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Subject: Evening Blend: Only the good news, please
From: "Michael Simmons" <daily@spectator.co.uk>
To: "neil@itpartnership.com" <neil@itpartnership.com>
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Content-Transfer-Encoding: quoted-printable
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=E2=80=8C =
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Only the good news, please
by Michael Simmons
Hello and welcome to Monday=E2=80=99s Evening Blend. Today marks the beginn=
ing of week two of the Burnham premiership and the new PM continues as he s=
tarted, with a blitz of policy announcements. No matter how thin these anno=
uncements are in reality (=C2=A345 a year off energy bills, =C2=A31,000 per=
pub etc), the politics =E2=80=93 at least =E2=80=93 seem to be working.
This morning, Labour overtook Reform on The Spectator=E2=80=99s poll tracke=
r with a one-point lead over Nigel Farage=E2=80=99s party on average. The B=
urnham Bounce in our poll of polls passed the =E2=80=98crossover=E2=80=99 p=
oint thanks to a poll by More in Common, which gave the governing party a f=
our-point lead =E2=80=93 Labour=E2=80=99s first lead since March last year =
and its highest vote share projection since November 2024. Reform, meanwhil=
e, saw its vote share fall by two percentage points.
If this lead is sustained =E2=80=93 or even grows =E2=80=93 Burnham could f=
ace the temptation to go for an early election, despite having ruled one ou=
t at the weekend.
For now, though, the strategy seems to be to keep bashing out the policy an=
nouncements =E2=80=93 costed or not =E2=80=93 to mark a clear distinction f=
rom the early days of Keir Starmer=E2=80=99s reign, which was marked by glo=
omy forecasts, cuts and tough medicine before anything more positive was ca=
joled out of him.
The policy blitz will continue tomorrow with an announcement on how Burnham=
plans to get young Britons back to work and halt the growing Neets crisis,=
which currently sees more than one million 16- to 24-year-olds not in educ=
ation, employment or training. According to reporting in the FT, Burnham=E2=
=80=99s plan to bring down the welfare bill will focus on =E2=80=98stopping=
people being disconnected from work=E2=80=99, which apparently means adapt=
ing and localising school curriculums to better match the skills required b=
y employers in local areas.
The real test for Burnham, though, is whether he is willing to =E2=80=98spe=
nd political capital=E2=80=99 on proper welfare reform. Something that his =
predecessor failed to do and something that, if he does not do it, will mea=
n a succession of voter-angering stories such as the one in today=E2=80=99s=
Times, which reported that teenagers claiming sickness benefit for anxiety=
receive =C2=A3100 a week more than their peers who are working part-time m=
inimum-wage jobs.
Burnham won=E2=80=99t stop there, though, with a speech on social care plan=
ned for Wednesday, defence announcements on Thursday and further briefings =
on devolution pencilled in for Friday.
Meanwhile, the rumour mill has gone into overdrive, with Whitehall bracing =
itself for possible announcements on council tax reform, a land/property va=
lue tax and scrapping stamp duty (Britain=E2=80=99s worst tax). The trouble=
is, though, that these rumours could cause the housing market to grind to =
a halt because why would anyone pay stamp duty if they could hold off for a=
few months to avoid it? As such, the Prime Minister=E2=80=99s spokesman sa=
id today that scrapping council tax or stamp duty was not =E2=80=98under ac=
tive consideration by the Prime Minister=E2=80=99, while Burnham himself we=
nt further this afternoon, saying of the stamp duty rumours: =E2=80=98I can=
say that quite clearly, that won=E2=80=99t be happening.=E2=80=99
The Downing Street strategy, then, is to be the anti-Starmer, with announce=
ment after announcement designed to keep the =E2=80=98Burnham bounce=E2=80=99=
bouncing. But eventually the low-hanging policy fruit will begin to wither=
, and questions will shift from what he=E2=80=99s willing to announce to wh=
at he=E2=80=99s actually willing =E2=80=93 and able =E2=80=93 to do.
Explore the Spectator Club
We are joining forces with Boisdale to restore the charm and fun of Beaujol=
ais Nouveau Day to the UK=E2=80=99s vinous calendar, in partnership with th=
e legendary wine producer Pardon et Fils. Spectator business editor Martin =
Vander Weyer and Boisdale founder Ranald Macdonald will host a five-course =
lunch, during which you will enjoy three Beaujolais Nouveau 2026 wines, alo=
ng with four outstanding Pardon et Fils Cru Beaujolais.
Watch now [https://club.spectator.co.uk/events/boisdale-the-spectator-beau=
jolais-nouveau-lunch-2026]
Portrait of the day
Andy Burnham welcomed Volodymyr Zelensky to a naval base in Portsmouth earl=
ier. The PM said: =E2=80=98This is going to be a close partnership=E2=80=99=
and promised to visit Ukraine soon. Lisa Haseldine reports [https://spec=
tator.com/article/burnhams-support-for-ukraine-is-off-to-a-positive-start/]=
on Coffee House. The government unveiled a round of PPS appointments this=
afternoon, including those of three members of the Corbyn-supporting socia=
list campaign group. Noa Hoffman reports [https://spectator.com/article/b=
urnham-welcomes-the-far-left-into-government/] on Coffee House. Sir Clive =
Alderton, the King=E2=80=99s private secretary, is to step down [https://=
www.thetimes.com/uk/royal-family/article/clive-alderton-king-principal-priv=
ate-secretary-rgg6bxv3h] from his role after 20 years at Buckingham Palace.=
The number of millionaires in Britain has dropped [https://www.telegrap=
h.co.uk/business/2026/07/27/number-of-uk-millionaires-shrinks-lowest-two-de=
cades/] to its lowest level in nearly two decades, according to research fr=
om the Adam Smith Institute. There were 442,000 people in Britain with weal=
th of more than =C2=A31 million, down 7 per cent from last year and the low=
est level since the 2008 financial crash.
