standard, including B Corp status, to be rubber-stamped by an external organisation. Sources familiar with the process said that some of the 10,000 companies that have the status will need to improve ethical standards to recertify, which they must do every three years. Analysis by the Guardian of the publicly available B Corp database suggests hundreds are already at, or close to, the 80-point threshold required, even under the old, less onerous system. Of more than 2,000 UK B Corps, more than 60 score exactly 80 points, including the Kent-based digital marketing agency Sleeping Giant Media and VoucherCodes, a website that provides details of discount offers from leading brands. Larger companies will face more extensive requirements under the new standard, including declaring their tax policies and setting science-based emissions targets across all areas of the business. One source said the changes could even affect companies that now score highly, such as the private bank Coutts, which has a score of 107.6 and does not have to recertify until 2028. B Lab UK said: 'Our goal is not for every business to become a B Corp, but for every business to behave like one.'
#B Lab #Patagonia #Ben & Jerry's
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Sport Apr 06, 2026

Veteran England captain Courtney Lawes set to re‑join Premiership after two‑year stint with Brive, restoring England eligibility

Former England captain Courtney Lawes will leave French side Brive at season’s end to return to the…
Courtney Lawes, the 37‑year‑old former England captain, is slated to return to the English Premiership after completing two seasons with French club Brive. His departure will be announced at the close of the 2025‑26 season.Lawes, who retired from international rugby following the 2023 Rugby World Cup, moved to France after helping Northampton Saints clinch the 2023‑24 Premiership title. During his 17‑year tenure at Saints, he secured two Premiership championships and two European Challenge Cup trophies.While the specific English club he will join remains undisclosed, the move would render him eligible once again for England selection. Brive’s management expressed support for his decision, noting the club’s appreciation for his contributions.Brive president Thierry Blandinières praised Lawes, stating: “We are very proud to say that Courtney Lawes will have been a Brive player for two seasons. He arrived here with humility and ambition and has shown the full extent of his talent since his first day in Brive.” The club added that Lawes is “one of the legends of world rugby and one of the best back‑row forwards of his generation.”Lawes’ international résumé includes 105 caps, three Six Nations titles, and participation in four Rugby World Cups. He was part of the England side that finished runner‑up in 2019 and secured third place in 2023.Reflecting on his time in Corrèze, Lawes said: “I’m having an experience in Brive that I’ll never forget, both on and off the pitch. I’m going to give it my all until the end of the season to finish this adventure with CAB in the best possible way. My family and I have been very warmly welcomed in Corrèze and we will always have Brive at heart.”
#brive #lawes #his
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Technology Apr 06, 2026

Boötes Constellation Rises to Prominence in Northern Spring Sky

The Boötes constellation, also known as the herdsman, is becoming visible in the eastern sky after …
As the northern hemisphere welcomes spring, the constellation of Boötes, the herdsman, is rising to prominence in the eastern sky after dusk. This celestial display is a treat for stargazers, with the constellation's brightest star, Arcturus, shining brightly.A chart showing the view looking east from London at 21:00 BST on 6 April illustrates the optimal viewing conditions. By this time, the darkness is complete, and Arcturus, the fourth-brightest star in the night sky, is easily visible.To locate Boötes, start with the familiar shape of the Plough and follow the curve of its handle downwards in an arc until you reach the orange glow of Arcturus. This method makes it easy to find the constellation in the night sky.Boötes is one of the original 48 constellations defined by Ptolemy in the second century. However, its origins date back thousands of years to ancient Babylon, where it was associated with the god Enlil. In Greek tradition, Boötes is often identified as a herdsman or ploughman, with various mythic tales surrounding his role as a protector of rural life.During this time of year in the northern hemisphere, Boötes rises during twilight and becomes well-placed for observation by late evening. Conversely, from the southern hemisphere, Boötes appears low in the northern sky.
#tes #northern #sky
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World Apr 06, 2026

Trump Sets Tuesday Night Deadline for Iran to Reopen Strait of Hormuz, Threatens Power Plants and Bridges

