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Economy Apr 01, 2026

UK Birthrate Crisis: Housing Affordability Key to Boosting Family Growth

Research by the Resolution Foundation thinktank suggests that addressing the UK's housing affordabi…
The UK's declining birthrate has been a growing concern in recent years, with long-term fiscal pressures expected to arise from supporting an ageing population. A new report by the Resolution Foundation thinktank, titled 'Bye Bye Baby', suggests that politicians should prioritize tackling housing affordability to encourage young people to have more children.The report highlights a significant shift in the proportion of women who are not yet mothers by age 30, rising from 48% for those born in the late 1980s to 58% for those born in the early 1990s. This trend is most pronounced among non-graduate women aged 25-29, with more than half (54%) having no children by 2023, up from one in three in 2011.The analysis attributes this shift to falling partnership rates and a major shift away from home ownership towards costly private renting and living with parents, making it harder for young people to start a family. The share of non-graduates in their late 20s in private rented accommodation has doubled to 33% in 2023-24, while home ownership has halved over the same period.The thinktank's research suggests that financial constraints play a significant role in young people's decisions to have children. Among 32-year-olds who are not yet parents, twice the proportion of those in the lowest quarter of earners said they intended to remain permanently childless, compared with those in the top quarter of earners.Politicians have proposed various policies to encourage young people to have children, including expanding free childcare and introducing married tax allowances. However, the Resolution Foundation's research suggests that focusing on housing struggles may be a more successful approach.“Deciding whether to have children is a deeply personal choice, but it’s clear that financial constraints are at play too,” said Charlie McCurdy, senior economist at the thinktank. “Policymakers should look to address the financial barriers that are hindering young people’s ability to start a family – such as increasing housing affordability and opportunities to get on the housing ladder – to make parenthood more achievable for those who want it.”
#Resolution Foundation #Office for National Statistics #UK housing market
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World Economy Apr 01, 2026

Berkeley Halts Land Purchases and Implements Hiring Freeze as Iran War Triggers UK Housing Market Shock, Forecasts £1.4bn Profit by 2030

London‑focused housebuilder Berkeley announced a stop to new land acquisitions and a hiring freeze …
Berkeley, one of Britain’s largest housebuilders, said it will cease buying new land and impose a hiring freeze as it confronts the impact of the Iran war and broader geopolitical volatility on the UK property market.The FTSE 100 company warned that a reduced likelihood of further interest‑rate cuts and soaring regulatory costs could weigh heavily on its business, prompting cost‑cutting measures that also include using fewer subcontractors.In a significant outlook revision, Berkeley now expects to generate more than £1.4 billion in pre‑tax profit between 2027 and 2030, a stark increase from the roughly £450 million it had forecast for the current year and 2027.Market reaction was swift: the company’s shares plunged up to 18 % on Wednesday morning, later recovering to sit about 13 % lower, making Berkeley the worst performer on the FTSE 100 that day.Berkeley’s statement noted that early‑2026 sales showed modest recovery, but “recent geopolitical events and the macro‑economic consequences, including reduced potential for further rate cuts, could reduce confidence in a near‑term market recovery.”The firm cited “unprecedented” increases in costs and regulation, alongside weak buyer demand, as reasons for halting land purchases, arguing it can no longer achieve a sufficient rate of return on new sites due to a continuous rise in tax and regulatory burdens.These challenges arrive as the UK government pushes to meet ambitious new‑home building targets, while the sector grapples with higher taxation, new building‑safety rules, and longer planning timelines—Berkeley estimates approvals now take about 12 months longer than before.The ongoing war in Iran has amplified inflation fears, lifted mortgage rates above 5 % and heightened mortgage‑cost pressures for consumers, according to Moneyfacts data.Competitors such as Barratt, Redrow and Persimmon have also suffered, each losing more than 20 % of their market value, underscoring the broader stress across the housing‑construction industry.Berkeley, headquartered in Surrey, employs over 2,500 people and focuses on brownfield regeneration projects. It holds land sufficient for 50,000 homes with an additional pipeline for 10,000 homes in London and the south‑east, but will slow construction on existing sites to match market demand and regulator approvals.
#new #land #berkeley
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Technology Apr 01, 2026

Artemis II Set to Launch Amid Record Crowds, Marking First Crewed Moon Flight Since 1972

