Jaguar Land Rover hack has cost UK economy £1.9bn, experts say

NatWest's CEO, Paul Thwaite, has urged the UK government to avoid raising taxes on banks in the upcoming autumn budget, especially after the bank reported a remarkable 30% increase in profits. Thwaite acknowledges the tough decisions facing Chancellor Rachel Reeves to address a potential £30 billion shortfall in public finances, but emphasizes the importance of maintaining fiscal discipline while fostering stability and growth. This stance is significant as it highlights the delicate balance between government revenue needs and the health of the banking sector, which plays a crucial role in the economy.

Drax, the UK's largest power station, is facing ten lawsuits from current and former employees who claim they developed asthma due to inadequate protection against wood dust exposure. This situation highlights serious health risks associated with the company's wood pellet fuel, raising concerns about worker safety and corporate responsibility. The outcome of these lawsuits could have significant implications for workplace health standards in the energy sector.

Russia's Central Bank has decided to cut its key interest rate as the country prepares for new sanctions linked to President Vladimir Putin's ongoing war in Ukraine. This move comes at a time when the Russian economy is already facing challenges, and the anticipated sanctions could further exacerbate the situation. It's a significant development that highlights the ongoing economic pressures Russia is under due to international responses to its actions.

Afua Kyei, the finance chief of the Bank of England, has been recognized as the UK's most influential black person, leading a power list that highlights black role models in various fields such as business, science, technology, and the arts. This recognition is significant as it not only celebrates Kyei's achievements but also serves to inspire future generations by showcasing the impact of diversity in leadership roles.

In a surprising turn of events, the Reform party, led by Nigel Farage, faced a significant defeat in a recent by-election in the birthplace of comedian Tommy Cooper. This loss highlights the party's dwindling influence and raises questions about its future in UK politics. The absence of Farage during this critical moment further underscores the challenges the party is facing, making it a noteworthy development for political observers and voters alike.

Two individuals have been charged in connection with an arson attack on a mosque, raising concerns about community safety and religious tolerance. This incident highlights the ongoing issues of hate crimes and the need for stronger protections for places of worship. The charges reflect a serious commitment to addressing such acts of violence and ensuring justice for affected communities.

Afua Kyei, the chief of the Bank of England, has been recognized as the most influential black person in the UK for 2026, according to the Powerlist. At just 43, she oversees the financial governance of the Bank's impressive £1 trillion balance sheet. This recognition not only highlights her significant contributions to the financial sector but also serves as an inspiration for diversity and representation in leadership roles across the UK.

A recent report reveals that UK consumers lost a staggering £629 million to investment scams in just six months, marking a 55% increase from the previous year. This surge is largely attributed to the rise in cryptocurrency fraud, which has become a major concern for savers. The data highlights the growing sophistication of fraudsters and the urgent need for consumers to be vigilant about their investments. As scams become more prevalent, understanding the risks and protecting one's savings is more important than ever.

US President Donald Trump has abruptly ended trade negotiations with Canada, citing an advertisement that features a quote from Ronald Reagan criticizing tariffs. This decision is significant as it could strain economic relations between the two countries and impact various industries reliant on trade. The move reflects Trump's ongoing stance against tariffs and highlights the tensions surrounding international trade policies.

Kremlin spokesman Dmitry Peskov has pointed fingers at European nations for the delay in peace talks between Russia and Ukraine, suggesting that their support for Kiev is hindering progress. This situation is significant as it highlights the ongoing tensions and complexities in the conflict, raising concerns about the prospects for a peaceful resolution.

Deng Majek has been found guilty of the brutal murder of Rhiannon Whyte, who was stabbed 23 times after finishing her shift at a Wolverhampton hotel. This tragic incident highlights the ongoing issues of violence and safety in public spaces, particularly for vulnerable individuals like Whyte, who was working to support asylum seekers. The case has drawn attention to the need for better protection and support for workers in similar situations.

Plaid Cymru's recent victory in the Caerphilly byelection, led by Lindsay Whittle, marks a significant shift in Welsh politics as they successfully ousted Labour from the constituency. This win highlights the growing discontent among voters regarding the pace of change and suggests that parties failing to adapt may face serious consequences in future elections. It's a pivotal moment that could reshape political dynamics in Wales.

Volodymyr Zelenskyy visited Downing Street to discuss the use of frozen Russian assets to bolster Ukraine's defenses, highlighting the ongoing support for Ukraine amidst the conflict. This meeting with UK leaders, including Keir Starmer, underscores the international coalition's commitment to Ukraine's sovereignty and security. The discussions come at a crucial time as geopolitical tensions rise, making it essential for allies to collaborate effectively.

In a tense incident in California, law enforcement officers opened fire on a truck that allegedly tried to back into the Coast Guard base in Alameda, coinciding with protests against the arrival of ICE agents. This situation highlights the growing tensions surrounding immigration enforcement and the public's response to federal actions, raising concerns about safety and civil rights.