President Donald Trump warned Iran that the Strait of Hormuz must be reopened by Tuesday night or U…
President Donald Trump issued a stark warning on Sunday, giving Tehran until Tuesday night to reopen the Strait of Hormuz or face U.S. strikes on Iranian power plants and bridges. The message, posted on his Truth Social platform, was laced with profanity and a deadline of 8:00 P.M. Eastern Time. Iran’s parliament speaker, Mohammad‑Bagher Ghalibaf, responded on social media, accusing the United States of “reckless moves” that would set the entire region ablaze and turn it into “living hell.” The latest escalation follows the rescue of a second U.S. crew member from a downed F‑15E fighter that crashed in southwestern Iran, an operation that saw American special forces and Iranian troops racing against each other in mountainous terrain. Trump has repeatedly shifted the deadline for Iran, extending it at least twice. In his expletive‑laden post he warned, “Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH!” Financial markets reacted instantly: the U.S. benchmark West Texas Intermediate rose 1.86 % to over $112 per barrel, while Brent crude climbed above $110. The surge underscores how geopolitical flashpoints can quickly translate into higher energy costs for consumers worldwide. Trump also hinted at a possible diplomatic breakthrough, telling Fox News there was a “good chance” of an agreement on Monday. Yet he added, “If they don’t make a deal and fast, I’m considering blowing everything up and taking over the oil.” Legal scholars warned that targeting civilian infrastructure would breach the Geneva Conventions. Yale professor of international law Oona A. Hathaway noted that the president offered no justification to reclassify power plants, bridges, or steel factories as legitimate military targets, and that any such attacks would likely constitute war crimes. Iranian authorities estimate that the ongoing U.S.–Israeli campaign has damaged roughly 81,000 civilian sites, including 61,000 homes, 19,000 commercial facilities, 275 medical centres, and nearly 500 schools. Israeli Prime Minister Benjamin Netanyahu claimed that the coalition has destroyed about 70 % of Iran’s steel production capacity, citing its alleged use in missile manufacturing. In retaliation, Iran has intensified attacks on Gulf shipping and infrastructure. Over the weekend Iranian drones struck a petrochemical complex in Bahrain, igniting thick black smoke, and hit multiple Kuwait Petroleum facilities, causing fires and “significant material losses” at power and desalination plants. The most dramatic recent strike was the demolition of Iran’s unfinished 136‑metre B1 suspension bridge, a $400 million project meant to link Tehran and Karaj. The attack killed 13 people and injured 95, prompting the bridge’s engineer to lament the loss of a symbol of national pride. Trump posted a video of the bridge’s destruction, framing it as a response to Iran’s alleged unwillingness to negotiate. He later told Axios that the U.S. had been “close to an agreement” but that Iran’s demand to meet “in five days” was a pretext for the attack. Domestic criticism was swift. Senate Minority Leader Chuck Schumer denounced the president’s rhetoric as “unhinged” and warned that such threats could alienate allies and amount to war crimes. International law experts reiterated that civilian objects—such as power plants, bridges, and hospitals—are protected under the Geneva Conventions. Any deliberate targeting of these assets for bargaining leverage would violate the conventions and could trigger legal accountability for the United States and any cooperating parties.
#iran #trump #iranian
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Film Apr 06, 2026

Rediscovering Elvira Notari: Italy’s Forgotten Female Filmmaker Revived in ‘Beyond Silence’ Documentary

A new documentary, *Elvira Notari: Beyond Silence*, restores the legacy of Italy’s pioneering femal…
Elvira Notari—Italy’s first and most prolific female filmmaker—crafted a vivid portrait of early‑20th‑century Naples through melodramas such as È piccerella (1922). The film opens with bustling pilgrimage scenes at the Candelora festival, juxtaposing flamboyant revelry with stark images of poverty, a visual strategy that challenged the sanitized narratives favored by the fascist regime.According to film scholar Giuliana Bruno, Notari’s work was driven by a desire to document reality, exposing class tensions and gendered oppression that Mussolini’s censors deemed unacceptable. A 1928 censorship law explicitly banned Neapolitan films featuring “stallholders, beggars, urchins, dirty alleyways,” effectively silencing Notari’s authentic street‑level storytelling.Despite directing around 60 feature films—many hand‑coloured—alongside her husband Nicola at Dora Film, only three titles (A Santanotte, È piccerella, Fantasia ‘e surdato) and fragments survive today, a loss directly attributable to fascist suppression and the prohibitive cost of sound‑film conversion.The newly released documentary Elvira Notari: Beyond Silence, produced by Antonella Di Nocera and directed by Valerio Ciriaci, reconstructs Notari’s fragmented career by collaborating with contemporary “artisans”—photographers, visual artists, novelists, and musicians who reinterpret her silent‑film aesthetics. Ciriaci notes that the absence of personal archives made the film’s investigative approach essential, turning Notari’s silence into a creative catalyst.Critics emphasize Notari’s lasting influence on Italian‑American auteurs such as Francis Ford Coppola and Martin Scorsese. Elements of her chaotic street festivals anticipate the wedding scenes in *The Godfather* and *Goodfellas*, while her raw urban tableaux echo the gritty New York sequences of *Taxi Driver*.Beyond cinematic technique, scholars like Cristina Jandelli argue that Notari’s intertitles reveal a pronounced class consciousness and a critique of women’s marginalisation in early 20th‑century Italy. Her use of Neapolitan dialect and unvarnished depictions of squalor directly opposed the regime’s propaganda‑driven vision of a unified, pristine Italy.After Dora Film collapsed in 1930, Notari retired to Cava de’ Tirreni and died in 1946, largely forgotten until recent scholarly revival. The documentary positions her as a “symbol of the right to memories,” underscoring the ongoing relevance of silenced female voices in cultural history.*Elvira Notari: Beyond Silence* will premiere at New York’s Film Forum on 6 April 2026 and tour the United Kingdom throughout April and May, offering audiences a chance to reconnect with a pioneering filmmaker whose work was once erased by fascism.
#notari #her #she
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