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Subject: How will Burnham fix social care?
From: "Morning Press" <daily@spectator.co.uk>
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=E2=80=8C
By Angus Colwell
Good morning. Andy Burnham will make a speech today setting out provisional=
plans for social care, but will wait until Baroness Casey=E2=80=99s report=
is published before he lays out a definitive strategy. Iran rejected a pro=
posal to divide the Strait of Hormuz evenly, while Donald Trump supposedly =
had good meetings with Benjamin Netanyahu and Volodymyr Zelensky yesterday.=
Anthony Fauci will appear before a congressional committee and Fifa=E2=80=99=
s got a red card from football fans over its latest money-making venture. Y=
ou=E2=80=99re reading Spectator Daily: here=E2=80=99s everything you need t=
o know today.
HOW WILL BURNHAM FIX SOCIAL CARE?
Social Care Day is upon us, and, look, there are cheerier topics. Andy Burn=
ham will use a speech to announce his desire for some kind of national care=
service, though there won=E2=80=99t be any hard policy just yet. The Prime=
Minister will say that he=E2=80=99ll wait for the conclusions of an indepe=
ndent review by Baroness Casey. Keir Starmer commissioned that inquiry, whi=
ch was due to finish in 2028. This looks likely to be brought forward since=
Burnham has said he will use =E2=80=98whatever political capital I have=E2=
=80=99 to sort the issue.
The papers, therefore, are filling the vacuum. The Telegraph reveals [htt=
ps://www.telegraph.co.uk/politics/2026/07/28/workers-face-new-tax-to-fund-s=
ocial-care/?status=3D=
Non-subs=
=
] that one policy civil servants have developed involves workers making man=
datory contributions to a privately managed fund for care in later life. It=
would be an alternative to a 10 per cent tax on estates, which Burnham lik=
es despite it being called a =E2=80=98death tax=E2=80=99.
The levy would apply to 1.8 per cent of earnings above =C2=A36,240, paid fo=
r by workers above the age of 34. So, an employee on a =C2=A350,000 salary =
would pay an extra =C2=A3788 a year in tax. Of course, it=E2=80=99s just on=
e of a few proposals: officials are also considering a =E2=80=98pay-as-you-=
go=E2=80=99 insurance model like those used in Germany and Japan.
Getty
Andy Burnham is shown the Tax Collector 3,000 yesterday.
The Times hears [https://www.thetimes.com/uk/politics/article/andy-burnha=
m-social-care-plan-exclude-private-h0d593vw3?status=3D=
Non-subs=
=
] that Burnham doesn=E2=80=99t want any privately-run chains to be part of =
his shake-up (probably not the best day, then, for his Business Secretary t=
o try to convince [https://www.ft.com/content/47e4eb75-c995-40d7-85b1-2f0=
5ff57cee0?syn-25a6b1a6=3D1?status=3D=
Non-subs=
=
] the Financial Times that he wants strong partnerships with the private se=
ctor). Anyway, the PM could exclude providers from his new funding formula =
if they=E2=80=99re set up to make a profit: sources tell the paper he=E2=80=
=99s worried about taxpayers=E2=80=99 money subsidising private equity prof=
its.
It sounds like a sensible policy when you hear that 85 per cent of care hom=
es are run by for-profit providers. But care experts are worried: a spokesp=
erson from the Nuffield Trust asked what would happen to the people receivi=
ng care if a provider leaves the market. The National Care Association also=
pointed out that =E2=80=98private equity currently makes up less than 20 p=
er cent of the total market while the vast majority are small independent a=
nd local providers=E2=80=99.
However he does this, he=E2=80=99s going to rope other parties in to try to=
get a consensus. He=E2=80=99s invited the Lib Dems and Tories for talks to=
day: Ed Davey will Zoom in, while Kemi Badenoch will be represented by her =
shadow health secretary Stuart Andrew (she is having pre-planned minor surg=
ery). You get the sense that today=E2=80=99s speech is very much the beginn=
ing.
A message from our sponsor, Aberdeen IT
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R/B36143593.452447194;dc_trk_aid=3D646681828;dc_trk_cid=3D261287154;dc_lat=3D=
;dc_rdid=3D;tag_for_child_directed_treatment=3D;tfua=3D;ltd=3D;dc_tdv=3D1]
Coming up today
Join us at 7 p.m. for an evening with the Wiki Man, Rory Sutherland. Sign u=
p to be notified for the livestream here [https://spectator.com/article/l=
ivestream-an-evening-with-rory-sutherland/?status=3D=
Non-subs=
=
], and catch up on his latest column here [https://spectator.com/article/=
how-to-save-britains-train-stations/?status=3D=
Non-subs=
=
].
The High Court will today decide the legal bill due following the judgement=
in Prince Harry=E2=80=99s case against the publisher of the Mail.
Population estimates for England and Wales are out at 9.30 a.m. here [htt=
ps://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/pop=
ulationestimates?status=3D=
Non-subs=
=
]. Stats on workless households will also drop [https://www.gov.uk/govern=
ment/statistics/announcements/workless-households-for-regions-across-the-uk=
-2025?status=3D=
Non-subs=
=
] at the same time.
EARTHQUAKES IN THE EAST, WILDFIRES IN THE WEST
I=E2=80=99m afraid we have to start this section with some bleak natural di=
sasters. Japan=E2=80=99s fire service said at least 13 people had died afte=
r an earthquake in the city of Kumamoto yesterday, which left dozens trappe=
d in a shopping centre. The earthquake hit at 4.27 p.m. local time yesterda=
y, at an estimated 6.8 magnitude. Power was knocked out for thousands of ho=
mes, with 300,000 people evacuated. The moment of explosion was captured [=
https://news.sky.com/story/japan-earthquake-live-multiple-people-trapped-i=
nside-shopping-centre-after-quake-13566103?status=3D=
Non-subs=
=
] on camera.
Meanwhile, firefighters worked around the clock in the Gironde region of Fr=
ance as strong winds and a forecast 40C heatwave threaten to fan the wildfi=
res again. This Le Monde article highlights [https://www.lemonde.fr/en/fr=
ance/article/2026/07/28/massive-wildfires-threaten-defense-sites-in-france_=
6755930_7.html?status=3D=
Non-subs=
=
] another danger: the fires aren=E2=80=99t too far from a nuclear missile d=
evelopment centre (great). Firebreaks were created around them as soon as p=
ossible.
Getty
A group of journalists watches smoke rise from a forest fire outside Lege-C=
ap-Ferret.