Most read on The Spectator
We should politicise the Berlin Pride attack [https://spectator.com/articl=
e/we-should-politicise-the-berlin-pride-attack/?status=3D=
Non-subs=
=
] =E2=80=93 Brendan O=E2=80=99Neill
Andy Burnham is not a literary PM [https://spectator.com/article/andy-burn=
ham-is-not-a-literary-pm/?status=3D=
Non-subs=
=
] =E2=80=93 Angus Colwell
There=E2=80=99s only one reason Meghan went on MasterChef Australia [https=
://spectator.com/article/theres-only-one-reason-meghan-went-on-masterchef-a=
ustralia/?status=3D=
Non-subs=
=
] =E2=80=93 Alexander Larman
=2E
=E2=80=98All this is going to rattle the markets.=E2=80=99
=2E
=
=
=
=
=
=
Enjoying the Evening Blend?
Why not try The Spectator=E2=80=99s Lunchtime Espresso newsletter? Keep up-=
to-date with major political and economic events in the UK =E2=80=93 and wo=
rldwide =E2=80=93 with our concise summary, delivered every weekday lunchti=
me.
SIGN UP HERE [https://www.spectator.co.uk/lunchtime-espresso/?utm_source=3D=
blend]
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From Spectator Life
The horror of a French heatwave [https://spectator.com/article/the-horror-=
of-a-french-heatwave/?edition=3Dus?status=3D=
Non-subs=
=
]
Sean Thomas
YouTube is destroying childhood [https://spectator.com/article/youtube-is-=
destroying-childhood/?edition=3Dus?status=3D=
Non-subs=
=
]
Nancy Alsop
On the bourbon trail in Cincinnati [https://spectator.com/article/on-the-=
bourbon-trail-in-cincinnati/?edition=3Dus?status=3D=
Non-subs=
=
]
Jonathan Ray
=2E
Barometer
Oil price (barrel of Brent crude)
$89.09
down 7.95% on the day, up 22.83% on a year ago
GBP/USD exchange rate
$1.33
down 0.04=C2=A2 on the day, down 1.32=C2=A2 on a year ago
Average new two-year fixed-rate mortgage
5.60%
up 0.01pts on the day, up 0.57pts on a year ago
Rates from Moneyfacts
Follow us Sign up for more Specta=
tor newsletters here [https://www.spectator.co.uk/emails]
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The Spectator, 22 Old Queen Street, London, SW1H 9HP
Contact us [https://www.spectator.co.uk/faqs]
Reg no. 01232804 [tel:01232804] Copyright =C2=A9 2026 The Spectator (1828=
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204; ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌</div>
<table class=3D"gmail-fix" width=3D"100%" cellspacing=3D"0" cellpaddin=
g=3D"0" style=3D"background-color:#ffffff;background-image:none;background-=
repeat:repeat;background-position:top left;background-attachment:scroll;min=
-width:320px;" >
<tr>
<td class=3D"p-0" style=3D"padding-top:30px;padding-bottom:30px;pad=
ding-right:10px;padding-left:10px;mso-line-height-rule:exactly;" >
<table class=3D"w-100p" width=3D"710" align=3D"center" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"max-width:710px;background-color:#fff;b=
ackground-image:none;background-repeat:repeat;background-position:top left;=
background-attachment:scroll;border-radius:5px;box-shadow:0 0 40px 0 #d1d1d=
1;margin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;width:100=
% !important;" >
<tr>
<td style=3D"padding-top:0;padding-bottom:0;padding-right:0;p=
adding-left:0;mso-line-height-rule:exactly;" >
=20
=
=
=
=
=
=
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0" role=3D"presentation">
<tr>
<td style=3D"mso-line-height-rule:exactly;" >
<table width=3D"710" align=3D"center" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"max-width:710px;wid=
th:100%;margin-bottom:20px;" >
<tr>
<td align=3D"center" style=3D"padding-top:0;p=
adding-bottom:0;padding-right:0;padding-left:0;mso-line-height-rule:exactly=
;" >
<img src=3D"https=
://i9.=
cmail20.com=
/ti/j/57/36F/8ED/221858/images/header_eveningblend_f=
=2Ejpg" width=3D"550" alt=3D"Evening Blend | Spectator Daily"=
label=3D"Evening Blend header" style=3D"display:block;width:100%;max-width=
:550px;height:auto;border-width:0;outline-color:0;text-decoration:none;" />
</td>
</tr>
<tr>
<td style=3D"height:1px;line-height:1px;font-=
size:1px;background-color:#dddddd;background-image:none;background-repeat:r=
epeat;background-position:top left;background-attachment:scroll;mso-line-he=
ight-rule:exactly;" >
‌
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
=
=
=
=09
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td class=3D"bylinetd" style=3D"padding-top:0;paddi=
ng-bottom:2px;padding-right:15px;padding-left:15px;mso-line-height-rule:exa=
ctly;" >
<table width=3D"100%" cellpadding=3D"0" cellspaci=
ng=3D"0" border=3D"0" style=3D"max-width:610px;width:100% !important;margin=
-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
=20
<td class=3D"mobile-show" width=3D"70" style=3D=
"width:70px;vertical-align:bottom;padding-right:12px;display:none;max-heigh=
t:0;overflow:hidden;mso-hide:all;mso-line-height-rule:exactly;" >
<img src=3D"https=
://i2.=
cmail20.com=
/ti/j/57/36F/8ED/221858/images/byline-msimmons.png" =
alt=3D"Michael Simmons" class=3D"blend-img" width=3D"70" label=3D"Mobi=
le byline image =E2=80=93=C2=A0CHANGE DESKTOP TOO" style=3D"display:block;w=
idth:70px;height:auto;border-width:0;outline-color:0;text-decoration:none;"=
/>
</td>
=20
<td style=3D"text-align:left;vertical-align:b=
ottom;mso-line-height-rule:exactly;" >
<div class=3D"blend-headline" style=3D"font=
-family:EBGaramond, Garamond, 'Times New Roman', Times, serif;font-size:26p=
x;line-height:32px;color:#333;font-weight:400;margin-top:0;margin-bottom:0;=
margin-right:0;margin-left:0;" ><p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
Only the good news, please</p>
</div>
<div class=3D"blend-byline" style=3D"font-f=
amily:EBGaramond, Garamond, 'Times New Roman', Times, serif;font-size:19.5p=
x;line-height:25px;color:#333;text-align:left;" ><p style=3D"margin-top:0;m=
