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    Reeves reveals plan to rip up banking regulations brought in after financial crash

    Rachel Reeves has told senior economists and business leaders that she wants to rip up regulations on the financial services sector brought in after the 2008 financial crash.The chancellor has been desperately looking for ways to kickstart economic growth in the UK, which has flatlined since Labour came to power last July with the country teetering on the edge of going into recession.Speaking on a panel during a debate on the global economy in Washington DC on Thursday, Ms Reeves revealed that she believes now is the time to at least partly go back to pre-banking crisis regulations, in the hope it will inject much-needed growth into the City of London and financial markets.She said: “Excessive regulation makes it hard for new entrants to come into market, puts up prices for consumers. “So I do think that we’ve gone too far in one direction. And of course, after the financial crisis, we had to put in place a good, greater set of regulations than we had before, sure, but we are now what you know, getting on for 20 years since the financial crisis. And I do think we’ve got to think about that balance.”The chancellor is in Washington for crucial talks More

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    Reeves moves to appease Trump with new vision for global trade

    Rachel Reeves has made a dramatic bid to appease Donald Trump in an apparent bid to ensure a UK-US trade deal can be agreed.Speaking to finance leaders on a trip to Washington DC, the chancellor has made a bold call for a new global trading system which would correct “excessive imbalances” between different countries and trading blocs.Her remarks are a direct attempt to deal with the issues raised by President Trump when he unleashed sweeping global tariffs earlier this month, which sent shockwaves through stock markets before being abruptly paused for 90 days.Speaking at the International Monetary Fund’s biannual meeting on Thursday, Ms Reeves said: “I am proud that the UK has its global, open reputation, and it is one I want to strengthen.“But the world has changed and so must we. We are in a new era of global trade. And in that new era, we need a system that provides security for working people, stability for businesses, and prosperity for national economies.”She added: “To deliver this, we need to do three things: tackle excessive global trade imbalances, reduce barriers to trade, and promote strong multilateral institutions.”Rachel Reeves is in Washington for talks on a UK-US trade deal More

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    Farage sparks furious backlash after claiming children with special educational needs are ‘over diagnosed’

    Charities have been condemned Nigel Farage over “wildly inaccurate” claims about people with mental health problems and children with special educational needs (SEND).The National Autistic Society (NAS) led the criticism of Reform UK’s leader after he claimed in a rant on mental health problems that GPs are “over diagnosing” conditions.Speaking at a press conference in Dover, Mr Farage said: “It’s a massive problem. I have to say, for my own money, when you get to 18 and you put somebody on a disability register, unemployed, with a high level of benefits, you’re telling people aged 18 that they’re victims.”Reform UK leader Nigel Farage speaking at a press conference in Dover in Kent, while on the local election campaign trail (Gareth Fuller/PA) More

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    Voices: Addiction, misinformation and bullying: Why Independent readers want phones banned in classrooms