On April 1, 2026, NASA’s Artemis II mission is slated for a 6:24 p.m. ET launch from Florida, drawi…
Just before sunset on Florida’s Space Coast, an estimated 400,000 people are expected to line the beaches and causeways to watch NASA’s Artemis II lift off at 6:24 p.m. ET, weather permitting. The launch will be the first crewed departure from low‑Earth orbit since the Apollo 17 mission in December 1972. Commander Reid Wiseman told reporters at the Kennedy Space Center that the nation and the world have been waiting “a long time” for this moment. The four‑person crew—Americans Christina Koch and Victor Glover, Canadian astronaut Jeremy Hansen, and Wiseman himself—have entered quarantine ahead of the flight. During the 10‑day test flight, which will not attempt a lunar landing, Koch and Glover will become the first woman and first person of color to travel into cislunar space, the region between Earth and the Moon. Hansen will be the first non‑American to do so. The Orion capsule is expected to travel more than 4,600 miles (7,400 km) beyond the Moon’s far side on day six, reaching a total distance of just under 253,000 miles from Earth—surpassing the Apollo 13 record of 248,655 miles set in 1970. Beyond the historic milestones, Artemis II serves as a critical stepping stone for NASA’s broader lunar ambitions. Administrator Jared Isaacman has outlined a $20 billion Moon base program slated for completion by the end of the decade, and the mission will capture high‑resolution images of the Moon’s south‑pole region—potential sites for future landings and the base. Technical preparations have addressed previous setbacks, including a resolved heat‑shield issue from Artemis I and a helium‑leak that delayed Artemis II’s rollout in February. NASA’s final weather briefing gave the launch an 80 % chance of favorable conditions, with a five‑night launch window available should a scrub be required. Inside the capsule, the crew will spend ten days in a confined space roughly the size of a small camper van, testing life‑support systems, radiation exposure, and microgravity effects. Wiseman noted the psychological challenges of close‑quarters living, saying, “By day six or seven we’ll all be thinking, ‘I need a little space,’ but we’re a good crew.” The launch has sparked a surge of tourism in Cape Canaveral and Cocoa Beach, with hotels filling quickly as spring‑breakers add the event to their itineraries. Despite schedule delays and cost overruns—NASA acknowledges the program is “billions of dollars over budget”—the agency remains confident that Artemis II will demonstrate the capabilities needed for the next crewed landing, scheduled for Artemis IV in 2028. As Wiseman summed up, “NASA was founded to tackle the near‑impossible. This mission is the next step in America’s return to the lunar environment, and when we get there, we intend to stay.”
#artemis #nasa #space
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Sports Apr 01, 2026

Manchester United's Wage Bill Exposed: A Fraction of Arsenal's in WSL

Manchester United's wage bill for the last season was approximately half that of Arsenal's in the W…
Manchester United's financial accounts have revealed that their wage bill for the last season was significantly lower than that of their Women's Super League rivals, Arsenal. The £5.88m total wage bill, including social security and pensions costs, was far closer to that of fifth-placed Brighton, whose total was £5m.In contrast, Arsenal, the only other club among the WSL's big four to have published their accounts, paid their players and staff £9.9m and their wage bill, including social security and pensions costs, reached £11.3m. This disparity in spending highlights the challenges faced by Manchester United as they prepare for a crucial Champions League quarter-final match against Bayern Munich.Despite the lower wage bill, Manchester United recorded a profit before tax of £510,000 and total revenue rose by 16% to £10.74m, thanks largely to a big increase in what the accounts labelled “services recharged to other group undertakings”. The club's matchday revenue fell sharply, from £1.87m in 2023-24 to £1.22m, while broadcasting revenue and commercial revenue also dropped.Manchester United's manager, Marc Skinner, will be looking to overcome a 3-2 deficit against Bayern Munich, a team that has been in impressive form. Skinner emphasized that if his team were to progress to the semi-finals, it would rank as highly as their FA Cup triumph at Wembley in 2024.
#united #arsenal #wage
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News Apr 01, 2026

US‑Israel Airstrikes Intensify in Iran, Targeting Pharma Hub and Critical Infrastructure Amid Rising IRGC Defiance