Bad news from the Middle East, where Iran has reportedly rejected a proposa=
l to divide control of the Strait of Hormuz evenly. Oman suggested a tempor=
ary plan to have even lanes of control but, according [https://www.wsj.co=
m/world/middle-east/iran-rejects-omani-proposal-to-share-strait-of-hormuz-d=
emands-more-control-20ec9e92?mod=3Dhp_lead_pos2?status=3D=
Non-subs=
=
] to the Wall Street Journal, Tehran said they wouldn=E2=80=99t accept anyt=
hing other than the lion=E2=80=99s share.
Over in Washington, Donald Trump held separate meetings with Benjamin Netan=
yahu and Volodymyr Zelensky yesterday as they attended late senator Lindsey=
Graham=E2=80=99s funeral. Israeli Prime Minister Netanyahu said it was =E2=
=80=98one of the best conversations=E2=80=99 he=E2=80=99d had with Trump, w=
hile President Zelensky said his chat was good too. He pressed his US count=
erpart to give Ukraine more Patriot missiles, and also met with representat=
ives of the defence company Lockheed Martin.
All eyes in D.C. will be on Anthony Fauci today, who was America=E2=80=99s =
Chris Whitty during the Covid pandemic. He=E2=80=99s due for a high-profile=
hearing in front of a Republican-controlled congressional committee. Senat=
or Rand Paul, who will be grilling the 85-year-old, released more than 1,00=
0 pages over the weekend of what he says are Fauci=E2=80=99s near daily dia=
ries from the pandemic, concluding that what he =E2=80=98wrote privately an=
d what he told the country are two different stories=E2=80=99. Fauci will b=
e asked about gain-of-function research [https://spectator.com/article/wh=
y-wont-western-scientists-condemn-wuhan/?status=3D=
Non-subs=
=
], his pardon by Joe Biden and what Paul calls the general =E2=80=98Covid c=
over-up=E2=80=99.
Meanwhile, anger is rising at Fifa, with even Andy Burnham chipping in to c=
riticise the organisation=E2=80=99s latest big idea. The international foot=
ball body reportedly wants to sell World Cup stakes to private investors in=
a scheme that could earn around $20 billion. Thrive Capital =E2=80=93 run =
by Joshua Kushner, the brother of Trump=E2=80=99s son-in-law =E2=80=93 is e=
xpected to lead the proposed investor group. The plans were first reported =
in the FT [https://www.ft.com/content/819cc297-4e1e-493b-91b3-e6b12519214=
b?syn-25a6b1a6=3D1?status=3D=
Non-subs=
=
] and the Times [https://www.thetimes.com/sport/football/article/world-cu=
p-for-sale-gianni-infantino-fifa-wdvtsqfc6?status=3D=
Non-subs=
=
].
Burnham said: =E2=80=98Football does not belong to investors. It belongs to=
the people who fill the stands and who stand on the touchline week in, wee=
k out, rain or shine.=E2=80=99 Uefa (the European footballing federation) w=
ill meet after saying that the =E2=80=98soul and governance of football are=
not assets to trade=E2=80=99. Don=E2=80=99t discount the possibility of a =
boycott of Fifa=E2=80=99s tournaments, which could amount to nothing less t=
han the end of the World Cup.
Watch and listen
Katharine Birbalsingh, Britain=E2=80=99s most famous headteacher, joins [=
https://www.youtube.com/watch?v=3De2ZBmsi-Uy8?status=3D=
Non-subs=
=
] Michael Gove on the latest episode of Quite right!
On Newsnight last night, Zack Polanski said [https://x.com/BBCNewsnight/s=
tatus/2082226767369064811?s=3D20?status=3D=
Non-subs=
=
] he wouldn=E2=80=99t apologise to Nigel Farage for sharing a controversial=
Instagram post and said Reform had been the ones amplifying it further.
And, if you haven=E2=80=99t seen it, some extraordinary footage from Lindse=
y Graham=E2=80=99s funeral: Donald Trump corrected [https://x.com/atrupar=
/status/2082172381800362389?s=3D20?status=3D=
Non-subs=
=
] his eulogy to add that =E2=80=98not everybody=E2=80=99 liked the senator,=
and then tapped [https://x.com/atrupar/status/2082174307589853403?s=3D20=
?status=3D=
Non-subs=
=
] his coffin on the way past.
BENEFITS, BOATS AND A CAMBRIDGE BACKLASH
Back to Britain, where parents on benefits will be paid [https://www.thet=
imes.com/uk/politics/article/parents-benefits-child-apprenticeship-3rxtlft0=
r?status=3D=
Non-subs=
=
] up to =C2=A34,500 a year if their child takes up an apprenticeship. The =E2=
=80=98bursary=E2=80=99 is designed to end a welfare trap, which sees parent=
s lose child benefits and some universal credit if their children leave edu=
cation in favour of an apprenticeship while still living at home. The money=
will come from the =C2=A31 billion of additional investment in the growth =
and skills levy announced by Keir Starmer=E2=80=99s government in May. The =
story features on the cover [https://www.mailplus.co.uk?status=3D=
Non-subs=
=
] of today=E2=80=99s Mail, which lambasts the ideas as a =E2=80=98bribe=E2=80=
=99.
A bizarre story from yesterday features heavily in this morning=E2=80=99s p=
apers, which is worth a recap if you missed it. Shadow home secretary Chris=
Philp had quite the shock [https://www.bbc.co.uk/news/articles/cy4ker2y1=
mko?status=3D=
Non-subs=
=
] yesterday when a French navy patrol boat appeared to fire a round of guns=
hots =E2=80=98without warning=E2=80=99 while he was being interviewed by th=
e BBC in the English Channel. The French authorities have now said this was=
part of a training exercise unrelated to the presence of a British ship, w=
hich they have clarified was out of firing range. Philp isn=E2=80=99t happy=
though. He dismissed the French explanation as =E2=80=98not credible=E2=80=
=99, arguing that =E2=80=98there were no warnings in place about live firin=
g training exercises=E2=80=99. He accused the French ship of =E2=80=98delib=
erate intimidation.=E2=80=99
Getty
=E2=80=98Is he on ze boat?=E2=80=99
Today is the final [https://yougov.com/en-gb/articles/55197-greater-manch=
ester-2026-mayoral-by-election-voting-intention?status=3D=
Non-subs=
=
] day of campaigning in Greater Manchester ahead of the mayoral election tr=
iggered by Andy Burnham=E2=80=99s departure. Labour hopes are pinned on the=
current mayor of Manchester City Council, Bev Craig, who currently leads t=
he polls. Reform=E2=80=99s Sian Astley is her strongest opponent, but with =
Reform turning their attention to the Clacton by-election campaign, they=E2=
=80=99re unlikely to take the lead in the area.