    The debate over children’s access to smartphones and social media has intensified in recent months, with growing concerns from teachers, parents, and experts about how screens are affecting young people’s mental health, behaviour, and ability to learn.In an article for The Independent, a headteacher in St Albans has branded the situation a “crisis,” describing daily issues in school linked to children’s use of WhatsApp, TikTok, and other online platforms.Reports of anxiety, bullying, and inappropriate content involving even very young children have sparked calls for urgent change, with many schools, including those involved in the Smartphone Free Childhood campaign, pushing for stricter rules to protect children both inside and outside the classroom.When we asked for your views on whether smartphones should be banned in schools, 73 per cent said yes, calling them too distracting. Only 8 per cent thought students should be allowed to use mobiles freely, while 18 per cent said they should be banned only during lessons. This split was reflected in the responses we received from readers. While some strongly supported a full ban, warning of addiction and falling attention spans, others believed the issue runs deeper and said better parenting, stronger regulation, and more engaging lessons are needed.Here’s what you had to say:Better regulation neededWe need far better regulation of the internet at all levels, especially for under-18s. The opportunity for bad actors to peddle poisonous, often dangerous misinformation online is legion.So start with banning smartphones in schools, and couple that with a strong message to parents explaining why this is necessary and desirable.As someone who works a lot with computers professionally, when I finish, my desire to “surf the net”, as they say, is limited. I would far rather read.I use WhatsApp as a useful messaging tool with clients and friends, and regard the internet as a very useful reference library. It can have many positives if properly used. This we need to communicate to younger generations, as the dangers of control of people’s minds and actions are all too possible.49ninerIssues existed long before smartphonesWhilst I agree that smartphones aren’t suitable for primary-aged children, there seems to be a lot of selective attention and memory happening here. I was a teacher between 1996 and 2015 in secondary schools and issues with attention, bullying and bad influences were happening before the internet and before smartphones. Misogyny, misinformation, porn and sexual assaults happened in the 80s when I was at school – misogyny and sexual assaults on school premises were probably more prevalent in the 80s than now, as they were ingrained in society at that time.When I was in my first few years of teaching in the late 90s, most children in secondary school had old-style mobile phones and some used them in class – texting under the table. My desk drawer ended up half full of phones, iPods, Tamagotchis in some lessons because children like to see what they can get away with. After I answered kids’ phones a few times in class and embarrassed them, the number of phones I had to confiscate gradually dwindled.We need to give children better things to focus on – a more interesting and varied curriculum that gives them a wide range of skills and interests instead of the tedium of sitting in silence in rows of desks and doing unnecessarily frequent testing. Out of school, there need to be a wide variety of clubs and activities where they can go and mix in person.We also need to make sure parents have the resources, time and skills to be good parents and to give their children the support, education and resources they need to grow up to be well-balanced with a wide range of skills.Create a child-friendly web space where educational and interest-based content is available – the internet can be a force for good as sites like YouTube have some useful content.CScarlettNationwide school ban neededI can’t understand why there isn’t a nationwide ban on smartphones in schools. There is not one argument I’ve heard that substantially supports their use in schools, but I have experienced students who appear addicted to their phones. This has serious implications for communication issues with others.onmyownForbidden fruitWhat is important is to be open about the use of mobile phones and ensure you know what children are doing with them. Parents can use ‘settings’ on their child’s phone to put time limits on activities and restrict use to certain times of day. If they are banned, they become the forbidden fruit and parents and teachers are less likely to know what is going on.R10ImpracticalitiesYes, definitely ban phones in/during the classroom. It will be a waste of effort and time to ban phones during classroom breaks. The enforcement will be impractical.MindTheGapRecognise the fact that smartphone use is an addiction. How many of you drop what you’re doing when your phone pings? How many of you go on your phone when watching TV, reading or listening to the radio, etc?How many of you panic and go on an immediate wild hunt when you can’t find your smartphone in the house? This is how it works – it’s an addiction.JustMeHereSocial media is the problemIt’s not the phones that are the problem. It’s social media. I’d emigrate to any country with an outright ban on social media. It’s made society barely worth living in.AjamesParents should take responsibilityHow about parents start taking responsibility for their children and stop expecting the schools and state to do so. If you think children are better off without phones, then how about being a good parent and not giving them one, or stop them taking it to school?Oh sorry, you expect the state to do all of this, like many parents expect the state to potty train their children.HairyferritIt’s the educators, not the phonesA smartphone is just a mini-computer. They can be used for many classroom purposes, or completely wasted and used for chit-chat. It’s the imagination and creativity of the education professionals that is in question here. Mobile phone applications for the execution of teacher education curricula will be used in other countries.MpA smartphone is practically a laptopI purchased my first “mobile” in 1993. It was sufficient to keep in touch with those I needed to. I am not against children having a “normal” mobile phone – it might even give parents a (false) sense of security – but a smartphone is practically going to school with a laptop and spending time on the internet rather than paying attention to what is going on in the classroom.AlexBRMobiles are used far too much for bullying. They are not needed during studies or even at break times. The distractions mean the UK is heading towards USA levels of attainment over the next few years. Kids use them for social media or playing games, very rarely for research to help with their lessons, and if they want to do research, there is always the school library. Ban them from schools and other places of learning.LadyCrumpsall Some of the comments have been edited for this article for brevity and clarity. You can read the full discussion in the comments section of the original article here.The conversation isn’t over. To join in, all you need to do is register your details, then you can take part in the discussion. You can also sign up by clicking ‘log in’ on the top right-hand corner of the screen.Make sure you adhere to our community guidelines, which can be found here. For a full guide on how to comment click here. More

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    Sir Keir Starmer unveils £2bn carbon capture deal creating 2,000 jobs

    Sir Keir Starmer has announced a £2bn agreement to fund carbon capture and storage (CCS) projects in the UK, which he said would create 2,000 jobs across north Wales and the North West. Speaking at an energy summit in London, the prime minister said the British government and Italian energy group Eni had reached an agreement which will see the company invest billions in facilities that take harmful carbon from the atmosphere and bury it deep underground in order to reduce the impact of emissions. Announcing the deal, which will see investment in the Liverpool Bay Carbon Capture and Storage Project, the prime minister said: “Our plan for change is working – we said we’d deliver jobs and growth through carbon capture technology, and now we have. Shovels ready for the ground, supporting over 2,000 new jobs and supporting thousands more, transforming the lives of hard-working people.” Sir Keir Starmer and Ursula von der Leyen at Thursday’s energy summit More

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    Top international official in Bosnia cuts financing for ruling Serb parties to pressure separatists