Coordinated US‑Israel air raids have struck Tehran, Isfahan and other Iranian cities, damaging powe…
Coordinated strikes by United States and Israeli forces hit Tehran, Isfahan and several other Iranian cities on Tuesday, prompting widespread power outages and extensive damage to civilian sites. The Ministry of Energy confirmed that shrapnel from the raids ruptured a primary power‑transfer line, but the outage was restored within a few hours. Among the most critical targets was the Tofigh Darou pharmaceutical complex in the Karaj industrial zone. The facility, which supplies over 90% of Iran’s domestically produced medicines—including cancer and multiple‑sclerosis treatments—sustained heavy damage from multiple projectiles. In central Iran, Isfahan endured a barrage of heavy bunker‑buster bombs over a nearby mountainous area, likely aimed at military installations. The explosions triggered secondary blasts that illuminated the night sky and produced reverberating shockwaves across the city. North‑west of Tehran, in Zanjan, a building identified as the administrative department of the Hosseinieh Azam religious centre was struck, resulting in at least four fatalities and several injuries. Iranian authorities now claim that more than 2,000 people have been killed by US‑Israeli attacks since the conflict erupted on 28 February, with residential blocks, schools, hospitals and historic sites also affected. Additional targets this week included civilian nuclear facilities, major steel producers, petrochemical plants, and the Iran University of Science and Technology, where an imaging satellite was developed. A professor linked to Iran’s missile programme and his two children were assassinated at their home in northern Tehran. U.S. President Donald Trump reiterated threats to strike Iran’s oil and gas infrastructure, power plants and water‑desalination facilities. Despite the onslaught, the Islamic Revolutionary Guard Corps (IRGC) continues to project defiance. A spokesperson for the Khatam al‑Anbiya Central Headquarters declared that Tehran’s adversaries are “humiliated and on the path of destruction,” while senior commander Ali Fadavi warned that American warships are vulnerable and allegedly transmit false transponder signals. The IRGC also released footage of ballistic missiles aimed at Israel and surrounding nations, and claimed to have downed two U.S. MQ‑9 Reaper drones, promising retaliatory strikes against technology firms linked to the United States and Israel. Domestically, the judiciary announced the execution of two members of the foreign‑based Mojahedin‑e‑Khalq (MEK) group, labeling them terrorists. This follows a series of recent executions tied to the January protests and broader dissent. Authorities also issued new indictments against roughly 200 individuals accused of assisting the U.S. and Israel, including alleged “mercenaries” who disseminated strike footage abroad. Penalties for national‑security offenses now encompass asset confiscation and capital punishment. President Masoud Pezeshkian convened his first cabinet meeting since the war’s onset in a makeshift, blue‑covered space, emphasizing that any peace negotiations will safeguard Iran’s “dignity, security and national interests.” Israel’s Channel 14 reported that Pezeshkian sought greater negotiating leverage with the United States, a request allegedly rebuffed by IRGC chief Ahmad Vahidi.
#iran #israel #irgc
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Sports Mar 31, 2026

LeBron James Powers Lakers to Dominant Win Over Wizards, Ties NBA Record

LeBron James recorded his 1,228th career victory, tying Kareem Abdul-Jabbar's NBA record, as the Lo…
LeBron James had a stellar performance with 21 points, 12 assists, and 10 rebounds, leading the Los Angeles Lakers to a convincing 120-101 win over the Washington Wizards on Monday night.The victory marked James's 1,228th career win, including the playoffs, tying him with Kareem Abdul-Jabbar for the most in NBA history. This achievement underscores James's enduring impact on the sport.Austin Reaves contributed significantly with 19 points and nine assists, while Luke Kennard and Jaxson Hayes each added 19 points off the bench. The Lakers' strong performance was highlighted by an 11-0 run in the second quarter, which gave them a lead they maintained throughout the game.The Wizards, struggling with 19 losses in 20 games, were led by Will Riley with 20 points and Justin Champagnie with 18 points. Despite an initial lead, they were unable to recover from the Lakers' surge.This win brings the Lakers closer to securing a playoff berth and the Pacific Division title, although a Phoenix loss was also needed to clinch it. The Lakers have now won 12 of their last 13 games, showcasing their strong form.
#LeBron James #Los Angeles Lakers #Washington Wizards
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Sports Mar 31, 2026

Amnesty International warns of acute human‑rights crisis ahead of 2026 FIFA World Cup in North America

Amnesty International issued a scathing report ten weeks before the 2026 FIFA World Cup, warning th…
Amnesty International has warned that the 2026 FIFA World Cup will be staged during an "acute human‑rights crisis" that endangers travelling supporters, local residents and tournament staff across the three host nations.The rights group released its report on Monday, highlighting the dangers facing millions of fans who will journey to the United States, Canada and Mexico for the six‑week event.The United States, which will host three‑quarters of the matches (78 of 104 fixtures), is described as undergoing a "human‑rights emergency" marked by a pattern of authoritarian practices. Amnesty points to recent immigration crackdowns, restrictive protest laws and a series of deaths at the hands of U.S. law‑enforcement officials.According to the report, at least six detainees died in ICE custody in 2026, with a seventh person fatally shot by an off‑duty ICE officer. The agency recorded 32 deaths in ICE custody the previous year, many attributed to health complications but accompanied by allegations of abuse and medical neglect.Although FIFA classified the tournament as a "medium‑risk" event, Amnesty warns it could become "a stage for repression and a platform for authoritarian practices" if host governments fail to safeguard basic freedoms.Key concerns raised include:Forced shutdowns of protests, gender bias, indiscriminate raids, ethnic profiling and mass detentions.U.S. visa bans targeting nationals from 12 countries—four of which have qualified for the World Cup—deemed racial discrimination under international law.Mexico’s internal security challenges following a wave of violence triggered by the killing of a major drug‑lord, and planned peaceful demonstrations by women’s groups seeking justice for the country’s 133,500 disappeared persons.Canada’s looming housing crisis that could displace homeless individuals, alongside reported violence and harassment directed at the LGBTQ community.Amnesty also criticised President Donald Trump, who received FIFA’s newly created Peace Prize in December 2025, and FIFA President Gianni Infantino for praising the award. The report accuses the Trump administration of dismantling international cooperation mechanisms, engaging in aggression in Venezuela, conducting extrajudicial air strikes in Latin America and collaborating with Israel on attacks against Iran.Despite the criticism, FIFA projects to generate $11 billion in revenue from the World Cup cycle. Amnesty’s head of economic and social justice, Steve Cockburn, stressed that “fans, communities, players, journalists and workers cannot be made to pay the price” and that their rights must be central to the tournament’s planning.The tournament is set to kick off on June 11 at Mexico City’s stadium, with the final slated for July 19 at New Jersey’s MetLife Stadium.
#canada #mexico #ice
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World Economy Mar 31, 2026