argin-bottom:0;margin-right:0;margin-left:0;" >
by <i style=3D"font-style:italic;" >Michael Simmons</i></p>
</div>
</td>
=20
<td class=3D"mobile-hide" width=3D"70" align=3D=
"right" style=3D"width:70px;vertical-align:bottom;text-align:right;padding-=
left:12px;mso-line-height-rule:exactly;" >
<img src=3D"https=
://i2.=
cmail20.com=
/ti/j/57/36F/8ED/221858/images/byline-msimmons.png" =
alt=3D"Michael Simmons" class=3D"blend-img" width=3D"70" label=3D"Desk=
top byline image" style=3D"display:block;width:70px;height:auto;border-widt=
h:0;outline-color:0;text-decoration:none;" />
</td>
</tr>
</table>
</td>
</tr>
</table>
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td height=3D"15" style=3D"font-size:0;line-height:=
0;mso-line-height-rule:exactly;" >
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td style=3D"font-style:normal;font-variant:n=
ormal;font-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond,=
Times New Roman, Times, serif;line-height:25px;color:#333;mso-line-height-=
rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:10px=
;margin-right:0;margin-left:0;" >
Hello and welcome to Monday=E2=80=99s Evening Blend. Today marks the begin=
ning of week two of the Burnham premiership and the new PM continues as he =
started, with a blitz of policy announcements. No matter how thin these ann=
ouncements are in reality (=C2=A345 a year off energy bills, =C2=A31,000 pe=
r pub etc), the politics =E2=80=93 at least =E2=80=93 seem to be working.<b=
r />
<br />
This morning, Labour overtook Reform on <em>The Spectator=E2=80=99s</em>&n=
bsp;poll tracker with a one-point lead over Nigel Farage=E2=80=99s party on=
average. The Burnham Bounce in our poll of polls passed the =E2=80=98cross=
over=E2=80=99 point thanks to a poll by More in Common, which gave the gove=
rning party a four-point lead =E2=80=93 Labour=E2=80=99s first lead since M=
arch last year and its highest vote share projection since November 2024. R=
eform, meanwhile, saw its vote share fall by two percentage points.<br />
<br />
If this lead is sustained =E2=80=93 or even grows =E2=80=93 Burnham could =
face the temptation to go for an early election, despite having ruled one o=
ut at the weekend.<br />
<br />
For now, though, the strategy seems to be to keep bashing out the policy a=
nnouncements =E2=80=93 costed or not =E2=80=93 to mark a clear distinction =
from the early days of Keir Starmer=E2=80=99s reign, which was marked by gl=
oomy forecasts, cuts and tough medicine before anything more positive was c=
ajoled out of him.<br />
<br />
The policy blitz will continue tomorrow with an announcement on how Burnha=
m plans to get young Britons back to work and halt the growing Neets crisis=
, which currently sees more than one million 16- to 24-year-olds not in edu=
cation, employment or training. According to reporting in the <em>FT</em>, =
Burnham=E2=80=99s plan to bring down the welfare bill will focus on =E2=80=98=
stopping people being disconnected from work=E2=80=99, which apparently mea=
ns adapting and localising school curriculums to better match the skills re=
quired by employers in local areas.<br />
<br />
The real test for Burnham, though, is whether he is willing to =E2=80=98sp=
end political capital=E2=80=99 on proper welfare reform. Something that his=
predecessor failed to do and something that, if he does not do it, will me=
an a succession of voter-angering stories such as the one in today=E2=80=99=
s <em>Times</em>, which reported that teenagers claiming sickness benefit f=
or anxiety receive =C2=A3100 a week more than their peers who are working p=
art-time minimum-wage jobs.<br />
<br />
Burnham won=E2=80=99t stop there, though, with a speech on social care pla=
nned for Wednesday, defence announcements on Thursday and further briefings=
on devolution pencilled in for Friday.<br />
<br />
Meanwhile, the rumour mill has gone into overdrive, with Whitehall bracing=
itself for possible announcements on council tax reform, a land/property v=
alue tax and scrapping stamp duty (Britain=E2=80=99s worst tax). The troubl=
e is, though, that these rumours could cause the housing market to grind to=
a halt because why would anyone pay stamp duty if they could hold off for =
a few months to avoid it? As such, the Prime Minister=E2=80=99s spokesman s=
aid today that scrapping council tax or stamp duty was not =E2=80=98under a=
ctive consideration by the Prime Minister=E2=80=99, while Burnham himself w=
ent further this afternoon, saying of the stamp duty rumours: =E2=80=98I ca=
n say that quite clearly, that won=E2=80=99t be happening.=E2=80=99<br />
<br />
The Downing Street strategy, then, is to be the anti-Starmer, with announc=
ement after announcement designed to keep the =E2=80=98Burnham bounce=E2=80=
=99 bouncing. But eventually the low-hanging policy fruit will begin to wit=
her, and questions will shift from what he=E2=80=99s willing to announce to=
what he=E2=80=99s actually willing =E2=80=93 and able =E2=80=93 to do.</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td class=3D"wi-100p" align=3D"center" style=3D=
"padding-top:0;padding-bottom:10px;padding-right:0;padding-left:0;mso-line-=
height-rule:exactly;" >
<img src=3D"https=
://i5.=
cmail20.com=
/ei/j/0E/76D/7D8/csimport/T9gus-the-spectator-poll-t=
racker-5.180057.png" width=3D"372" label=3D"Image" height=3D"377" style=3D=
"width:100% !important;max-width:372px;vertical-align:top;height:auto !impo=
rtant;" />
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tr>
<td style=3D"padding-top:30px;padding-bottom:30px;padding-right=
:15px;padding-left:15px;border-bottom-width:1px;border-bottom-style:solid;b=
