Wheat price heading for biggest jump in two months as Iran war threatens to drive food security higher – business live
Posted on Friday April 17, 2026

Rolling coverage of the latest economic and financial news

• Cuts to overseas aid will worsen shocks to global economy, David Miliband says

Britain’s blue-chip share index has dropped slightly, pulled down by electricity producers.

The FTSE 100 share index is down 15 points, or 0.14%, at 10,577.

“So, this is something that I’ve been attracted to for quite some time, delinking electricity and gas prices.

“At the moment, when gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change.

Events in the Middle East remain the key market driver, and President Trump’s overnight comments on the potential for further peace talks between the US and Iran could boost equity markets today.

A ceasefire between Israel and Iranian proxy Hezbollah after Israeli/Lebanese talks in Washington provides further hope for de-escalation.

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Cuts to overseas aid will worsen shocks to global economy, David Miliband says
Posted on Friday April 17, 2026

Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war

Cuts to overseas aid by countries including the US and the UK risk stoking global economic instability amid the humanitarian crisis resulting from the Iran war, David Miliband has said.

The former British foreign secretary and head of the International Rescue Committee (IRC) said the US “abandoning” of its aid programme under Donald Trump would worsen shocks to the global economy that would impact poor and wealthy countries alike.

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Rachel Reeves warns other budgets may be cut to lift defence spending
Posted on Thursday April 16, 2026

Chancellor says she is ‘working through a range of options’ to boost the armed forces but does not want to put up taxes

Rachel Reeves has warned “difficult choices” are required to increase defence spending and other budgets may have to be cut, including welfare.

Under pressure for a faster rise in the military budget amid the Iran conflict and Russia’s war in Ukraine, the chancellor said she was “working through a range of options” but preferred not to increase taxes or add to government borrowing.

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Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool
Posted on Friday April 17, 2026

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming days

British banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its impact.

Anthropic, which has so far limited the release of the new model to a small clutch of primarily US businesses, including Amazon, Apple and Microsoft, said it would expand that to UK financial institutions in the coming days.

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Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool
Posted on Friday April 17, 2026

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming days

British banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its impact.

Anthropic, which has so far limited the release of the new model to a small clutch of primarily US businesses, including Amazon, Apple and Microsoft, said it would expand that to UK financial institutions in the coming days.

Read more...

Liz Kendall urges UK public to embrace AI as government makes first £500m fund investment
Posted on Friday April 17, 2026

Technology secretary plays down fears over jobs and cyber security as stake taken in British startup

The UK technology secretary has urged the country to “make AI work for Britain”, brushing off fears about its impact on jobs and cybersecurity as the government announced its first investment under a £500m sovereign AI fund.

Liz Kendall said the UK had to “seize” the opportunity offered by AI despite concerns underlined this month when US startup Anthropic revealed it had developed an AI model that posed a potentially significant cyber threat.

Asked how the government makes the case for embracing a technology that could disrupt jobs and now cybersecurity, Kendall said: “We have to seize this to make it work, for Britain, for our jobs, for solving the biggest challenges we face as a world.”

Speaking on Thursday as the government unveiled its first investment in a UK company as part of a £500m sovereign AI fund, Kendall acknowledged “people are worried about the risks and what it means for their jobs”, but AI entrepreneurs also believed they can “make it work … they can create jobs”.

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Premier League: 10 things to look out for this weekend
Posted on Thursday April 16, 2026

A seismic clash between City and Arsenal, Tottenham need leadership, and could Eddie Howe recall Yoane Wissa?

Josh King learned of the difficulties that come with being a Premier League player at Liverpool on Sunday. The 19-year-old was withdrawn at the break after a tough first half at Anfield as Marco Silva wanted to change things when two goals down. It will be interesting to see how King reacts to the half-time hook when he is next called upon, whether he uses it as inspirational fuel or sees it as an undeserved irritation because he was not solely to blame for Fulham being behind. Silva will have a quandary over whether to start the youngster again or leave him stewing on the bench, offering a further reminder of what is required at the top level. King has impressed over the season and, sometimes, at this stage of a player’s development, it is a good idea to see what lessons are learned from a challenging moment. Will Unwin

Brentford v Fulham, Saturday 12.30pm (all times BST)

Leeds v Wolves, Saturday 3pm

Newcastle v Bournemouth, Saturday 3pm

Tottenham v Brighton, Saturday 5.30pm

Chelsea v Manchester United, Saturday 8pm

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Inspirational success stories are great but is ADHD really a superpower for elite athletes? | Emma John
Posted on Friday April 17, 2026

Researchers say mainstream framing of the condition as a characteristic for success can be invalidating for those who are struggling

Kirsty Brown is a keen golfer. “If I could just transport myself straight to the first tee, that would be amazing,” she says. “But getting there on time, remembering all my kit, making sure I’ve eaten before I play – all those aspects are more challenging than competing itself.” Brown, who has attention deficit hyperactivity disorder (ADHD), admits that can be hard to explain to coaches or teammates. “It doesn’t necessarily make sense to them – it doesn’t really make sense to me either.”

A researcher at the University of Birmingham, Brown is studying neurodivergent athletes in sport. And while plenty of well-known sportspeople now talk openly about their ADHD diagnoses, no one truly knows the condition’s impact on participation or performance. “There’s not a huge amount of research yet,” Brown says. “We have some case studies but in terms of data, we’re not there.”

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