BackTrump Dismisses Economic Hardship from Iran War, Prioritizes Nuclear Prevention

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Guardian Business5/13/2026PoliticsUnited Kingdom

Trump Dismisses Economic Hardship from Iran War, Prioritizes Nuclear Prevention

Iran War US Inflation Trump Economic Policy

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President Trump downplays financial pressures on Americans due to the US-Iran war, focusing solely on preventing Iran from obtaining nuclear weapons, despite rising inflation, fuel costs, and concerns ahead of midterm elections.

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US Democrats, led by Reps. Khanna, Suozzi, and Dingell, introduced a bill to create an Industrial Bank for American Manufacturing. Funded by up to $15bn annually from China tariffs, it aims to revitalize domestic manufacturing, particularly in de-industrialized areas, supporting small and medium-sized businesses.

Guardian Business

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Developing·1 hour ago

Badenoch accuses PM Burnham of 'spending spree' and governing like Manchester mayor

Kemi Badenoch has criticized new Prime Minister Andy Burnham for a "spending spree" of early policies, including a £2 bus fare cap and energy VAT cuts, questioning how they will be funded. Burnham defends his plans as "cost of living" measures, funded by savings and future tax hikes.

BBC UK News

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Developing·2 hours ago

Millionaires including Gary Lineker call for higher taxes on the wealthy

Over 120 wealthy Britons, including Gary Lineker and Brian Eno, have written an open letter to new Prime Minister Andy Burnham, urging for higher taxes on the richest to foster a more equal society and fund public investment. The group, organized by Patriotic Millionaires, supports a 2% tax on wealth over £10m.

BBC Business

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Developing·3 hours ago

Trump Links US-Saudi Nuclear Deal to Riyadh Recognizing Israel

President Trump stated that a US-Saudi nuclear energy deal, focused on non-military use without enrichment, is contingent on Saudi Arabia joining the Abraham Accords and recognizing Israel. This comes amidst expert criticism regarding nuclear proliferation risks and Saudi Arabia's prior stance on Palestinian statehood.

BBC World

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Developing·4 hours ago

UK Prime Minister Pauses Early Release Scheme for 6,000 Prisoners Amid Outcry

UK Prime Minister Andy Burnham has paused an early release scheme for 6,000 prisoners, including serious offenders, after an outcry from crime victims and warnings from probation officers. An urgent review will assess risks before any releases proceed.

Guardian UK

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Trump Dismisses Economic Hardship from Iran War, Prioritizes Nuclear Prevention

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