UK borrowing costs hit decades-long high as pressure mounts on Starmer
The cost of UK government borrowing has hit a high not seen in decades as Prime Minister Keir Starmer faces mounting threats to his leadership and the oil price rises.

The cost of UK government borrowing has hit a high not seen in decades as Prime Minister Keir Starmer faces mounting threats to his leadership and the oil price rises.

Rachel Bews was denied access to an Amazon business course in Scotland because she needed to bring her 20-week-old baby. Amazon cited a health and safety policy prohibiting children under six on-site, despite a lactation room being available.

UK banks are failing vulnerable customers, including the homeless, by pushing them towards unsuitable online applications instead of offering basic bank accounts. The FCA found a third of customer experiences with these accounts were poor or very poor.

Microsoft is eliminating approximately 4,800 jobs, representing 2% of its global workforce, as part of a cost-cutting measure and a significant restructuring of its Xbox gaming division. This includes shedding 3,200 gaming jobs and spinning off or reviewing five game studios.

ITV is selling its broadcasting division to Sky for £1.6bn, a move seen as an end to an era for the 70-year-old company. The deal reflects the decline of traditional free-to-air broadcasting in the face of streaming giants, with ITV's digital revenues showing growth but not enough to offset the linear business's struggles.

US private equity firm Castlelake has agreed to a £5.5bn takeover of easyJet, offering £6.90 per share. The deal, which follows four previous rejections, is seen by analysts as a sign of UK firms being undervalued and bought cheaply by foreign buyers.

Sir Paul Marshall's hedge fund, Marshall Wace, nearly tripled its fossil fuel investments to $2.8bn in Q1 2026, while cutting clean energy investments. Critics accuse Marshall of "cashing in on climate chaos" and using GB News to promote his financial interests.