Meanwhile, Cambridge=E2=80=99s youngest black professor could face [https=
://www.telegraph.co.uk/news/2026/07/28/calls-for-cambridge-professor-to-fac=
e-plagiarism-inquiry/?status=3D=
Non-subs=
=
] a university inquiry into allegations he plagiarised his PhD and a number=
of other academic articles. So far, Cambridge has stood by Professor Jason=
Arday, accusing reporters of a =E2=80=98vile campaign to undermine his cre=
dibility=E2=80=99. But pressure is mounting following fresh analysis that f=
ound 188 sentences in his publications were identical to that of another st=
udent =E2=80=93 the odds of which happening organically are one in 100 bill=
ion.
Today also marks two years since [https://www.bbc.co.uk/news/articles/cjr=
vy450jv5o?status=3D=
Non-subs=
=
] the Southport killer Axel Rudakubana murdered three children. The 19-year=
-old was given a life sentence for the murders of Alice da Silva Aguiar, Be=
be King and Elsie Dot Stancombe, and the attempted murders of ten other peo=
ple. However, this anniversary comes less than a week after he was moved fr=
om HMP Belmarsh to Broadmoor psychiatric hospital in Berkshire. Lawyers rep=
resenting the three bereaved families said they =E2=80=98don=E2=80=99t beli=
eve the merits=E2=80=99 of the transfer on the basis of a mental health iss=
ue. The Southport Inquiry, set up to examine the circumstances that led up =
to the attack, is still [https://www.southport.public-inquiry.uk?status=3D=
=
Non-subs=
=
] in phase two and will next sit in September.
=E2=80=98How many prime ministers have I missed?=E2=80=99
THE FED=E2=80=99S RATES DAY
The Fed will announce its latest interest rates decision at 7 p.m. UK time =
this evening. New chairman Kevin Warsh is breaking with convention, and the=
re=E2=80=99s been little in the way of teasing ahead of the announcement. W=
arsh said he wants to be =E2=80=98very curt=E2=80=99 about rate movements, =
breaking with his predecessors=E2=80=99 habit of signalling in advance what=
will happen. Warsh thinks that central banks have ended up being in hock t=
o their hints. Better-than-expected inflation figures mean that a rise from=
the current level of 3.5 to 3.75 per cent is probably unlikely.
Meanwhile, Apple=E2=80=99s market valuation briefly rose [https://www.reu=
ters.com/business/retail-consumer/apple-briefly-becomes-second-company-ever=
-notch-5-trillion-market-value-2026-07-28/?status=3D=
Non-subs=
=
] above $5 trillion for the first time yesterday as investors looked to the=
iPhone maker as a safe haven amid a broader tech sell-off. Shares in Apple=
rose by as much as 1.3 per cent yesterday, as the company became only the =
second ever (after Nvidia) to reach that market capitalisation. It came the=
day after Apple reclaimed the title of world=E2=80=99s most valuable compa=
ny=E2=80=A6 also from Nvidia.
But the chip sell-off continued more broadly, with global semiconductor sto=
cks tumbling [https://www.ft.com/content/f8c03b5b-e194-4236-82c3-389b6f5d=
d7ae?syn-25a6b1a6=3D1?status=3D=
Non-subs=
=
] amid more jitters about AI. The Nasdaq 100 index went down by as much as =
1.8 per cent yesterday. Tech stocks powered global markets in the first hal=
f of the year, although recent earnings have concerned investors, with Big =
Tech stocks heading into =E2=80=98correction=E2=80=99 territory yesterday.
We=E2=80=99ll see if their fears are compounded more today, as Meta and Mic=
rosoft post their latest quarterly figures. Glencore has also announced its=
half-year production figures in the past few minutes [https://www.glenco=
re.com/investors/2026-half-year-results?status=3D=
Non-subs=
=
]: it=E2=80=99s one of the largest companies in the FTSE 100 and the world=E2=
=80=99s largest commodity trader.
But it=E2=80=99s been a good time to be a Coca-Cola exec: the company bene=
fited [https://www.thetimes.com/business/companies-markets/article/coca-co=
la-sales-13bn-world-cup-3k07tq8nb#:~:text=3DHowever%2C%20Coca%2DCola%20said=
%20that,cent%20volume%20growth%20for%20Powerade.?status=3D=
Non-subs=
=
] from advertising during World Cup hydration breaks [https://spectator.c=
om/article/the-real-reason-for-fifas-hydration-breaks/?status=3D=
=
Non-subs=
=
], which the company=E2=80=99s chief financial officer said he was =E2=80=98=
not unhappy=E2=80=99 with (England manager Thomas Tuchel complained that th=
ey were changing the identity of football matches). The breaks were sponsor=
ed by Powerade, who owned Coca-Cola. Net revenues grew 7 per cent to $13.4 =
billion in the three months to June.
And Frasers Group, the conglomerate of former Newcastle United owner Mike A=
shley, is building [https://www.telegraph.co.uk/business/2026/07/28/mike-=
ashley-builds-stake-in-burberry/?status=3D=
Non-subs=
=
] a position in Burberry. The Sports Direct owner is stepping up his effort=
s to get into the luxury retail market, disclosing a 4.2 per cent interest =
in the clothesmaker, worth around =C2=A3160 million. His group also has a 3=
7 per cent stake in Mulberry. Will we be getting super-sized Burberry mugs=
[https://www.sportsdirect.com/sports-direct-sportsdirect-super-sized-logo=
-mug-898013#colcode=3D89801301?status=3D=
Non-subs=
=
] soon?
What we=E2=80=99re reading
Climate change is real, but renewables are useless [https://www.telegraph.=
co.uk/news/2026/07/28/climate-wildfires-heatwaves-renewables-green-energy-c=
arbon/?status=3D=
Non-subs=
=
] =E2=80=93 Telegraph
This is the most original and mischievous Booker prize longlist in years [=
https://www.thetimes.com/culture/books/article/booker-prize-longlist-2026-c=
ritics-verdict-authors-books-read-txrnpfqq9?status=3D=
Non-subs=
=
] =E2=80=93 Times
The UAE=E2=80=99s bold gambit on Iran [https://www.ft.com/content/6d2d0b89=
-0d26-4e49-8e52-a53bdc178974?syn-25a6b1a6=3D1?status=3D=
Non-subs=
=
] =E2=80=93 Financial Times
The false promise of the first =E2=80=98smart=E2=80=99 homes [https://ther=
eader.mitpress.mit.edu/the-false-promise-of-the-first-smart-homes/?status=3D=
=
Non-subs=
=
] =E2=80=93 MIT Review
Meet =E2=80=98Clicky Ponting=E2=80=99, the village cricketer who fools umpi=
res with fake edges [https://www.thetimes.com/sport/cricket/article/cheati=
ng-clicky-ponting-umpires-fake-edges-saltburn-l9gvks62v?status=3D=
=
Non-subs=
=
] =E2=80=93 Times
And another thing...