order-bottom-color:#C0C0C0;border-top-width:1px;border-top-style:solid;bord=
er-top-color:#C0C0C0;background-color:#F8F8F8;background-image:none;backgro=
und-repeat:repeat;background-position:top left;background-attachment:scroll=
;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width:610px;width:100% !important;margin-top:0;ma=
rgin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr class=3D"thold">
=09
<th class=3D"thead" width=3D"290" align=3D"left" style=3D"ve=
rtical-align:center;padding-top:0;padding-bottom:0;padding-right:0;padding-=
left:0;" >
<table class=3D"w-100p" align=3D"center" cellpadding=3D"0"=
cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;margin-right:15px;=
margin-left:0;padding-top:0;padding-bottom:0;padding-right:15px;padding-lef=
t:0;width:100% !important;" >
<tr>
<td class=3D"wi-100p" align=3D"center" style=3D"border-ra=
dius:5px;overflow:hidden;mso-line-height-rule:exactly;" >
<a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-=
dujyitlidt-o/" style=3D"outline-style:none;color:#b30517;text-decor=
ation:underline;" ><img src=3D"https=
://i6.=
cmail20.com=
/ei/j/0E/76D/7D8/csimport/BeaujolaisNouveau.170254.png" width=3D"=
275" label=3D"HouseAd_App" height=3D"275" style=3D"width:100% !important;v=
ertical-align:top;border-style:none;height:auto !important;" /></a>
</td>
</tr>
</table>
</th> =09
=09
<th class=3D"tfoot" align=3D"left" style=3D"vertical-align:t=
op;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;" >
<table align=3D"center" cellpadding=3D"0" cellspacing=3D"0=
" style=3D"margin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;=
" >
<tr>
<td class=3D"h-a" height=3D"118" valign=3D"top" style=3D"=
mso-line-height-rule:exactly;" >
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0=
" align=3D"center">
<tr>
<td class=3D"pt-10 ta-c" align=3D"center" style=3D"pad=
ding-top:0;padding-bottom:20px;padding-right:0;padding-left:0;font-style:no=
rmal;font-variant:normal;font-weight:normal;font-size:20px;font-family:EBGa=
ramond, Garamond, Times New Roman, Times, serif;line-height:25px;color:#333=
;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:15px;margin-ri=
ght:0;margin-left:0;" >
<b style=3D"color:rgb(51, 51, 51);font-family:EBGaramond, Garamond, "=
font-size:26px;font-weight:700;" >Explore the <em>Spectator</em> Club</b></=
p>
<p style=3D"margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0;" =
>
We are joining forces with Boisdale to restore the charm and fun of Beaujo=
lais Nouveau Day to the UK=E2=80=99s vinous calendar, in partnership with t=
he legendary wine producer Pardon et Fils. <em>Spectator</em> business edit=
or Martin Vander Weyer and Boisdale founder Ranald Macdonald will host a fi=
ve-course lunch, during which you will enjoy three Beaujolais Nouveau 2026 =
wines, along with four outstanding Pardon et Fils Cru Beaujolais.</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style=3D"mso-line-height-rule:exactly;" >
<table width=3D"200" align=3D"center" cellpadding=3D"0"=
cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;margin-right:auto;=
margin-left:auto;" >
<tr>
<td class=3D"active-t" align=3D"center" style=3D"backg=
round-color:#d2091e;background-image:none;background-repeat:repeat;backgrou=
nd-position:top left;background-attachment:scroll;mso-padding-alt:11px;font=
-style:normal;font-variant:normal;font-weight:normal;font-size:12px;font-fa=
mily:Arial, Helvetica, sans-serif, Lato;line-height:16px;border-radius:20px=
;letter-spacing:1px;text-transform:uppercase;mso-line-height-rule:exactly;t=
ransition:all 0.3s ease;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right=
:0;margin-left:0;" >
<a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-dujyitlidt=
-b/" style=3D"color:#fff !important;text-decoration:none;display:block;padd=
ing-top:11px;padding-bottom:11px;padding-right:11px;padding-left:11px;outli=
ne-style:none;" >Watch now</a></p>
</td>
</tr>
</table>
=09
</td>
</tr>
</table>
</th>
</tr>
</table>
</td>
</tr>
<tr>
<td height=3D"30" style=3D"font-size:0;line-height:0;mso-line-height-=
rule:exactly;" > </td>
</tr>
</table>
=09
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td style=3D"padding-top:0;padding-bottom:20p=
x;padding-right:0;padding-left:0;font-style:normal;font-variant:normal;font=
-weight:normal;font-size:26px;font-family:EBGaramond, Garamond, Times New R=
oman, Times, serif;line-height:36px;color:#b30517;mso-line-height-rule:exac=
tly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
Portrait of the day</p>
</td>
</tr>
<tr>
<td style=3D"font-style:normal;font-variant:n=
ormal;font-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond,=
Times New Roman, Times, serif;line-height:25px;color:#333;mso-line-height-=
rule:exactly;" >
<ul style=3D"margin-top:0;margin-bottom:0;m=
argin-right:0;margin-left:18px;padding-top:0;padding-bottom:0;padding-right=
:0;padding-left:0;" >
<li style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-left:0;=
" >
Andy Burnham welcomed Volodymyr Zelensky to a naval base in Portsmouth ea=
rlier. The PM said: =E2=80=98This is going to be a close partnership=E2=80=99=
and promised to visit Ukraine soon. Lisa Haseldine <a href=3D"https://blen=
d.spectator.co.uk/t/j-l-ydukklky-dujyitlidt-n/" style=3D"outline-st=
yle:none;color:#b30517;text-decoration:underline;" >reports</a> on Coffee H=
ouse.</li>
<li style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-left:0;=
" >
The government unveiled a round of PPS appointments this afternoon, inclu=
ding those of three members of the Corbyn-supporting socialist campaign gro=
up. Noa Hoffman <a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-=
