UK firms expect to raise prices more quickly as Iran war pushes up costs

• US President Donald Trump said Washington wants Iran to hand over its uranium as negotiations over Tehran’s nuclear programme continue, according to a live update published on May 17. • The report said Trump also spoke with Israeli Prime Minister Benjamin Netanyahu while regional tensions remained high amid strikes in Lebanon, Gaza fighting and pressure over the Strait of Hormuz.

Two campaign groups claim that change to how NHS treatments are approved amounts to ‘unlawful power grab’Campaigners against the UK’s controversial drug pricing deal with Donald Trump are threatening the government with legal action unless it scraps a key element of the plan.They claim that a change to how drug treatments are approved for use by the NHS, which could lead to it paying even higher prices for them, amounts to an “unlawful power grab”. Continue reading...

Justice secretary’s white paper will overhaul youth justice rules and could end lifelong criminal records for under-18sDavid Lammy has promised to cut the number of children kept in jail while they await trial by a quarter as part of an overhaul of youth justice rules that could also end lifelong criminal records for under-18s.The justice secretary is publishing a white paper on Monday that he says will reduce the number of children ending up in jail – something he admits was his greatest fear growing up in Tottenham in the 1980s. Continue reading...

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%The worsening fallout from the Iran war is forcing businesses to halt their UK investment and hiring plans, bosses have warned, as Britain enters a renewed period of political and economic instability.More than two months into the US-Israeli war on Iran, leading surveys of UK employers showed companies were increasingly prioritising cost management over growth as rising costs and global uncertainty weigh on confidence. Continue reading...

Body says, on average, British women approaching retirement have half private pension savings of men – £81,000 versus £156,000A shake-up of pensions in Britain must involve measures to close the gap in retirement savings between men and women, the revived Pensions Commission is to tell ministers.According to the government-backed body, women approaching retirement have on average half the private pension savings of men, with a median pension wealth of £81,000 versus £156,000. Continue reading...

British Chambers of Commerce survey shows firms ‘are dealing with rising levels of theft, fraud and cyber-attacks’UK business leaders have warned that crime is becoming an increasingly “serious barrier” to growing Britain’s economy amid a rise in shoplifting, fraud and cyber-attacks against companies.The British Chambers of Commerce (BCC), which represents tens of thousands of businesses across the country, called on the government to provide “a step change in the support businesses can count on” as it said two-fifths of companies had experienced some form of crime in the past year. Continue reading...

Police laid 2,063 charges and conducted 1,847 bail compliance checks in operation targeting offenders with a history of domestic violence. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning, and happy Monday. Nick Visser here to get the blog started. Here’s what’s on deck:New South Wales police have charged nearly 1,000 people with more than 2,000 charges in total as part of a statewide operation targeting offenders with a history of domestic violence. Officials said the effort was meant to ensure the safety and wellbeing of domestic and family violence victims. Continue reading...

Tim Walz, the state’s governor, calls blazes ‘unpredictable and fast-moving’ as dry, windy weather fuels themMinnesota’s national guard has been activated to help battle wildfires burning in the northern part of the state after the department of natural resources requested additional support.Governor Tim Walz authorized the deployment by issuing an executive order that declared a peacetime emergency. Continue reading...

Emergency crews responding to incident involving aircraft during weekend air show at military base in western IdahoEmergency crews responded Sunday to an incident involving aircraft during a weekend air show at a military base in western Idaho, officials said.The Mountain Home air force base said in a social media post that it was locked down following the unspecified incident during the gunfighter skies air show. Responders were on the scene and an investigation was underway. Continue reading...

White House-backed event billed as ‘One Nation Under God’ criticized for blurring lines between church and stateThousands of people streamed onto the National Mall for a daylong prayer rally on Sunday billed as a “rededication of our country as One Nation Under God”.Against the backdrop of the Washington Monument, worship music blared from a stage that made clear the event’s Christian focus. Arched stained-glass windows, set underneath grand columns resembling a federal building, depicted the nation’s founders alongside a white cross. Continue reading...

Abu Dhabi denounces ‘dangerous escalation’ as Iran war ceasefire grows more precariousThe United Arab Emirates has blamed a fire near its nuclear power plant on a drone launched by Iran or one of its proxies in what the UAE called a “dangerous escalation”.The fire was just outside the Barakah nuclear plant and caused no injuries or radiation alerts, but it came at an extremely tense moment in the sixth week of a ceasefire in the Iran war, with peace talks stalled and Donald Trump voicing impatience at the deadlock. Continue reading...

Canal+ head says he will not work with hundreds of actors and directors who signed protest against Vincent Bolloré’s political swayThe head of France’s biggest film producer, Canal+, has said the group will no longer work with hundreds of cinema figures who signed a petition voicing concern over the growing influence of the rightwing billionaire owner Vincent Bolloré.The open letter, published earlier this week to coincide with the opening of the Cannes film festival, was signed by more than 600 figures, including the actor-director Juliette Binoche, the director and photographer Raymond Depardon, the French-Iranian film-maker Sepideh Farsi and the director Arthur Harari, who co-wrote the Oscar-winning Anatomy of a Fall and is premiering his film The Unknown in the main competition in Cannes. Continue reading...