    The top international official in Bosnia on Thursday cut all budgetary financing for ruling political parties in the Serb-run part of the country, increasing the pressure on the entity’s pro-Russian president who is wanted over his separatist policies.Christian Schmidt, a German diplomat tasked with overseeing peace in Bosnia, accused the leadership of the Serb-run Republika Srpska entity of undermining the Dayton accords that ended the 1992-95 war in the country.Schmidt announced his move a day after Bosnian state police officers attempted to detain Milorad Dodik, the president of Republika Srpska, but were prevented by armed Bosnian Serb police.Schmidt’s Office of the High Representative has the authority to change and impose laws in Bosnia.Dodik is wanted for undermining Bosnia’s constitution with a series of laws boosting the independence of the Serb-run half of the country. Bosnian courts issued an arrest warrant for Dodik in March after he failed to appear for questioning.Schmidt said his decision on Thursday “supports the efforts by institutions of Bosnia-Herzegovina to counter the ongoing flagrant attacks … against the fundamental principles of the Dayton peace agreement and the constitutional and legal order.” Dodik has repeatedly called for the separation of the Serb-dominated territory from the rest of Bosnia, fueling fears of instability. He has faced U.S. and British sanctions for his separatism, but has had the support of Moscow.The suspension of budgetary funds for Dodik’s Alliance of Independent Social Democrats and allied United Srpska parties applies to all levels of government in Bosnia, Schmidt said. Those who fail to apply it will be held accountable, he added.Dodik on Thursday rejected Schmidt’s moves as illegal, threatening to arrest the German official if he came to Republika Srpska. “It is impossible to accept this. Republika Srpska will not accept it,” Dodik said.Wednesday’s botched attempt to detain Dodik reflects ongoing tensions in Bosnia years after the war which killed more than 100,000 people and displaced millions. The country is formally seeking European Union entry but progress has been stalled.The Bosnian State Investigation and Security Agency, or SIPA, said its officers gave up on their attempt to detain Dodik at a Republika Srpska government building east of the capital Sarajevo on Wednesday to avoid any incidents with the Serb armed police. Dodik left the building on Thursday under heavy security. The Bosnian war erupted in 1992 after Serbs staged an armed rebellion against the country’s independence from the former Yugoslavia and moved to unite with neighboring Serbia. More

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    Jenrick letter intensifies speculation he is preparing Tory leadership bid

    Robert Jenrick has fuelled speculation that he is preparing a leadership campaign to replace the beleaguered Kemi Badenoch with just a week to go before the local elections.A letter to local election candidates offering his support was revealed just 24 hours after a recording emerged of him laying out a pledge to unite the Conservative Party and Reform UK.In the letter Mr Jenrick said: “I firmly believe that the best way to defeat our opponents is to champion Conservative values. We must not only stand by our Conservative principles but also put them into action.”Shadow justice secretary Robert Jenrick told the UCL Conservative Association last month he wanted the ‘fight’ against Labour to be ‘united’ (Lucy North/PA) More

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    UK restricts export of video game controllers to Russia amid use to pilot drones

    Video game controllers used by Moscow to pilot drones in Ukraine are among the items which the Government has banned from being exported to Russia, the Foreign Office has announced.Some 150 new trade sanctions introduced by the UK are aimed at choking off the Kremlin’s war effort.Technology used in the Russian defence and energy sectors are among the items which can no longer be exported to Russia, including software used to search for and tap new oil and gas wells.Some chemicals, metals and machinery are also facing export bans in order to limit Russia’s military capability.Foreign Office minister Stephen Doughty claimed Russian President Vladimir Putin had been “buying harmless goods and turning them into tools of war”, but he added the the UK is “exposing and acting on this sinister trade”.“Today’s action clamps down on Russia’s sneaky trading and deprives Putin of the goods he desperately needs to fight his barbaric war,” the minister said.He added: “Cutting off Russia’s energy revenues will drain Putin’s war chest – that’s why we’re shutting down the sale of sophisticated software used to cash in on new oil and gas reserves, preventing UK expertise from being used to pour fresh fuel into Russia’s war machine.“We’re also banning outright video game controllers going to Russia, preventing them from being used to pilot drones on the front line, meaning gaming consoles will no longer be repurposed to kill in Ukraine.“And our tough new measures will also degrade Russia’s military machine – new export sanctions mean Putin will no longer be able to get his hands on specialist technology used to produce weaponry for his illegal war.”The fresh wave of sanctions comes a day after 15 MPs and six peers were banned from travelling to Russia, in retaliation against the UK’s ongoing response to the invasion of Ukraine.US President Donald Trump is currently pushing both Russia and Ukraine to accept the terms of a peace deal.Kyiv is resistant to the proposal, which would require it to give up vast swathes of territory currently occupied by Russian forces.The UK has meanwhile stepped up demands on Mr Putin to agree to an immediate unconditional ceasefire in Ukraine after a “brutal” overnight strike on Kyiv.Sir Keir Starmer said the attacks were a reminder that Russia is the aggressor, after Mr Trump lashed out at Ukraine’s president Volodymyr Zelensky and suggested he was the barrier to peace. More