All of us at Morning Press have to raise our coffee cup to Naga Munchetty a=
s a fellow morning media star (yup, that=E2=80=99s what we=E2=80=99re calli=
ng ourselves). Munchetty is quitting [https://www.bbc.co.uk/news/articles=
/cn0ngrpp2p5o?status=3D=
Non-subs=
=
] BBC Breakfast after 17 years, she announced yesterday. However, the early=
mornings are staying: she=E2=80=99ll be getting up to do 5 Live=E2=80=99s =
breakfast show. Munchetty, it must be said, has faced allegations of bullyi=
ng by staffers on Breakfast over the past year, which she denies.
Good news! A non-stop flight from London to Australia is getting closer. Ye=
sterday, a Qantas plane completed [https://www.theguardian.com/business/2=
026/jul/28/qantas-plane-flies-for-more-than-24-hours-in-record-breaking-fli=
ght?status=3D=
Non-subs=
=
] the longest ever commercial flight, travelling from Toulouse to Melbourne=
in 24 hours and 24 minutes. The flight was part of a mission to get an Air=
bus A350 jet from Australia to London without stopping. A specially adapted=
airliner is due to give the route a go next year. Although, at 24 hours, p=
erhaps you=E2=80=99d want a rest=E2=80=A6
iStock
How I imagine the plane=E2=80=A6
Any thoughts on this email? Please get in touch =E2=80=93 acolwell@spectat=
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</head>
<body style=3D"background-color:#ffffff;background-image:none;background-=
repeat:repeat;background-position:top left;background-attachment:scroll;mar=
gin-top:0;margin-bottom:0;margin-right:0;margin-left:0;padding-top:0;paddin=
g-bottom:0;padding-right:0;padding-left:0;-webkit-text-size-adjust:100%;-ms=
-text-size-adjust:100%;" ><div style=3D"mso-hide:all;position:fixed;height:=
0;max-height:0;overflow:hidden;font-size:0;">Today's news without the nonse=
nse ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ =
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<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
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td align=3D"center" style=3D"padding-top:0;padding=
-bottom:0;padding-right:0;padding-left:0;font-size:0;line-height:0;mso-line=
-height-rule:exactly;" >
<span class=3D"wi-100p hm"><a href=3D"https://ble=
nd.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-j/" style=3D"outline-s=
tyle:none;color:#b30517;text-decoration:underline;" ><img src=3D"=
https=
://i1.cmail20.com=
/ei/j/62/0AF/0AA/csimport/abder=
deen.062352.jpg" width=3D"710" label=3D"Responsive_Banner Desktop" height=3D=
"130" style=3D"width:100% !important;font-style:normal;font-variant:normal;=
font-weight:normal;font-size:16px;font-family:Times New Roman, Times, serif=
, EBGaramond;line-height:20px;color:#333;vertical-align:top;border-style:no=
ne;height:auto !important;" /></a></span>
<span class=3D"image-m" style=3D"display:none;fon=
t-size:0;line-height:0;" ><a href=3D"https://blend.spectator.co.uk/t/j-l-yd=
uutrhd-hklitkhlik-t/" style=3D"outline-style:none;color:#b30517;tex=
t-decoration:underline;" ><img src=3D"https=
://i2.=
cmail20.com=
/ei/j/62/0AF/0AA/csimport/absat.062428.jpg" width=3D"500" =
label=3D"Responsive_Banner Mobile" height=3D"225" style=3D"width:0px;font-=
style:normal;font-variant:normal;font-weight:normal;font-size:0;font-family=
:Times New Roman, Times, serif, EBGaramond;line-height:0;color:#333;vertica=
l-align:top;border-style:none;" /></a></span>
</td>
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</table>
=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=
://i7.=
cmail20.com=
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=2Ejpg" width=3D"550" alt=3D"Morning Press | Spectator Daily"=
label=3D"Spectator daily header" style=3D"display:block;width:100%;max-wid=
th:550px;height:auto;border-width:0;outline-color:0;text-decoration:none;" =
/>
</td>
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<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;" >
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</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;" >
<p style=3D"text-align:center;margin-top:10=
px;margin-bottom:0;margin-right:0;margin-left:0;" ><strong style=3D"font-we=
ight:700;" >By</strong> <strong style=3D"font-weight:700;" ><i>Angus Colwel=
l</i></strong></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;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Good morning</strong>. Andy Burnham wi=
ll make a speech today setting out provisional plans for social care, but w=
ill wait until Baroness Casey=E2=80=99s report is published before he lays =
out a definitive strategy. Iran rejected a proposal to divide the Strait of=
Hormuz evenly, while Donald Trump supposedly had good meetings with Benjam=
in Netanyahu and Volodymyr Zelensky yesterday. Anthony Fauci will appear be=
fore a congressional committee and Fifa=E2=80=99s got a red card from footb=
all fans over its latest money-making venture. You=E2=80=99re reading <i>Sp=
ectator Daily</i>: here=E2=80=99s everything you need to know today.</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;" >
<p style=3D"text-align:center;margin-top:0;=
margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >HOW WILL BURNHAM FIX SOCIAL CARE? </st=
rong></p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Social Care Day </strong>is upon us, a=
nd, look, there are cheerier topics. Andy Burnham will use a speech to anno=
unce his desire for some kind of national care service, though there won=E2=
=80=99t be any hard policy just yet. The Prime Minister will say that he=E2=
=80=99ll wait for the conclusions of an independent review by Baroness Case=
y. Keir Starmer commissioned that inquiry, which was due to finish in 2028.=
This looks likely to be brought forward since Burnham has said he will use=
=E2=80=98whatever political capital I have=E2=80=99 to sort the issue.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >The papers</strong>, therefore, are fi=
lling the vacuum. The <i>Telegraph </i><a href=3D"https://blend.spectator.c=
o.uk/t/j-l-yduutrhd-hklitkhlik-i/" style=3D"outline-style:none;colo=
r:#b30517;text-decoration:underline;" >reveals</a> that one policy civil se=
rvants have developed involves workers making mandatory contributions to a =
privately managed fund for care in later life. It would be an alternative t=
o a 10 per cent tax on estates, which Burnham likes despite it being called=
a =E2=80=98death tax=E2=80=99.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >The levy</strong> would apply to 1.8 p=
er cent of earnings above =C2=A36,240, paid for by workers above the age of=
34. So, an<strong style=3D"font-weight:700;" > </strong>employee on a =C2=A3=
50,000 salary would pay an extra =C2=A3788 a year in tax. Of course, it=E2=80=
=99s just one of a few proposals: officials are also considering a =E2=80=98=
pay-as-you-go=E2=80=99 insurance model like those used in Germany and Japan=
=2E</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:0px;paddi=
ng-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:5px;padding-right:0;padding-left:0;mso-line-h=
eight-rule:exactly;" >
<img src=3D"https=
://i3.=
cmail20.com=
/ei/j/62/0AF/0AA/csimport/unnamed.062443.png" width=3D=
"610" label=3D"Image_caption_and_credit" height=3D"406" style=3D"width:100=
