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Amid fears of changes to tax-free ISAs in the upcoming Budget, Britons are rushing to maximise their savings in these accounts. Concerns stem from remarks by Rachel Reeves, who previously suggested a cap of £500,000 on tax-free ISAs, sparking fears that she might target ISAs for a tax raid. As a result, investments in stocks and shares ISAs have surged; one provider reported a 156% increase in contributions in September compared to the same period last year. The number of ISA millionaires has tripled in three years, with over three thousand holding more than £1 million in their ISAs, and thousands more nearing that figure. Analysts credit this growth to the power of compounding and investing in stocks and shares rather than just relying on cash ISAs. Proposed changes could reduce the £20,000 annual contribution limit or introduce a cap, worrying investors seeking to save for their future amid an increasingly taxed environment.
Five men have been arrested following the seizure of cannabis worth £5 million at Birmingham Airport. National Crime Agency (NCA) investigators and police apprehended the individuals, aged between 21 and 27, in Luton and London. The arrests are linked to a smuggling attempt in August, involving over half a tonne of cannabis flown into the UK from Thailand via Paris. Eleven passengers were initially detained and released on bail pending further investigations. The NCA has warned travellers arriving from countries where cannabis is legal that they face jail time if caught smuggling the drug into the UK. Cannabis seizures in the UK have tripled from 2023 to 2024, driven by organised crime groups seeking higher profits. These gangs exploit couriers for financial gain, with little regard for their safety or freedom.
A sixty-year-old woman has been arrested on suspicion of manslaughter following the deaths of three residents at a care home in Swanage, Dorset. The tragic incident unfolded on 23 October, leading to the evacuation of all 48 elderly residents, some with dementia; seven others were taken to the hospital. Emergency services responded swiftly, with fire crews and local volunteers providing temporary shelter and supplies for displaced residents, and the police have launched an investigation. The leader of the investigation team expressed condolences to the affected families, stressing that the arrest would help determine if gross negligence was involved. Local authorities are working to ensure displaced residents’ care needs are met. The community is deeply impacted by the incident, and local police are on hand to offer support as investigations continue.
The Government has confirmed that a ban on the sale of disposable vapes will take effect on 1 June 2025. There are growing concerns about the environmental impact and the rising number of young people becoming addicted to nicotine through vaping. Health officials report a significant increase in vape usage, with nearly five million being used and discarded every week. The ban aims to reduce waste, protect the environment, and curb the appeal of vapes to children. Health minister Andrew Gwynne said that a quarter of 11 to 15 year-olds used vapes last year, with disposable vapes being the most popular choice. The Government also plans to introduce a bill which will gradually raise the legal smoking age and implement stricter controls on the sale and marketing of vaping products. This is part of a broader effort to create a smoke-free future in the UK.
Former archbishop George Carey has urged CofE bishops in the House of Lords to support a bill on assisted dying, to give a ‘dignified, compassionate’ end to life for those suffering intractable pain. This stance contrasts sharply with the current CofE leadership; Justin Welby opposes the bill, warning of potential dangers and a slippery slope. The bishops in the Lords have until now resisted such legislation, calling instead for better palliative care. Support for assisted dying, however, is growing among the public and clergy alike, with polls showing a majority of Anglicans and other religious followers backing the change. Carey has urged church leaders to listen to the experiences of the dying. Meanwhile, religious leaders from other faiths, including Islam and Catholicism, oppose the bill, citing the sanctity of life and the risk of societal pressure on vulnerable individuals to opt for assisted death.
Arriving for the latest BRICS summit, Narendra Modi has told Vladimir Putin that India desires peace in Ukraine and is willing to assist in achieving a ceasefire. Putin has used the BRICS platform to highlight the non-Western world’s influence, despite efforts by the West to isolate Russia. BRICS is an intergovernmental organization comprising Brazil, Russia, India, China and South Africa. The summit, involving leaders from 22 nations, including China’s president Xi Jinping, altogether represents 45% of the world's population and 35% of its economy. This showcases BRICS' growing global significance, a welcome boost for Putin. When asked about the prospects for peace, he claimed that the West had now realised that Russia would be victorious, but he was open to peace talks based on the ceasefire agreements reached in Istanbul in April 2022. One Russian source stressed that much depended on the result of the US presidential election on 5 November.
In a fiery speech commemorating the 1956 uprising, Viktor Orbán has accused the EU of plotting to topple his government and install a ‘puppet regime’. He compared past occupations of Hungary by the Ottoman Empire and the Soviet Union to current tensions with the EU. He also claimed the EU is pushing Hungary into Russia's war in Ukraine, criticising Brussels' support for Kyiv. Hungary has repeatedly blocked or diluted EU sanctions on Russia and aid to Ukraine, aligning itself closer to Moscow. Also, Orban’s government has recently been fined €200 million by the European Court of Justice for ‘unprecedented and exceptionally serious breach of EU law’ because of the country's strong restrictions on the right to asylum.
South Korean president Yoon Suk Yeol has vowed that his government ‘won’t sit idle’ following reports that North Korea has sent three thousand troops to support Russia in its war against Ukraine. In a meeting with the Polish president, Yoon said that this deployment violates UN resolutions and threatens global security. South Korea’s spy agency says North Korea aims to send up to ten thousand troops to Russia by the end of 2024, though both Moscow and Pyongyang deny the claims. In response, Yoon indicated that South Korea is preparing diplomatic, economic, and military countermeasures in collaboration with allies, including possibly providing Ukraine with weapons systems. While South Korea has so far only supplied Ukraine with non-lethal aid, the situation may prompt a shift in policy. Tensions in the Korean peninsula have intensified as North Korea has reportedly used Russia's invasion of Ukraine as an opportunity to enhance its nuclear and missile programmes. The two leaders also discussed expanding defence cooperation, including new arms deals for Polish military upgrades. See
India and China have agreed to resume patrols along the disputed Line of Actual Control (LAC) in eastern Ladakh, signalling a potential reduction in tensions following their 2020 clash in Galwan Valley in which twenty Indian soldiers were killed. Both nations have longstanding territorial claims in this region. However, a day after this agreement was announced, Indian army chief General Upendra Dwivedi stated that significant trust issues remain, and restoring confidence between the nations is crucial for further progress. He said that both nations need to be reassured before carrying out a disengagement process: patrolling along the border would help that process, as ‘we will be able to see each other and check that we are not creeping into buffer zones’.
Commonwealth leaders are preparing to challenge the UK on the issue of slavery reparations at their upcoming summit, despite Downing Street's insistence that reparatory justice is not on the official agenda. Diplomatic sources say that Commonwealth officials are negotiating an agreement to begin meaningful conversations about reparations for the transatlantic slave trade. This could leave the UK facing significant financial reparations, with some estimates suggesting it owes over £18 trillion to Caribbean nations alone. Frederick Mitchell, foreign minister of the Bahamas, emphasised the need for an apology and acknowledged that reparations go beyond money, highlighting the importance of respect and recognition of past wrongs. Caribbean leaders have intensified their calls for reparations, but the UK government maintains its position against paying them, focusing instead on present-day challenges, such as climate change. King Charles has expressed regret over colonial wrongdoings but stopped short of an apology. The issue is expected to become a central focus at the next Commonwealth summit in 2026.