dujyitlidt-p/" style=3D"outline-style:none;color:#b30517;text-decorati=
on:underline;" >reports</a> on Coffee House.</li>
<li style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-left:0;=
" >
Sir Clive Alderton, the King=E2=80=99s private secretary, is to <a href=3D=
"https://blend.spectator.co.uk/t/j-l-ydukklky-dujyitlidt-x/" style=3D=
"outline-style:none;color:#b30517;text-decoration:underline;" >step down</a=
> from his role after 20 years at Buckingham Palace.</li>
<li style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-left:0;=
" >
The number of millionaires in Britain has <a href=3D"https://blend.specta=
tor.co.uk/t/j-l-ydukklky-dujyitlidt-m/" style=3D"outline-style:none=
;color:#b30517;text-decoration:underline;" >dropped</a> to its lowest level=
in nearly two decades, according to research from the Adam Smith Institute=
=2E There were 442,000 people in Britain with wealth of more than =C2=A31 mil=
lion, down 7 per cent from last year and the lowest level since the 2008 fi=
nancial crash.</li>
</ul>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td height=3D"1" style=3D"color:#ddd;backgrou=
nd-color:#ddd;background-image:none;background-repeat:repeat;background-pos=
ition:top left;background-attachment:scroll;font-size:1px;line-height:1px;m=
so-line-height-rule:exactly;" >
=20
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td style=3D"padding-top:0;padding-bottom:20p=
x;padding-right:0;padding-left:0;font-style:normal;font-variant:normal;font=
-weight:normal;font-size:26px;font-family:EBGaramond, Garamond, Times New R=
oman, Times, serif;line-height:36px;color:#b30517;mso-line-height-rule:exac=
tly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
Most read on The Spectator</p>
</td>
</tr>
<tr>
<td style=3D"font-style:normal;font-variant:n=
ormal;font-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond,=
Times New Roman, Times, serif;line-height:25px;color:#333;mso-line-height-=
rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:10px=
;margin-right:0;margin-left:0;" >
<a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-=
dujyitlidt-c/" style=3D"color:rgb(51, 51, 51);outline-style:none;text-decoration:=
underline;" >We should politicise the Berlin Pride attack</a> =E2=80=93=
<i>Brendan O=E2=80=99Neill</i></p>
<p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-left:=
0;" >
<a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-=
dujyitlidt-q/" style=3D"color:rgb(51, 51, 51);outline-style:none;text-decoration:=
underline;" >Andy Burnham is not a literary PM</a> =E2=80=93 <i>Angus =
Colwell</i></p>
<p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-left:=
0;" >
<a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-=
dujyitlidt-a/" style=3D"color:rgb(51, 51, 51);outline-style:none;text-decoration:=
underline;" >There=E2=80=99s only one reason Meghan went on MasterChef Aust=
ralia</a> =E2=80=93 <i>Alexander Larman</i></p>
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=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
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ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td height=3D"1" style=3D"color:#ddd;backgrou=
nd-color:#ddd;background-image:none;background-repeat:repeat;background-pos=
ition:top left;background-attachment:scroll;font-size:1px;line-height:1px;m=
so-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
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.</p>
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0">
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<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td class=3D"wi-100p" align=3D"center" style=3D=
"padding-top:0;padding-bottom:10px;padding-right:0;padding-left:0;mso-line-=
height-rule:exactly;" >
<img src=3D"https=
://i7.=
cmail20.com=
/ei/j/0E/76D/7D8/csimport/Screenshot2026-07-27at17.3=
8.37.173849.png" width=3D"286" label=3D"Image" height=3D"283" style=3D"wid=
th:100% !important;max-width:286px;vertical-align:top;height:auto !importan=
t;" />
</td>
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<td align=3D"center" style=3D"font-style:ital=
ic;font-variant:normal;font-weight:normal;font-size:18px;font-family:EBGara=
mond, Garamond, Times New Roman, Times, serif;line-height:22px;color:#333;m=
so-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
=E2=80=98All this is going to rattle the markets.=E2=80=99</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td height=3D"1" style=3D"color:#ddd;backgrou=
nd-color:#ddd;background-image:none;background-repeat:repeat;background-pos=
ition:top left;background-attachment:scroll;font-size:1px;line-height:1px;m=
so-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
.</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
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=
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<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tr>
<td align=3D"center" style=3D"padding-top:0;padding-bottom:30p=
x;padding-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" border=3D"0" cellspacing=3D"0" cellpaddin=
g=3D"0" align=3D"center" style=3D"max-width:610px;width:100% !important;mar=
gin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tbody>
<tr>
<td bgcolor=3D"#262222" align=3D"center" style=3D"padding-t=
op:30px;padding-bottom:30px;padding-right:30px;padding-left:30px;font-size:=
14px;font-family:Times, 'Times New Roman', serif;color:#FFFFFF;border-radiu=
s:10px 10px 10px 10px;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;font-size:26px;margin-bottom:0;marg=
in-right:0;margin-left:0;" ><strong style=3D"font-weight:700;" >
Enjoying the Evening Blend?