% !important;vertical-align:top;height:auto !important;" />
</td>
<td style=3D"width:0px;vertical-align:top;mso=
-line-height-rule:exactly;" >
<div style=3D"font-size:10px;font-family:'L=
ato', Arial, Helvetica, sans-serif;color:#333;line-height:12px;text-align:l=
eft;text-transform:uppercase;writing-mode:vertical-rl;white-space:nowrap;pa=
dding-top:0;padding-bottom:5px;padding-right:0;padding-left:0px;mso-table-l=
space:0pt;mso-table-rspace:0pt;" >
Getty
</div>
</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;padding-top:0;pa=
dding-bottom:24px;padding-right:0;padding-left:0;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<i>Andy Burnham is shown the Tax Collector 3,000 yesterday. </i></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;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >The </strong><i><strong style=3D"font-=
weight:700;" >Times</strong></i><i> </i><a href=3D"https://blend.spectator.=
co.uk/t/j-l-yduutrhd-hklitkhlik-d/" style=3D"outline-style:none;col=
or:#b30517;text-decoration:underline;" >hears</a> that Burnham doesn=E2=80=99=
t want any privately-run chains to be part of his shake-up (probably not th=
e best day, then, for his Business Secretary to try to <a href=3D"https://b=
lend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-h/" style=3D"outline=
-style:none;color:#b30517;text-decoration:underline;" >convince</a> the <i>=
Financial Times </i>that he wants strong partnerships with the private sect=
or). Anyway, the PM could exclude providers from his new funding formula if=
they=E2=80=99re set up to make a profit: sources tell the paper he=E2=80=99=
s worried about taxpayers=E2=80=99 money subsidising private equity profits=
=2E</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >It sounds like a sensible </strong>pol=
icy when you hear that 85 per cent of care homes are run by for-profit prov=
iders. But care experts are worried: a spokesperson from the Nuffield Trust=
asked what would happen to the people receiving care if a provider leaves =
the market. The National Care Association also pointed out that =E2=80=98pr=
ivate equity currently makes up less than 20 per cent of the total market w=
hile the vast majority are small independent and local providers=E2=80=99.<=
/p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >However he does this</strong>, he=E2=80=
=99s going to rope other parties in to try to get a consensus. He=E2=80=99s=
invited the Lib Dems and Tories for talks today: Ed Davey will Zoom in, wh=
ile Kemi Badenoch will be represented by her shadow health secretary Stuart=
Andrew (she is having pre-planned minor surgery). You get the sense that t=
oday=E2=80=99s speech is very much the beginning.<strong style=3D"font-weig=
ht:700;" > </strong></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 cellpadding=3D"0" cellspacing=3D"0" =
width=3D"100%">
<tbody>
<tr>
<td style=3D"padding-top:0;padding-bo=
ttom:0;padding-right:0;padding-left:0;mso-line-height-rule:exactly;" >
<table align=3D"center" cellpadding=
=3D"0" cellspacing=3D"0" width=3D"610" style=3D"max-width:610px;width:100%=
;margin-top:0;margin-bottom:0;margin-right:auto;margin-left:auto;border-wid=
th:1px;border-style:solid;border-color:#ccc;border-radius:5px;background-co=
lor:#f8f8f8;" >
<tbody>
<tr>
<td style=3D"padding-top:20px=
;padding-bottom:20px;padding-right:20px;padding-left:20px;font-family:EBGar=
amond, Garamond, Times New Roman, Times, serif;font-size:19.5px;color:#333;=
line-height:25px;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;ma=
rgin-bottom:0;margin-right:0;margin-left:0;" >
A message from our sponsor, <em>Aberdeen IT</em><br />
<br />
<strong style=3D"font-weight:700;" >Why we still invest in what people act=
ually need</strong></p>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<br />
Drawing on Maslow=E2=80=99s hierarchy of needs, Gabriel Sacks, the Lead Ma=
nager of Aberdeen Asia Focus, argues that while AI-related companies domina=
te markets and attract significant investor attention, people=E2=80=99s bro=
ader needs remain important and should not be overlooked. As a result, inve=
stors should consider maintaining diversification beyond technology and AI,=
including opportunities in other sectors and smaller Asian companies.</p>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
</p>
<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-yduutrhd-hklitkhlik=
-k/" style=3D"outline-style:none;color:#b30517;text-decoration:underline;" =
>Read more</a></p>
</td>
</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 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;" >
Coming up today</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 border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0">
<tbody>
<tr>
<td style=3D"vertical-align:top;padding-right:10px;padding-top:5px;mso-l=
ine-height-rule:exactly;" >
<img alt=3D"=E2=80=A2" height=3D"18" src=3D"https://www.spectator.co.uk=
/wp-content/uploads/2025/07/daily-bullet-point-copy.png" width=3D"30" /></t=
d>
<td style=3D"padding-bottom:18px;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;"=
>
Join us at 7 p.m. for an evening with the Wiki Man, Rory Sutherland. S=
ign up to be notified for the livestream <a href=3D"https://blend.spectator=
=2Eco.uk/t/j-l-yduutrhd-hklitkhlik-u/" style=3D"outline-style:none;co=
lor:#b30517;text-decoration:underline;" >here</a>, and catch up on his late=
st column <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-o/" style=3D"outline-style:none;color:#b30517;text-decoration:und=
erline;" >here</a>.</p>
</td>
</tr>
<tr>
<td style=3D"vertical-align:top;padding-right:10px;padding-top:5px;mso-l=
ine-height-rule:exactly;" >
<img alt=3D"=E2=80=A2" height=3D"18" src=3D"https://www.spectator.co.uk=
/wp-content/uploads/2025/07/daily-bullet-point-copy.png" width=3D"30" /></t=
d>
<td style=3D"padding-bottom:18px;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;"=
>
The High Court will today decide the legal bill due following the judg=
ement in Prince Harry=E2=80=99s case against the publisher of the <i>Mail</=
i>.</p>
</td>
</tr>
<tr>
<td style=3D"vertical-align:top;padding-right:10px;padding-top:5px;mso-l=
ine-height-rule:exactly;" >
<img alt=3D"=E2=80=A2" height=3D"18" src=3D"https://www.spectator.co.uk=
/wp-content/uploads/2025/07/daily-bullet-point-copy.png" width=3D"30" /></t=
d>
<td style=3D"padding-bottom:18px;mso-line-height-rule:exactly;" >
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;"=
>
Population estimates for England and Wales are out at 9.30 a.m. <a hre=
f=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-b/" st=
yle=3D"outline-style:none;color:#b30517;text-decoration:underline;" >here</=
a>. Stats on workless households will also <a href=3D"https://blend.spectat=
or.co.uk/t/j-l-yduutrhd-hklitkhlik-n/" style=3D"outline-style:none;=
color:#b30517;text-decoration:underline;" >drop</a> at the same time.</p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td class=3D"pb-30" style=3D"padding-top:0;padding-=
bottom:0px;padding-right:15px;padding-left:15px;mso-line-height-rule:exactl=
y;" >
<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:20px;padding-right:0;padding-left:0;mso-line-=
height-rule:exactly;" >
<img src=3D"https=
://i7.=
cmail20.com=
/ti/j/57/36F/8ED/221858/images/a-halo.png" width=3D"=
