Global oil and gas giants are reaping about $30m in extra profit every hour amid energy market turmoil, with annual takings forecast at $234bn. Campaigners urge a windfall tax to fund household support and green investment, and pressure is mounting on ministers to act.

The IMF warns that escalating tensions involving Iran could tip the global economy into recession, with Britain hit hardest in the G7. The UK’s reliance on energy imports and fragile growth would magnify higher prices and weaker output, tightening pressure on households and public finances.

An inquiry into the Southport attack found “catastrophic” failures across state agencies, citing buck‑passing, poor information‑sharing and missed chances to intervene. The PM called the findings harrowing. Ministers pledged urgent reform and accountability after families demanded action.

Hungary’s Tisza party, led by Péter Magyar, won the election, ending Viktor Orbán’s 16-year rule. Orbán conceded. The result is expected to reset relations with the EU and US and steer a new course in domestic policy.