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Liz Kendall urged by online safety figures to hand job to Jeremy Wright ahead of Labour grandee Margaret HodgeMinisters are facing pressure to appoint a former Conservative cabinet minister as the new chair of the media regulator Ofcom, as he battles for the job against a Labour peer.The job of running the regulator has become a key post in public life, as concern over online content has grown rapidly, alongside the rise of more politically partisan broadcasting. No successor has yet been named to replace Michael Grade, the former BBC chair who has just weeks left in the job. Continue reading...

UK clothing and homeware retailer working on assumption that war could last three monthsBusiness live – latest updatesNext has warned that the war in the Middle East will add £15m to its costs on the assumption it will last three months, adding that prices will have to go up if the conflict persists beyond that.The UK clothing and homeware retailer said it was currently offsetting the additional costs on fuel and air freight with savings elsewhere and it did not expect any affect on profits for the year ahead. Continue reading...

Rising energy bills give Reform and Tories opening to attack net zero while government hesitant to make case for clean energyCould net zero become “the next Brexit”? That is the fear stalking climate advocates as the oil crisis caused by the war on Iran starts to bite.A powerful coalition of the well-funded Reform party, led by Nigel Farage, the Conservative party, some business interests, and the UK’s right-wing media, are engaged in an onslaught against the longstanding target of reaching net zero greenhouse gas emissions by 2050. Continue reading...

Iran conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins – used to make milk bottlesGet our breaking news email, free app or daily news podcastFarmers say Australian consumers could pay more for everyday staples for the next year at least as a result of the US-Israel war on Iran.But the CEO of dairy farmer cooperative Norco, Michael Hampson, says a six to 12 month disruption to food supply is likely a best-case scenario, depending on the strait of Hormuz reopening soon and global petrochemical supply chains beginning to stabilise. Continue reading...

Former Olympic rower to lead corporation as it hammers out future funding model with governmentMatt Brittin, Google’s former top executive in Europe, has been named the BBC’s next director general.Brittin, who stepped down as Google’s president in Europe, the Middle East and Africa last year, will replace Tim Davie at a crucial time for the corporation, as it hammers out its future funding model with the government. Continue reading...

PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailoutMinisters are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come.The prime minister indicated he would prefer to focus any taxpayer-funded help on the poorest households, rather than an expensive universal bailout, ahead of an emergency meeting on the economic fallout of the Middle East crisis. Continue reading...

Labor should urge Australians to rethink purpose of super, Tracey Burton says, so country’s $4tn in superannuation could help plug funding shortfallsGet our breaking news email, free app or daily news podcastLabor should more actively encourage wealthier Australians to spend more of their superannuation on their own care, an industry leader says, to help free up capacity in the struggling system to protect elderly people without means.Tracey Burton, the chief executive of Uniting NSW and ACT, will tell an industry event next week that some wealthier people believe they are entitled to fully publicly funded aged care – even while they maintain large superannuation balances with the intention of leaving the money to their next generation. Continue reading...