610" label=3D"JGlinebreakA" style=3D"width:100% !important;vertical-align:=
top;height:auto !important;" />
</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;" >
<p style=3D"text-align:center;margin-top:0;=
margin-bottom:0;margin-right:0;margin-left:0;" ><strong style=3D"font-weigh=
t:700;" >EARTHQUAKES IN THE EAST, WILDFIRES IN THE WEST
</strong></p><br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" ><s=
trong style=3D"font-weight:700;" >I=E2=80=99m afraid </strong>we have to st=
art this section with some bleak natural disasters. Japan=E2=80=99s fire se=
rvice said at least 13 people had died after an earthquake in the city of K=
umamoto yesterday, which left dozens trapped in a shopping centre. The eart=
hquake hit at 4.27 p.m. local time yesterday, at an estimated 6.8 magnitude=
=2E Power was knocked out for thousands of homes, with 300,000 people evacuat=
ed. The moment of explosion was <a href=3D"https://blend.spectator.co.uk/t/=
j-l-yduutrhd-hklitkhlik-p/" style=3D"outline-style:none;color:#b305=
17;text-decoration:underline;" >captured</a> on camera.
</p><br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" ><s=
trong style=3D"font-weight:700;" >Meanwhile</strong>, firefighters worked a=
round the clock in the Gironde region of France as strong winds and a forec=
ast 40C heatwave threaten to fan the wildfires again. This <i>Le Monde </i>=
article <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-x/" style=3D"outline-style:none;color:#b30517;text-decoration:under=
line;" >highlights</a> another danger: the fires aren=E2=80=99t too far fro=
m a nuclear missile development centre (great). Firebreaks were created aro=
und them as soon as possible.=20
</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:0px;paddi=
ng-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:5px;padding-right:0;padding-left:0;mso-line-h=
eight-rule:exactly;" >
<img src=3D"https=
://i4.=
cmail20.com=
/ei/j/62/0AF/0AA/csimport/unnamed-2.062525.png" widt=
h=3D"610" label=3D"Image_caption_and_credit" height=3D"406" style=3D"width=
:100% !important;vertical-align:top;height:auto !important;" />
</td>
<td style=3D"width:0px;vertical-align:top;mso=
-line-height-rule:exactly;" >
<div style=3D"font-size:10px;font-family:'L=
ato', Arial, Helvetica, sans-serif;color:#333;line-height:12px;text-align:l=
eft;text-transform:uppercase;writing-mode:vertical-rl;white-space:nowrap;pa=
dding-top:0;padding-bottom:5px;padding-right:0;padding-left:0px;mso-table-l=
space:0pt;mso-table-rspace:0pt;" >
Getty
</div>
</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;padding-top:0;pa=
dding-bottom:24px;padding-right:0;padding-left:0;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<i>A group of journalists watches smoke rise from a forest fire outside Le=
ge-Cap-Ferret. </i></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;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Bad news from </strong>the Middle East=
, where Iran has reportedly rejected a proposal to divide control of the St=
rait of Hormuz evenly. Oman suggested a temporary plan to have even lanes o=
f control but, <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-m/" style=3D"outline-style:none;color:#b30517;text-decoratio=
n:underline;" >according</a> to the <i>Wall Street Journal</i>, Tehran said=
they wouldn=E2=80=99t accept anything other than the lion=E2=80=99s share.=
</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Over in Washington</strong>, Donald Tr=
ump held separate meetings with Benjamin Netanyahu and Volodymyr Zelensky y=
esterday as they attended late senator Lindsey Graham=E2=80=99s funeral. Is=
raeli Prime Minister Netanyahu said it was =E2=80=98one of the best convers=
ations=E2=80=99 he=E2=80=99d had with Trump, while President Zelensky said =
his chat was good too. He pressed his US counterpart to give Ukraine more P=
atriot missiles, and also met with representatives of the defence company L=
ockheed Martin.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >All eyes </strong>in D.C. will be on A=
nthony Fauci today, who was America=E2=80=99s Chris Whitty during the Covid=
pandemic. He=E2=80=99s due for a high-profile hearing in front of a Republ=
ican-controlled congressional committee. Senator Rand Paul, who will be gri=
lling the 85-year-old, released more than 1,000 pages over the weekend of w=
hat he says are Fauci=E2=80=99s near daily diaries from the pandemic, concl=
uding that what he =E2=80=98wrote privately and what he told the country ar=
e two different stories=E2=80=99. Fauci will be asked about <a href=3D"http=
s://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-c/" style=3D"ou=
tline-style:none;color:#b30517;text-decoration:underline;" >gain-of-functio=
n research</a>, his pardon by Joe Biden and what Paul calls the general =E2=
=80=98Covid cover-up=E2=80=99.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Meanwhile, </strong>anger<strong style=
=3D"font-weight:700;" > </strong>is rising at Fifa, with even Andy Burnham =
chipping in to criticise the organisation=E2=80=99s latest big idea. The in=
ternational football body reportedly wants to sell World Cup stakes to priv=
ate investors in a scheme that could earn around $20 billion. Thrive Capita=
l =E2=80=93 run by Joshua Kushner, the brother of Trump=E2=80=99s son-in-la=
w =E2=80=93 is expected to lead the proposed investor group. The plans were=
first reported in the <i><a href=3D"https://blend.spectator.co.uk/t/j-l-yd=
uutrhd-hklitkhlik-q/" style=3D"outline-style:none;color:#b30517;tex=
t-decoration:underline;" >FT</a></i><i> </i>and the <i><a href=3D"https://b=
lend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-a/" style=3D"outline=
-style:none;color:#b30517;text-decoration:underline;" >Times</a></i>.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Burnham said</strong>: =E2=80=98Footba=
ll does not belong to investors. It belongs to the people who fill the stan=
ds and who stand on the touchline week in, week out, rain or shine.=E2=80=99=
Uefa (the European footballing federation) will meet after saying that the=
=E2=80=98soul and governance of football are not assets to trade=E2=80=99.=
Don=E2=80=99t discount the possibility of a boycott of Fifa=E2=80=99s tour=
naments, which could amount to nothing less than the end of the World Cup.<=
/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"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;" >
Watch and listen
</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 border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0"><tbody><tr>
<td style=3D"vertical-align:top;padding-right:10px;padding-top:=
5px;mso-line-height-rule:exactly;" >
<img alt=3D"=E2=80=A2" height=3D"18" src=3D"https://www.spe=
ctator.co.uk/wp-content/uploads/2025/07/daily-bullet-point-copy.png" width=3D=
"30" />
</td>
<td style=3D"padding-bottom:18px;mso-line-height-rule:exactly;"=
>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;mar=
gin-left:0;" >Katharine Birbalsingh, Britain=E2=80=99s most famous headteac=
her, <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-f/" style=3D"outline-style:none;color:#b30517;text-decoration:underlin=
e;" >joins</a> Michael Gove on the latest episode of <i>Quite right!
