Numbers using finance rises 170% in a year as leasing firms boom alongside leapin secondhand vehicle supply and surging fuel prices

The number of people leasing used electric cars in the UK has more than doubled in the last year as drivers look for cheaper ways to avoid soaring petrol prices during Donald Trump’s war on Iran.

Used electric car leasing has risen by 170% in the last year across members of the British Vehicle Rental and Leasing Association (BVRLA), a lobby group whose members buy about half the UK’s new vehicles to lease them out to businesses and consumers every year.

Donald Trump may reject the negotiations, but he cannot veto a global effort to make multinational companies answer to governments

Governments are told that public services must shrink because money is tight. Yet a new Tax Justice Network report says that countries could capture an extra $500bn a year without raising corporate tax rates. The answer is to tax multinational profits where real economic activity happens – known as unitary taxation. No new profit is created. Revenue simply shifts from tax havens where profits are “booked” to the countries where workers produce and customers spend.

Making that principle a global tax standard depends on UN talks opening in New York on Monday. Modelled on the UN climate regime, a fiscal framework convention would create the governing body and procedures, with protocols providing detailed rules. The UN wants agreement by late 2027. Donald Trump’s US walked out last year and urged others to follow. None did.

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Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender

Britain’s foreign secretary, Ed Miliband, is to indicate he will put the climate crisis and overseas development at the heart of UK international relations by taking up the country’s seat on the board at the World Bank.

The position, which is usually delegated to a junior minister, means Miliband will play an active role in shaping the changes to the World Bank that developing countries have called for, and ensuring the climate remains a core focus for overseas aid.

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.