</strong></p>
<p style=3D"margin-top:10px;margin-bottom:0;color:#FFC847;ma=
rgin-right:0;margin-left:0;" >
Why not try <em>The Spectator</em>=E2=80=99s Lunchtime Espr=
esso newsletter? Keep up-to-date with major political and economic events i=
n the UK =E2=80=93 and worldwide =E2=80=93 with our concise summary, delive=
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ding=3D"0">
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eight-rule:exactly;" >
<table width=3D"260" align=3D"center" cellpadding=3D"0" ce=
llspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;margin-right:auto;mar=
gin-left:auto;" >
<tr>
<td class=3D"PWactive-t" align=3D"center" valign=3D"mid=
dle" style=3D"background-color:#FFC847;background-image:none;background-rep=
eat:repeat;background-position:top left;background-attachment:scroll;mso-pa=
dding-alt:11px;font-size:12px;font-family:Helvetica, Times, serif;border-ra=
dius:20px;text-transform:uppercase;mso-line-height-rule:exactly;transition:=
all 0.3s ease;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:=
0;margin-left:0;" >
<a href=3D"https://blend.spectator.co.uk/t/j-l-ydukklky-dujyitlidt=
-f/" style=3D"color:#262222 !important;text-decoration:none;display:block;p=
adding-top:11px;padding-bottom:11px;padding-right:11px;padding-left:11px;ou=
tline-style:none;" ><strong style=3D"color:#262222 !important;font-weight:7=
00;" >SIGN UP HERE</strong> </a></p>
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=09
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0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td style=3D"padding-top:0;padding-bottom:20p=
x;padding-right:0;padding-left:0;font-style:normal;font-variant:normal;font=
-weight:normal;font-size:26px;font-family:EBGaramond, Garamond, Times New R=
oman, Times, serif;line-height:36px;color:#b30517;mso-line-height-rule:exac=
tly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
From Spectator Life</p>
</td>
</tr>
<tr>
<td style=3D"font-style:normal;font-variant:n=
ormal;font-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond,=
Times New Roman, Times, serif;line-height:25px;color:#333;mso-line-height-=
rule:exactly;" >
<table width=3D"100%" cellpadding=3D"0" cel=
lspacing=3D"0">
<tbody><tr>
<td style=3D"padding-top:0;padding-bottom:30px;padding-right:0p=
x;padding-left:0px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpadding=3D"0" cel=
lspacing=3D"0" style=3D"max-width:610px;width:100% !important;margin-top:0;=
margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tbody><tr class=3D"thold">
<th class=3D"thead" width=3D"234" align=3D"left" st=
yle=3D"vertical-align:top;padding-top:0;padding-bottom:0;padding-right:0;pa=
dding-left:0;" >
<table class=3D"w-100p mb-20" align=3D"center" =
cellpadding=3D"0" cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;m=
argin-right:auto;margin-left:auto;width:100%!important;" >
<tbody><tr>
<td class=3D"wi-100p" align=3D"center" =
style=3D"border-radius:5px;overflow:hidden;mso-line-height-rule:exactly;" >
<a href=3D"https://blend.spectator.=
co.uk/t/j-l-ydukklky-dujyitlidt-z/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" ><img src=3D"https://spectator.com/w=
p-content/uploads/2026/07/bordeax.jpg?resize=3D468,312" width=3D"234" alt=3D=
"Image description" height=3D"156" style=3D"width:100%!important;vertical-a=
lign:top;border-style:none;height:auto!important;" /></a>
</td>
</tr>
</tbody></table>
</th>
<th class=3D"hm" width=3D"20" style=3D"padding-top:=
0;padding-bottom:0;padding-right:0;padding-left:0;" ></th>
<th class=3D"tfoot" align=3D"left" style=3D"vertica=
l-align:top;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;"=
>
<table class=3D"w-100p" align=3D"center" cellpa=
dding=3D"0" cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;margin-=
right:auto;margin-left:auto;width:100%!important;" >
<tbody><tr>
<td class=3D"pt-10 ta-c" style=3D"font-=
style:normal;font-variant:normal;font-weight:normal;font-size:19.5px;font-f=
amily:EBGaramond, Garamond, Times New Roman, Times, serif;line-height:25px;=
color:#333;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bot=
tom:10px;margin-right:0;margin-left:0;" >
<a href=3D"https://blend.spectator.=
co.uk/t/j-l-ydukklky-dujyitlidt-v/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" >The horror of a French heatwave</a>=
</p>
<p style=3D"margin-top:0;margin-bot=
tom:10px;margin-right:0;margin-left:0;" >
<em>Sean Thomas</em></p>
</td>
</tr>
</tbody></table>
</th>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tbody><tr>
<td style=3D"padding-top:0;padding-bottom:30px;padding-right:0p=
x;padding-left:0px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpadding=3D"0" cel=
lspacing=3D"0" style=3D"max-width:610px;width:100% !important;margin-top:0;=
margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tbody><tr class=3D"thold">
<th class=3D"thead" width=3D"234" align=3D"left" st=
yle=3D"vertical-align:top;padding-top:0;padding-bottom:0;padding-right:0;pa=
dding-left:0;" >
<table class=3D"w-100p mb-20" align=3D"center" =
