Elon Musk gave $5 million to back Vivek Ramaswamy’s campaign for Ohio governor, seemingly moving past tensions around the effort to downsize the federal work force.
Elon Musk gave $5 million to back Vivek Ramaswamy’s campaign for Ohio governor, seemingly moving past tensions around the effort to downsize the federal work force.
Elon Musk and Vivek Ramaswamy developed a frosty relationship after President Trump named them as the leaders of the so-called Department of Government Efficiency.
The Arizona Democrat said he had raised and given away $10 million to fellow members of his party and committees as he mulls a presidential run in 2028.
The Arizona Democrat said he had raised and given away $10 million to fellow members of his party and committees as he mulls a presidential run in 2028.
Senator Mark Kelly’s fund-raising jumped last year after President Trump accused him and five other Democrats of “sedition” over a video in which they told service members they could ignore illegal orders.
Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group sells shareholdingThe French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn.On Friday, the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share. Continue reading...
Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group sells shareholding
The French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn.
On Friday, the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share.
Senate Majority PAC says it entered July with $126 million, a new midyear high, after raising $147 million with an affiliated nonprofit from April through June. But can it keep pace with the G.O.P.?
Senate Majority PAC says it entered July with $126 million, a new midyear high, after raising $147 million with an affiliated nonprofit from April through June. But can it keep pace with the G.O.P.?
Senate Majority PAC says it entered July with $126 million, a new midyear high, after raising $147 million with an affiliated nonprofit from April through June. But can it keep pace with the G.O.P.?
Senate Majority PAC says it entered July with $126 million, a new midyear high, after raising $147 million with an affiliated nonprofit from April through June. But can it keep pace with the G.O.P.?
The High Pay Centre revealed the excesses of CEO wages. But then anti-diversity winds blew in from across the AtlanticShock ricocheted around the world of social research this week with the sudden news of the imminent closure of the High Pay Centre (HPC). Founded in 2011 by the former Guardian business editor Deborah Hargreaves to focus on analysis of extreme pay at the top and the widening pay gap between CEOs and their average employees, its closure feels like the death of an idea.Others campa
The High Pay Centre revealed the excesses of CEO wages. But then anti-diversity winds blew in from across the Atlantic
Shock ricocheted around the world of social research this week with the sudden news of the imminent closure of the High Pay Centre (HPC). Founded in 2011 by the former Guardian business editor Deborah Hargreaves to focus on analysis of extreme pay at the top and the widening pay gap between CEOs and their average employees, its closure feels like the death of an idea.
Others campaign on tax and redistribution but the HPC was concerned with “predistribution”. It was unique in looking at the origins of inequality in pay and control over pay rates. Its annual report is always covered, even by rightwing media, because each year it reawakens a sense of disbelief at the way we live now. Why would the median FTSE 100 CEO need £4.4m this year to do his (yes, mostly still his) gratifyingly high-status job? Why?
Refuge reports ‘staggering’ 78% annual increase in referrals for cases of technology-facilitated or economic abuseDomestic abuse charities have reported a “staggering” increase in perpetrators using technology and finances to control their victims, with a “concerning” rise in people being coerced into car finance agreements.Data from Refuge, the UK’s largest specialist domestic abuse charity, reveals a 78% rise in referrals for cases of technology-facilitated or economic abuse in the past year.
Refuge reports ‘staggering’ 78% annual increase in referrals for cases of technology-facilitated or economic abuse
Domestic abuse charities have reported a “staggering” increase in perpetrators using technology and finances to control their victims, with a “concerning” rise in people being coerced into car finance agreements.
Data from Refuge, the UK’s largest specialist domestic abuse charity, reveals a 78% rise in referrals for cases of technology-facilitated or economic abuse in the past year.
A new architecture book lifts the lid on Prime Minister Edi Rama’s personal role in bringing world-renowned architects to Albania, inadvertently fuelling discontent over what critics say is an informal form of governance that puts little stock in rules or transparency.
A new architecture book lifts the lid on Prime Minister Edi Rama’s personal role in bringing world-renowned architects to Albania, inadvertently fuelling discontent over what critics say is an informal form of governance that puts little stock in rules or transparency.
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freezeSlideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said.The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 f
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freeze
Slideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said.
The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 for three years from April 2027.
A team from across the Guardian set out to investigate the full extent of private equity’s stake in Britain’s public and essential services. The scale and opacity posed many challenges When Carmen Aguilar García began investigating the involvement of private equity firms in England’s childcare sector with her fellow data journalists three years ago, she didn’t imagine her efforts would one day be scaled up to examine private equity’s role in the entire UK economy. That ambitious undertaking by C
A team from across the Guardian set out to investigate the full extent of private equity’s stake in Britain’s public and essential services. The scale and opacity posed many challenges
When Carmen Aguilar García began investigating the involvement of private equity firms in England’s childcare sector with her fellow data journalists three years ago, she didn’t imagine her efforts would one day be scaled up to examine private equity’s role in the entire UK economy. That ambitious undertaking by Carmen and colleagues from across the Guardian was published earlier this week.
“The initial investigation into the childcare sector in 2023 was already challenging and a big team effort,” says Carmen, a data projects editor at the Guardian. “Extrapolating it to the whole economy did not seem realistic back then.”