</i></p>
</td>
</tr><tr>
<td style=3D"vertical-align:top;padding-right:10px;padding-top:=
5px;mso-line-height-rule:exactly;" >
<img alt=3D"=E2=80=A2" height=3D"18" src=3D"https://www.spe=
ctator.co.uk/wp-content/uploads/2025/07/daily-bullet-point-copy.png" width=3D=
"30" />
</td>
<td style=3D"padding-bottom:18px;mso-line-height-rule:exactly;"=
>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;mar=
gin-left:0;" >On <i>Newsnight </i>last night, Zack Polanski <a href=3D"http=
s://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-z/" style=3D"ou=
tline-style:none;color:#b30517;text-decoration:underline;" >said</a> he wou=
ldn=E2=80=99t apologise to Nigel Farage for sharing a controversial Instagr=
am post and said Reform had been the ones amplifying it further.
</p>
</td>
</tr><tr>
<td style=3D"vertical-align:top;padding-right:10px;padding-top:=
5px;mso-line-height-rule:exactly;" >
<img alt=3D"=E2=80=A2" height=3D"18" src=3D"https://www.spe=
ctator.co.uk/wp-content/uploads/2025/07/daily-bullet-point-copy.png" width=3D=
"30" />
</td>
<td style=3D"padding-bottom:18px;mso-line-height-rule:exactly;"=
>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;mar=
gin-left:0;" >And, if you haven=E2=80=99t seen it, some extraordinary foota=
ge from Lindsey Graham=E2=80=99s funeral: Donald Trump <a href=3D"https://b=
lend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-v/" style=3D"outline=
-style:none;color:#b30517;text-decoration:underline;" >corrected</a> his eu=
logy to add that =E2=80=98not everybody=E2=80=99 liked the senator, and the=
n <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-e/" style=3D"outline-style:none;color:#b30517;text-decoration:underline;"=
>tapped</a> his coffin on the way past.
</p>
</td>
</tr></tbody></table>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td class=3D"pb-30" style=3D"padding-top:0;padding-=
bottom:0px;padding-right:15px;padding-left:15px;mso-line-height-rule:exactl=
y;" >
<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:20px;padding-right:0;padding-left:0;mso-line-=
height-rule:exactly;" >
<img src=3D"https=
://i8.=
cmail20.com=
/ti/j/57/36F/8ED/221858/images/b-halo.png" width=3D"=
610" label=3D"JGlinebreakB" style=3D"width:100% !important;vertical-align:=
top;height:auto !important;" />
</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;" >
<p style=3D"text-align:center;margin-top:0;=
margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >BENEFITS, BOATS AND A CAMBRIDGE BACKLA=
SH </strong></p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Back to Britain</strong>, where parent=
s on benefits will be <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutr=
hd-hklitkhlik-s/" style=3D"outline-style:none;color:#b30517;text-de=
coration:underline;" >paid</a> up to =C2=A34,500 a year if their child take=
s up an apprenticeship. The =E2=80=98bursary=E2=80=99 is designed to end a =
welfare trap, which sees parents lose child benefits and some universal cre=
dit if their children leave education in favour of an apprenticeship while =
still living at home. The money will come from the =C2=A31 billion of addit=
ional investment in the growth and skills levy announced by Keir Starmer=E2=
=80=99s government in May. The story features on the <a href=3D"https://ble=
nd.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-g/" style=3D"outline-s=
tyle:none;color:#b30517;text-decoration:underline;" >cover</a> of today=E2=80=
=99s <i>Mail</i>, which=20
lambasts the ideas as a =E2=80=98bribe=E2=80=99.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >A bizarre story </strong>from yesterda=
y features heavily in this morning=E2=80=99s papers, which is worth a recap=
if you missed it. Shadow home<strong style=3D"font-weight:700;" > </strong=
>secretary<strong style=3D"font-weight:700;" > </strong>Chris Philp had qui=
te the <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-w/" style=3D"outline-style:none;color:#b30517;text-decoration:underl=
ine;" >shock</a> yesterday when a French navy patrol boat appeared to fire =
a round of gunshots =E2=80=98without warning=E2=80=99 while he was being in=
terviewed by the BBC in the English Channel. The French authorities have no=
w said this was part of a training exercise unrelated to the presence of a =
British ship, which they have clarified was out of firing range. Philp isn=E2=
=80=99t happy though. He dismissed the French explanation as =E2=80=98not c=
redible=E2=80=99, arguing that =E2=80=98there were no=20
warnings in place about live firing training exercises=E2=80=99. He accused=
the French ship of =E2=80=98deliberate intimidation.=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:0px;paddi=
ng-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:5px;padding-right:0;padding-left:0;mso-line-h=
eight-rule:exactly;" >
<img src=3D"https=
://i5.=
cmail20.com=
/ei/j/62/0AF/0AA/csimport/unnamed-4.062550.png" widt=
h=3D"610" label=3D"Image_caption_and_credit" height=3D"414" style=3D"width=
:100% !important;vertical-align:top;height:auto !important;" />
</td>
<td style=3D"width:0px;vertical-align:top;mso=
-line-height-rule:exactly;" >
<div style=3D"font-size:10px;font-family:'L=
ato', Arial, Helvetica, sans-serif;color:#333;line-height:12px;text-align:l=
eft;text-transform:uppercase;writing-mode:vertical-rl;white-space:nowrap;pa=
dding-top:0;padding-bottom:5px;padding-right:0;padding-left:0px;mso-table-l=
space:0pt;mso-table-rspace:0pt;" >
Getty
</div>
</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;padding-top:0;pa=
dding-bottom:24px;padding-right:0;padding-left:0;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<em>=E2=80=98Is he on ze boat?=E2=80=99</em></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;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Today </strong>is the <a href=3D"https=
://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-yd/" style=3D"ou=
tline-style:none;color:#b30517;text-decoration:underline;" >final</a> day o=
f campaigning in Greater Manchester ahead of the mayoral election triggered=
by Andy Burnham=E2=80=99s departure. Labour hopes are pinned on the curren=
t mayor of Manchester City Council, Bev Craig, who currently leads the poll=
s. Reform=E2=80=99s Sian Astley is her strongest opponent, but with Reform =
turning their attention to the Clacton by-election campaign, they=E2=80=99r=