cellpadding=3D"0" cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;m=
argin-right:auto;margin-left:auto;width:100%!important;" >
<tbody><tr>
<td class=3D"wi-100p" align=3D"center" =
style=3D"border-radius:5px;overflow:hidden;mso-line-height-rule:exactly;" >
<a href=3D"https://blend.spectator.=
co.uk/t/j-l-ydukklky-dujyitlidt-e/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" ><img src=3D"https://spectator.com/w=
p-content/uploads/2026/07/youtube.jpg?resize=3D468,312" width=3D"234" alt=3D=
"Image description" height=3D"156" style=3D"width:100%!important;vertical-a=
lign:top;border-style:none;height:auto!important;" /></a>
</td>
</tr>
</tbody></table>
</th>
<th class=3D"hm" width=3D"20" style=3D"padding-top:=
0;padding-bottom:0;padding-right:0;padding-left:0;" ></th>
<th class=3D"tfoot" align=3D"left" style=3D"vertica=
l-align:top;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;"=
>
<table class=3D"w-100p" align=3D"center" cellpa=
dding=3D"0" cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;margin-=
right:auto;margin-left:auto;width:100%!important;" >
<tbody><tr>
<td class=3D"pt-10 ta-c" style=3D"font-=
style:normal;font-variant:normal;font-weight:normal;font-size:19.5px;font-f=
amily:EBGaramond, Garamond, Times New Roman, Times, serif;line-height:25px;=
color:#333;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bot=
tom:10px;margin-right:0;margin-left:0;" >
<a href=3D"https://blend.spectator.=
co.uk/t/j-l-ydukklky-dujyitlidt-s/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" >YouTube is destroying childhood</a>=
</p>
<p style=3D"margin-top:0;margin-bot=
tom:10px;margin-right:0;margin-left:0;" >
<em>Nancy Alsop</em></p>
</td>
</tr>
</tbody></table>
</th>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tbody><tr>
<td style=3D"padding-top:0;padding-bottom:30px;padding-right:0p=
x;padding-left:0px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpadding=3D"0" cel=
lspacing=3D"0" style=3D"max-width:610px;width:100% !important;margin-top:0;=
margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tbody><tr class=3D"thold">
<th class=3D"thead" width=3D"234" align=3D"left" st=
yle=3D"vertical-align:top;padding-top:0;padding-bottom:0;padding-right:0;pa=
dding-left:0;" >
<table class=3D"w-100p mb-20" align=3D"center" =
cellpadding=3D"0" cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;m=
argin-right:auto;margin-left:auto;width:100%!important;" >
<tbody><tr>
<td class=3D"wi-100p" align=3D"center" =
style=3D"border-radius:5px;overflow:hidden;mso-line-height-rule:exactly;" >
<a href=3D"https://blend.spectator.=
co.uk/t/j-l-ydukklky-dujyitlidt-g/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" ><img src=3D"https://spectator.com/w=
p-content/uploads/2026/07/cincy.jpg?resize=3D468,312" width=3D"234" alt=3D"=
Image description" height=3D"156" style=3D"width:100%!important;vertical-al=
ign:top;border-style:none;height:auto!important;" /></a>
</td>
</tr>
</tbody></table>
</th>
<th class=3D"hm" width=3D"20" style=3D"padding-top:=
0;padding-bottom:0;padding-right:0;padding-left:0;" ></th>
<th class=3D"tfoot" align=3D"left" style=3D"vertica=
l-align:top;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;"=
>
<table class=3D"w-100p" align=3D"center" cellpa=
dding=3D"0" cellspacing=3D"0" style=3D"margin-top:0;margin-bottom:0;margin-=
right:auto;margin-left:auto;width:100%!important;" >
<tbody><tr>
<td class=3D"pt-10 ta-c" style=3D"font-=
style:normal;font-variant:normal;font-weight:normal;font-size:19.5px;font-f=
amily:EBGaramond, Garamond, Times New Roman, Times, serif;line-height:25px;=
color:#333;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bot=
tom:10px;margin-right:0;margin-left:0;" >
<a href=3D"https://blend.spectator.=
co.uk/t/j-l-ydukklky-dujyitlidt-w/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" >On the bourbon trail in Cincinnati&=
nbsp;</a></p>
<p style=3D"margin-top:0;margin-bot=
tom:10px;margin-right:0;margin-left:0;" >
<em>Jonathan Ray</em></p>
</td>
</tr>
</tbody></table>
</th>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td height=3D"1" style=3D"color:#ddd;backgrou=
nd-color:#ddd;background-image:none;background-repeat:repeat;background-pos=
ition:top left;background-attachment:scroll;font-size:1px;line-height:1px;m=
so-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
.</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:20px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td style=3D"padding-top:0;padding-bottom:0;p=
adding-right:0;padding-left:0;font-style:normal;font-variant:normal;font-we=
ight:normal;font-size:26px;font-family:EBGaramond, Garamond, Times New Roma=
n, Times, serif;line-height:36px;color:#b30517;mso-line-height-rule:exactly=
;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
Barometer</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td style=3D"padding-top:0;padding-bottom:30px;padd=
ing-right:15px;padding-left:15px;mso-line-height-rule:exactly;" >
<table width=3D"610" align=3D"center" cellpaddin=
g=3D"0" cellspacing=3D"0" style=3D"max-width:610px;width:100% !important;ma=
