Exclusive: Ex-minister accuses Labour of ‘overcautiousness’ and says his proposal was cut from manifesto
Wes Streeting has said his plan to ban “private equity sharks” from the social care sector was removed from the Labour manifesto, as he accused the government of “overcautiousness” in reforming the industry.
In a Fabian Society report on how to create a national care service, Streeting said overhauling social care was “one of the defining challenges of our age” but an “absence of good political leadership” was holding back change.
Tesco’s UK sales growth has more than halved as it said the conflict in the Middle East had created “ongoing uncertainty for many households”.
The UK’s biggest retailer said comparable sales rose 1.8% to £13.4bn in the three months to the end of May, below both the 4.2% reported in the previous quarter and the 2.3% growth City analysts had expected.
Unemployment fell and wages increased in April, official figures showed, putting pressure on the Bank of England to raise interest rates despite a peace deal in the Middle East.
The latest figures from the Office for National Statistics (ONS) showed unemployment slipped to 4.9% in the three months to April from 5% in the three months to March.
Sellers of luxury villas have wiped tens of millions of pounds off asking prices, with sales down 19% in May from the previous month
Property sales in Dubai have fallen “off a cliff”, a leading market watcher has said, after war in the Middle East forced a dramatic slowdown in one of the world’s most expensive real estate markets.
Sales in the city dropped 19% in May compared with the previous month, accelerating from a 4% drop in April, the researcher ValuStrat found.
Ecumenical Patriarch Bartholomew signs the agreement for the Prinkipo Orphanage. Seen are Archbishop Makarios of Australia, chairman of the committee, Metropolitan Theoliptos of Iconium, and other representatives. Credit: Ecumenical Patriarchate/ Nikos Papachristou
The Ecumenical Patriarchate has signed an agreement with Turkish and Greek investment companies for the redevelopment of the historic Prinkipo Greek Orphanage on the island of Prinkipo (Buyukada), paving the way for the restoration and conversion of the landmark building into a high-end hotel.
The agreement was signed on June 15 by Ecumenical Patriarch Bartholomew and Serdar Bilgili, Chairman of Bilgili Holding, a leading Turkish real estate investment company, in the presence of Costantza Sbokou-Konstantakopoulou, representing ENSOFI Holding, a Greek company active in sustainable tourism development and real estate investments.
According to an announcement issued by the Ecumenical Patriarchate, the agreement concerns the management and redevelopment of the historic property, which has remained unused and deteriorating for decades.
The signing ceremony took place at the Maraslios School in the Phanar. Among those present were Archbishop Makarios of Australia, Chairman of the Special Committee of the Ecumenical Patriarchate that studied and finalized the agreement.
The historic Prinkipo Greek Orphanage on the island of Prinkipo. Credit: Zamir Saglikoglu CC BY-SA-4.0
The history of the Prinkipo Greek Orphanage
The Prinkipo Greek Orphanage is one of the most significant historic properties associated with the Ecumenical Patriarchate. Constructed at the end of the nineteenth century as the intended “Prinkipo Palace” hotel, the building was never used for that purpose. In 1903, it was donated to the Patriarchate by the benefactress Eleni Zarifi and subsequently operated as an orphanage and residence for children until 1964, when it was closed by Turkish authorities.
For decades, the future of the massive wooden structure remained uncertain. In 2010, following an appeal by the Ecumenical Patriarchate, the European Court of Human Rights ruled in favor of the Patriarchate and recognized its ownership rights over the property after a lengthy legal dispute with the Turkish state.
That landmark decision enabled the Patriarchate to pursue options for preserving and restoring the historic building. However, efforts to restore it did not yield a solution because the cost of full restoration remained exceptionally high, and parts of the wooden edifice had already suffered severe collapses. According to the Patriarchate, the newly signed agreement represents the culmination of years of efforts to secure a sustainable future for the property while preserving its historical and cultural significance.
The Prinkipo Greek Orphanage is widely regarded as one of the largest wooden buildings in Europe and remains one of the most recognizable symbols of the historic Greek presence in Constantinople.
Exclusive: Economists find Brexit caused 12% depression in UK exports, most of which is due to leaving single market
Brexit has depressed UK exports to the EU by 12%, and rejoining the customs union would undo only a fraction of the damage, research shared with the Guardian shows.
With the UK’s future relationship with the bloc likely to feature prominently in a potential Labour leadership contest, the economists John Springford and Anton Spisak, of the Centre for European Reform, provide fresh evidence of the damage caused by exiting.