Washington State Introduces Historic Millionaire Tax to Target Super-Rich

Washington state has passed a 9.9% income tax on millionaires, marking a significant shift in the s…
Washington state has taken a historic step towards a more progressive tax system by passing a 9.9% income tax on millionaires. The tax, which will take effect in 2028, targets the state's ultra-wealthy residents and aims to address the state's regressive tax system.The tax was championed by activists and lawmakers, including Noel Frame, who has been pushing for a wealth tax for over 15 years. Frame's efforts were previously met with resistance from the tech industry, particularly Microsoft and Amazon, which are headquartered in the state.The new tax is seen as a significant departure from the state's previous stance on taxation. Washington state has long been known for its lack of an income tax, instead relying on sales, business, and property taxes. However, this system has been criticized for being regressive, with the state's poorest residents paying a larger share of their income in taxes.The millionaire tax is expected to bring in much-needed revenue for public services, including public schooling and healthcare. The state's budget gap has been growing, and lawmakers have been struggling to find ways to balance the books.The tax is also seen as part of a national movement towards more progressive taxation. Several other states, including California, Colorado, Michigan, and New York, are considering wealth taxes. The movement is driven in part by growing public awareness of the wealth gap and the need for more equitable taxation.Despite the potential for the tax to drive away wealthy individuals and businesses, research suggests that taxation is not a major factor in decisions to move to a different state. Instead, factors such as work opportunities, family, and lifestyle choices play a much larger role.The tax is expected to face legal challenges and potential opposition from opponents who argue that it will harm the state's economy. However, supporters of the tax argue that it is a necessary step towards creating a more equitable tax system and providing more revenue for public services.
#state #tax #washington
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World Economy Mar 31, 2026

UK Energy Bills Forecast to Soar to Nearly £2,000 a Year This Summer

UK households are facing a significant increase in energy bills, with a forecast of almost £2,000 a…
Households in Great Britain are bracing for a substantial hike in energy bills, with a typical gas and electricity bill forecast to reach £1,929 a year from July. This represents an increase of about £290 a year under the industry regulator Ofgem's quarterly price cap. The forecast hike is £288 a year higher than the £1,641 cap on energy bills set for April to June. Although the April price cap will be £117 a year, or 7%, lower than the January to March rate of £1,758, the short-lived reprieve from rising gas and electricity costs is expected to be more than offset by a string of rises facing households in the spring. The annual cost of essentials, including council tax and water, will increase by more than £200 from April even before the economic impact of the Iran war is felt by UK consumers. Most households in England and Wales will see an increase of about 5% in their council tax, while in Scotland bills will go up by between 4% and 10%. In Northern Ireland, rates are due to increase between 1.96% and 4.5%. Water bills in England and Wales are also due to rise, by an average of £33 a household from April, up 5.4% to £639. The cost of phones and broadband are expected to rise by an average of £39.60 for an annual bill and £27.60 for a typical mobile contract, according to Uswitch. Senior government ministers are expected to discuss the economic turmoil caused by the war at a Cobra meeting on Tuesday, after meeting with business leaders to discuss how the government and private sector can work together to respond to the crisis caused by surging oil market prices. The international oil benchmark rose 4% to more than $118 a barrel on Tuesday as Donald Trump said countries such as the UK should build up the “courage” to go to the strait of Hormuz and “just take” fuel. Experts fear that Brent crude could reach all-time highs of $150 a barrel if the conflict continues. “Bills going up again because of war thousands of miles away will be a tough pill to swallow for households still saddled with debt from last time,” said Jess Ralston, the head of energy at the Energy and Climate Intelligence Unit. “Unless we continue [to] shift away from gas, whether it comes from the North Sea or not, the risk remains that bills will continue to spike,” Ralston added.
#energy #bills #prices
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