Boosting

MPs and peers say pitting defence and welfare against each other risks losing public support for increased spending on the militarySenior Labour figures have warned that Rachel Reeves must find alternative ways to increase military spending rather than slashing welfare, saying it risks public support for investment in defence.Pressure has been mounting from Labour backbenchers for the Treasury to urgently agree the defence investment plan (Dip) after George Robertson, a former Nato secretary general, said there was a “corrosive complacency” on defence funding. Continue reading...

• The US has drafted a comprehensive 15-point proposal delivered to Iran through Pakistan intended to resolve ongoing hostilities between the two nations, according to Bloomberg reports citing people familiar with the matter. • Stock futures rose Wednesday morning on optimism surrounding diplomatic negotiations, though details of the proposal remain undisclosed. • President Donald Trump has publicly stated that any agreement must include prohibitions on Iran obtaining nuclear weapons or enriching radioactive material for civilian purposes.

• U.S. stocks closed higher on Monday, March 23, 2026, with the Dow Jones Industrial Average rising 1.4% or 631 points to 46,208.47 amid hopes of easing Middle East tensions. • Nasdaq Composite advanced 1.4% to 21,946.76 led by Albemarle Corporation's 3.5% gain, while S&P 500 gained 1.2% or 74.52 points to 6,581.00 with all 11 sectors positive. • Consumer Discretionary (XLY), Materials (XLB), and Technology (XLK) sectors rose 2.5%, 1.5%, and 1.5% respectively; VIX fell 2.4% to 26.15 on higher trading volume of 27.94 billion shares.

• The El Niño weather pattern is likely to develop this summer and persist through 2026, elevating global temperatures and disrupting regional weather worldwide. • Scientists indicate this event could exacerbate warming trends, following a new study addressing whether global warming is accelerating. • The pattern matters for US agriculture, water resources, and extreme weather risks, with potential for hotter summers across the nation.