rgin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;" >
<tr>
<td style=3D"font-style:normal;font-variant:n=
ormal;font-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond,=
Times New Roman, Times, serif;line-height:25px;color:#333;mso-line-height-=
rule:exactly;" >
<table width=3D"100%" cellpadding=3D"0" cel=
lspacing=3D"0">
<tbody><tr>
=20
<th class=3D"tflex" width=3D"190" align=3D"left" style=3D"vertical-=
align:top;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;" >
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tbody>
<tr><td style=3D"padding-top:0;padding-bottom:10px;padding-=
right:0;padding-left:0;font-style:normal;font-variant:normal;font-weight:no=
rmal;font-size:22px;font-family:EBGaramond, Garamond, Times New Roman, Time=
s, serif;line-height:30px;color:#333;mso-line-height-rule:exactly;" ><p sty=
le=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >Oil pric=
e (barrel of Brent crude)</p></td></tr>
<tr><td style=3D"padding-top:0;padding-bottom:15px;padding-=
right:0;padding-left:0;font-style:normal;font-variant:normal;font-weight:no=
rmal;font-size:32px;font-family:EBGaramond, Garamond, Times New Roman, Time=
s, serif;line-height:36px;color:#333;mso-line-height-rule:exactly;" ><p sty=
le=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >$89.09</=
p></td></tr>
<tr><td style=3D"font-style:normal;font-variant:normal;font=
-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond, Times New=
Roman, Times, serif;line-height:25px;color:#333;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0=
;margin-left:0;" >down 7.95% on the day, up 22.83% on a year ago</p>
=20
</td></tr>
</tbody>
</table>
</th>
<th class=3D"tflex" width=3D"20" height=3D"20" style=3D"padding=
-top:0;padding-bottom:0;padding-right:0;padding-left:0;" ></th>
=20
<th class=3D"tflex" width=3D"190" align=3D"left" style=3D"vertical-=
align:top;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;" >
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tbody>
<tr><td style=3D"padding-top:0;padding-bottom:10px;padding-=
right:0;padding-left:0;font-style:normal;font-variant:normal;font-weight:no=
rmal;font-size:22px;font-family:EBGaramond, Garamond, Times New Roman, Time=
s, serif;line-height:30px;color:#333;mso-line-height-rule:exactly;" ><p sty=
le=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >GBP/USD =
exchange rate</p></td></tr>
<tr><td style=3D"padding-top:0;padding-bottom:15px;padding-=
right:0;padding-left:0;font-style:normal;font-variant:normal;font-weight:no=
rmal;font-size:32px;font-family:EBGaramond, Garamond, Times New Roman, Time=
s, serif;line-height:36px;color:#333;mso-line-height-rule:exactly;" ><p sty=
le=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >$1.33</p=
></td></tr>
<tr><td style=3D"font-style:normal;font-variant:normal;font=
-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond, Times New=
Roman, Times, serif;line-height:25px;color:#333;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0=
;margin-left:0;" >down 0.04=C2=A2 on the day, down 1.32=C2=A2 on a year ago=
</p>
=20
</td></tr>
</tbody>
</table>
</th>
<th class=3D"tflex" width=3D"20" height=3D"20" style=3D"padding=
-top:0;padding-bottom:0;padding-right:0;padding-left:0;" ></th>
=20
<th class=3D"tflex" width=3D"190" align=3D"left" style=3D"vertical-=
align:top;padding-top:0;padding-bottom:0;padding-right:0;padding-left:0;" >
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0">
<tbody>
<tr><td style=3D"padding-top:0;padding-bottom:10px;padding-=
right:0;padding-left:0;font-style:normal;font-variant:normal;font-weight:no=
rmal;font-size:22px;font-family:EBGaramond, Garamond, Times New Roman, Time=
s, serif;line-height:30px;color:#333;mso-line-height-rule:exactly;" ><p sty=
le=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >Average =
new two-year fixed-rate mortgage</p></td></tr>
<tr><td style=3D"padding-top:0;padding-bottom:15px;padding-=
right:0;padding-left:0;font-style:normal;font-variant:normal;font-weight:no=
rmal;font-size:32px;font-family:EBGaramond, Garamond, Times New Roman, Time=
s, serif;line-height:36px;color:#333;mso-line-height-rule:exactly;" ><p sty=
le=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >5.60%</p=
></td></tr>
<tr><td style=3D"font-style:normal;font-variant:normal;font=
-weight:normal;font-size:19.5px;font-family:EBGaramond, Garamond, Times New=
Roman, Times, serif;line-height:25px;color:#333;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0=
;margin-left:0;" >up 0.01pts on the day, up 0.57pts on a year ago</p>
<p style=3D"font-size:10px;line-height:10px;margin-top:=
0;margin-bottom:0;margin-right:0;margin-left:0;" >Rates from Moneyfacts</p>
</td></tr>
</tbody>
</table>
</th>
</tr></tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
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<div style=3D"font-style:normal;font-variant:norm=
al;font-weight:normal;font-size:1px;font-family:courier;line-height:0;color=
:#fff;" >
=20
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</td>
</tr>
</table>
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