New analysis by the Guardian has revealed the disturbing extent of these firms’ influence in highly sensitive areasChildren’s homes and care placements are not ordinary commodities. Yet Britain has allowed some of its most sensitive public services to become assets in private equity portfolios: bought, loaded with debt, restructured and sold, while the state continues to fund the contracts and vulnerable people carry the risk when things go wrong.Private equity’s role in public services is not n
New analysis by the Guardian has revealed the disturbing extent of these firms’ influence in highly sensitive areas
Children’s homes and care placements are not ordinary commodities. Yet Britain has allowed some of its most sensitive public services to become assets in private equity portfolios: bought, loaded with debt, restructured and sold, while the state continues to fund the contracts and vulnerable people carry the risk when things go wrong.
Private equity’s role in public services is not notional. The year after Compass Community was sold by its owner, Graphite Capital, to another private equity group, Cap10, the poor state of some of its children’s homes was made plain by Ofsted reports. Inspectors who visited two homes in England – which had previously been rated good and outstanding – found “high levels of distress” and staff as well as children feeling unsafe. Cap10 denies that standards fell following the change of ownership.
‘Home fee’ qualification ends in 2028, leaving those hoping to study in UK not now eligible for British loansBritish teenagers living in the EU could be priced out of UK universities in two years’ time as a Brexit rule change means they face the double whammy of paying costlier international fees, while losing access to student finance.British passport holders living in the EU still qualify for “home fee” status at UK universities. But this will no longer be the case when the grace period ends i
‘Home fee’ qualification ends in 2028, leaving those hoping to study in UK not now eligible for British loans
British teenagers living in the EU could be priced out of UK universities in two years’ time as a Brexit rule change means they face the double whammy of paying costlier international fees, while losing access to student finance.
British passport holders living in the EU still qualify for “home fee” status at UK universities. But this will no longer be the case when the grace period ends in 2028, meaning the first wave to be affected are starting their A-levels, or equivalent, this autumn.
Most of the party’s top candidates are starting their own super PACs instead of relying on a powerful group run by Washington leaders. The move allows them to seize control of their financial destinies.
Most of the party’s top candidates are starting their own super PACs instead of relying on a powerful group run by Washington leaders. The move allows them to seize control of their financial destinies.
Representative Ashley Hinson of Iowa and Senator Jon Husted of Ohio are two of the Republican candidates for Senate this year with their own allied super PACs.
The bulk of the new revenue for President Trump comes from the cryptocurrency industry, which his family aggressively moved into starting in late 2024.
The decision, which allows parties to spend more in coordination with candidates, is likely to further expand the power of big money in American politics.
The decision, which allows parties to spend more in coordination with candidates, is likely to further expand the power of big money in American politics.
Delegates and supporters at the Republican National Convention in 2024. The National Republican Senatorial Committee brought a legal challenge against limits on coordinated spending when JD Vance ran for Senate in 2022.
The Arizona senator used campaign money to fly his family to Nantucket and the Caribbean. The Justice Department has said it is investigating his campaign finance activity.
The Arizona senator used campaign money to fly his family to Nantucket and the Caribbean. The Justice Department has said it is investigating his campaign finance activity.
Senator Ruben Gallego of Arizona repeatedly took his family to vacation destinations and billed tens of thousands of dollars in flights to his campaign accounts just in 2025.
Almost £24.4bn of government money went to private equity-run firms in year to April 2025, Guardian analysis shows‘Treating children like cattle’: what happens when private equity takes over a UK care home?Nurseries, vets and shops: the sectors where private equity plays a big roleGood for business – or profit at any cost? The controversial side of private equity – a visual explainer One pound in every £11 of UK government spending on contractors went to private equity-controlled companies last
One pound in every £11 of UK government spending on contractors went to private equity-controlled companies last year, research shows, including key services such as transport, waste management and healthcare.
Politicians and economists have raised concerns over the “financial fragility and sharp cost cutting” created by private equity-backed firms, which often have high levels of debt, and the “conflicting interests” in running public services for maximum profit.
With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to a story of personalities. The question that matters is strategy, and the Labour party has three years left to get this right.When Labour won its landslide in July 2024, it did so on the promise of a new kind of governance: five national missions to tackle the UK’s deepest
With a new prime minister incoming, Labour faces a fundamental question about its economic vision
As Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to a story of personalities. The question that matters is strategy, and the Labour party has three years left to get this right.
When Labour won its landslide in July 2024, it did so on the promise of a new kind of governance: five national missions to tackle the UK’s deepest structural challenges, from clean energy to child poverty, inspired by my book, Mission Economy. That was the right answer to a real question: what is the economy for, and why should it matter to people’s daily lives? Mission-oriented government is not just a political slogan, but a proven approach to solving society’s biggest challenges, generating good jobs and resilient growth in the process.
Experts say students from poorer backgrounds increasingly having to limit their options because of money worriesMost days, Mariam spends hours simply waiting.The 19-year-old University College London student often finishes her lectures by mid-morning but has careers events or society meetings in the evening. The three-hour round trip to her family home means travelling back and forth makes little sense, so she waits on campus instead. More often than not, by the time the event starts, she is too
Experts say students from poorer backgrounds increasingly having to limit their options because of money worries
Most days, Mariam spends hours simply waiting.
The 19-year-old University College London student often finishes her lectures by mid-morning but has careers events or society meetings in the evening. The three-hour round trip to her family home means travelling back and forth makes little sense, so she waits on campus instead. More often than not, by the time the event starts, she is too exhausted to stay long.
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