Supply problems pose risk to health, with common painkillers, epilepsy medication and HRT affected
Britons are facing some of the “most severe” shortages of NHS medicines on record including common painkillers, epilepsy drugs and HRT, health leaders have warned, even forcing some patients with impaired digestive systems to skip meals.
The National Pharmacy Association (NPA) has warned that medicine shortages pose a “serious risk to patient safety”.
The issues center upon more than 1,000 reports on unauthorised transactions totaling around A$35 million between January 2020 and August 2024, which included impersonation scams, where criminals...
All of Australia’s 2.7m small businesses will receive “generous” exemptions from capital gains tax, as Anthony Albanese flagged startups and testamentary trusts would be carved out of the government’s contentious tax reforms.
The concessions failed to appease business groups and the opposition, who demanded that Labor scrap the reforms altogether, while the Greens warned there was “still a way to go” before they agreed to back the legislation, which is before the Senate.
Small businesses with annual turnover of up to $10m will be eligible for existing CGT exemptions – which include an extra 50% discount – up from the current threshold of $2m.
The founders of “genuinely innovative” startups with very low or zero cost bases, alongside their early investors and employees paid with shares in the business, will be able to stick with the existing 50% flat CGT discount.
Testamentary trusts used to manage the income paid to beneficiaries from a deceased estate will be exempted from the proposed 30% minimum tax rate on discretionary trusts.
Polling released Wednesday found that most U.S. families have both parents working full-time jobs. The Pew Research Center found that, as of 2025, 52 percent of mothers and fathers in different-sex relationships with children under 18 both work full-time jobs, according to an analysis of U.S. Census Bureau data. This is up from 31 percent…
Polling released Wednesday found that most U.S. families have both parents working full-time jobs. The Pew Research Center found that, as of 2025, 52 percent of mothers and fathers in different-sex relationships with children under 18 both work full-time jobs, according to an analysis of U.S. Census Bureau data. This is up from 31 percent…
Days before Anthropic took its most advanced AI models offline, the White House ordered the company to revoke SK Telecom’s access to Claude Mythos over claims of alleged ties to China.
Coalition says it’s good Hanson and One Nation getting the scrutiny of a party on the rise
Kevin Hogan, the shadow assistant treasurer, says he thinks it’s good Hanson was able to speak at the press club yesterday as One Nation “needs to be put under much more scrutiny” amid surging support.
The GetUp stunt completely backfired, it makes them look like [bullies] and makes her look like, you know, a victim in the sense that she’s being picked on. And that never works.
One Nation have tapped into, I think, to some fear and anxieties in the Australian public, and I think we have to acknowledge that. I certainly don’t agree with all the solutions that she puts out there, but look, I think it was healthy that she front up and that she was invited yesterday.
If you’re coming to Australia to have a better life, you become an Australian. That’s what we’re referring to as a monocultured Australia. You’re an Australian first, and your ethnicity or your creed comes second …
The reality is, we’re a Christian Judeo society with a law structure around us, and they’ve come with one clear objective: to have a better life. And that one clear objective should be, if they want to have a better life here, is to live within our culture and live within our laws and rules.
It was direct shooting. It hit the targets. It was clear. It was successful. And it addressed a number of the elephants in the room … So the speech hit the target for where Australians are today.
New Federal Reserve Chair Kevin Warsh said Wednesday the central bank will move away from forecasting its future action under his leadership. In announcing its decision to hold interest rates steady, the Federal Open Market Committee (FOMC) opted not to include forward guidance. The panel typically provides information about the “likely future course of monetary policy,” in its…
New Federal Reserve Chair Kevin Warsh said Wednesday the central bank will move away from forecasting its future action under his leadership. In announcing its decision to hold interest rates steady, the Federal Open Market Committee (FOMC) opted not to include forward guidance. The panel typically provides information about the “likely future course of monetary policy,” in its…
What role will artificial intelligence play in business development and daily life? It’s one of the questions dominating this year’s Vivatech, Europe’s biggest event focused on startups and innovation. Our business editor Kate Moody sat down with Julia White, Vice President and Chief Marketing Officer of Amazon Web Services, to find out about the tech giant’s new AI shopping assistant, what jobs AI can and cannot do, and how to bring more women into leadership positions in Silicon Valley.
Nvidia CEO Jensen Huang is emphasizing society must change with the development and increased use of artificial intelligence, urging all individuals to engage with the technology. “We need to create new social norms,” Huang told The Associated Press in an interview Tuesday. “I would advocate that everybody use AI. Just go engage it,” he said,…
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