The Independent – Climate cost of Sunak’s tax breaks for fossil fuels
The Independent reports dozens of prospective fossil fuel projects in the UK that qualify for Rishi Sunak’s tax relief on oil and gas could together pump up to 899 million tonnes of greenhouse gases into the atmosphere, analysis shows.
The chancellor announced last week that energy firms would get a 91p tax saving for every £1 they invested in oil and gas extraction in the UK, to the end of 2025.
Campaigners fear the move could cause companies to accelerate plans for projects that were already in the pipeline in order to benefit from the tax break.
Today's Headlines - Summarised
UK to send hundreds of thousands of military drones to bolster Ukraine war effort
The UK government has announced plans to send hundreds of thousands of military drones to bolster the war effort in Ukraine. The drones will be used for surveillance, reconnaissance, and targeting enemy positions. The decision to send the drones comes as part of a broader effort to support Ukraine in its fight against Russian aggression. The UK has already provided military assistance to Ukraine, including weapons, ammunition, and training for Ukrainian forces. The drones are
Trump tariffs live: Asian markets tumble after Trump admits concerns over ‘costs and problems’
Asian markets tumbled on Thursday after US President Donald Trump admitted that he has concerns over the “costs and problems” of his trade tariffs. Trump’s comments came as the US and China continue to engage in a trade war, with both countries imposing tariffs on each other’s goods. The Nikkei in Japan fell 1.1%, the Hang Seng in Hong Kong dropped 1.5%, and the Shanghai Composite in China was down 1.3%. Investors are worried that
LGB+ community more than twice as likely to self-harm or take their own lives, new data shows
According to new data, individuals in the LGB+ community are more than twice as likely to self-harm or take their own lives compared to their heterosexual counterparts. This alarming statistic highlights the significant mental health disparities faced by members of the LGB+ community. The reasons for this disparity are complex and multifaceted, including experiences of discrimination, stigma, and lack of support. Many individuals in the LGB+ community face higher rates of bullying, harassment, and violence,
Tariffs live: Asian markets rebound after Trump pauses most tariffs for 90 days – but 125% levy on China remains
Asian markets rebounded on Monday after US President Donald Trump announced a 90-day pause on most tariffs on Chinese goods, following a meeting with Chinese President Xi Jinping at the G20 summit in Argentina. The decision to hold off on further tariffs provided some relief to investors, who had been concerned about the escalating trade tensions between the world’s two largest economies. However, Trump also announced that the US would maintain a 125% tariff on
Royals news live: Prince Harry and Meghan Markle ‘felt forced’ to step back, High Court security appeal told
In a recent court hearing, it was revealed that Prince Harry and Meghan Markle felt “forced” to step back from their roles as senior members of the royal family. The couple’s security appeal was discussed in the High Court, where their legal team argued that they should be entitled to the same level of security as other members of the royal family. The Duke and Duchess of Sussex have been embroiled in a legal battle
Social media firms profiting from surge in sextortion cases, experts warn
Social media firms are profiting from the surge in sextortion cases, experts warn. Sextortion is a form of online blackmail where perpetrators threaten to release intimate or explicit images or videos of their victims unless they pay a ransom. Experts say that social media platforms are not doing enough to protect users from these types of attacks, and that they are profiting from the increased traffic and engagement that comes from these types of incidents.