e unlikely to take the lead in the area.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Meanwhile, </strong>Cambridge=E2=80=99=
s youngest black professor could <a href=3D"https://blend.spectator.co.uk/t=
/j-l-yduutrhd-hklitkhlik-yh/" style=3D"outline-style:none;color:#b3=
0517;text-decoration:underline;" >face</a> a university inquiry into allega=
tions he plagiarised his PhD and a number of other academic articles. So fa=
r, Cambridge has stood by Professor Jason Arday, accusing reporters of a =E2=
=80=98vile campaign to undermine his credibility=E2=80=99. But pressure is =
mounting following fresh analysis that found 188 sentences in his publicati=
ons were identical to that of another student =E2=80=93 the odds of which h=
appening organically are one in 100 billion.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Today also </strong>marks two years <a=
href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-yk=
/" style=3D"outline-style:none;color:#b30517;text-decoration:underline;" >s=
ince</a> the Southport killer Axel Rudakubana murdered three children. The =
19-year-old was given a life sentence for the murders of Alice da Silva Agu=
iar, Bebe King and Elsie Dot Stancombe, and the attempted murders of ten ot=
her people. However, this anniversary comes less than a week after he was m=
oved from HMP Belmarsh to Broadmoor psychiatric hospital in Berkshire. Lawy=
ers representing the three bereaved families said they =E2=80=98don=E2=80=99=
t believe the merits=E2=80=99 of the transfer on the basis of a mental heal=
th issue. The Southport Inquiry, set up to examine the circumstances that l=
ed up to the attack, is <a=20
href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-yu/=
" style=3D"outline-style:none;color:#b30517;text-decoration:underline;" >st=
ill</a> in phase two and will next sit in September.<strong style=3D"font-w=
eight:700;" > </strong></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=
://i6.=
cmail20.com=
/ei/j/62/0AF/0AA/csimport/Screenshot2026-07-29at06.2=
6.11.062622.png" width=3D"286" label=3D"Image" height=3D"269" style=3D"wid=
th:100% !important;max-width:286px;vertical-align:top;height:auto !importan=
t;" />
</td>
</tr>
<tr>
<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=98How many prime ministers have I missed?=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 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"text-align:center;margin-top:0;=
margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >THE FED=E2=80=99S RATES DAY </strong><=
/p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >The Fed </strong>will<strong style=3D"=
font-weight:700;" > </strong>announce its latest interest rates decision at=
7 p.m. UK time this evening. New chairman Kevin Warsh is breaking with con=
vention, and there=E2=80=99s been little in the way of teasing ahead of the=
announcement. Warsh said he wants to be =E2=80=98very curt=E2=80=99 about =
rate movements, breaking with his predecessors=E2=80=99 habit of signalling=
in advance what will happen. Warsh thinks that central banks have ended up=
being in hock to their hints. Better-than-expected inflation figures mean =
that a rise from the current level of 3.5 to 3.75 per cent is probably unli=
kely.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >Meanwhile</strong>, Apple=E2=80=99s ma=
rket valuation briefly <a href=3D"https://blend.spectator.co.uk/t/j-l-yduut=
rhd-hklitkhlik-jl/" style=3D"outline-style:none;color:#b30517;text-=
decoration:underline;" >rose</a> above $5 trillion for the first time yeste=
rday as investors looked to the iPhone maker as a safe haven amid a broader=
tech sell-off. Shares in Apple rose by as much as 1.3 per cent yesterday, =
as the company became only the second ever (after Nvidia) to reach that mar=
ket capitalisation. It came the day after Apple reclaimed the title of worl=
d=E2=80=99s most valuable company=E2=80=A6 also from Nvidia.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >But the chip sell-off </strong>continu=
ed more broadly, with global semiconductor stocks <a href=3D"https://blend.=
spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-jr/" style=3D"outline-sty=
le:none;color:#b30517;text-decoration:underline;" >tumbling</a> amid more j=
itters about AI. The Nasdaq 100 index went down by as much as 1.8 per cent =
yesterday. Tech stocks powered global markets in the first half of the year=
, although recent earnings have concerned investors, with Big Tech stocks h=
eading into =E2=80=98correction=E2=80=99 territory yesterday.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >We=E2=80=99ll see</strong> if their fe=
ars are compounded more today, as Meta and Microsoft post their latest quar=
terly figures. Glencore has also announced its half-year production figures=
in the past few <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-jy/" style=3D"outline-style:none;color:#b30517;text-decora=
tion:underline;" >minutes</a>: it=E2=80=99s one of the largest companies in=
the FTSE 100 and the world=E2=80=99s largest commodity trader.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >But </strong>it=E2=80=99s been<strong =
style=3D"font-weight:700;" > </strong>a good time to be a Coca-Cola exec: t=
he company <a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-jj/" style=3D"outline-style:none;color:#b30517;text-decoration:u=
nderline;" >benefited</a> from advertising during World Cup <a href=3D"http=
s://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-jt/" style=3D"o=
utline-style:none;color:#b30517;text-decoration:underline;" >hydration brea=
ks</a>, which the company=E2=80=99s chief financial officer said he was =E2=
=80=98not unhappy=E2=80=99 with (England manager Thomas Tuchel complained t=
hat they were changing the identity of football matches). The breaks were s=
ponsored by Powerade, who owned Coca-Cola. Net revenues grew 7 per cent to =
$13.4 billion in the three months to June.</p>
<br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<strong style=3D"font-weight:700;" >And </strong>Frasers Group, the conglo=
merate of former<strong style=3D"font-weight:700;" > </strong>Newcastle Uni=
ted owner Mike Ashley, is <a href=3D"https://blend.spectator.co.uk/t/j-l-yd=
uutrhd-hklitkhlik-ji/" style=3D"outline-style:none;color:#b30517;te=
xt-decoration:underline;" >building</a> a position in Burberry. The Sports =
Direct owner is stepping up his efforts to get into the luxury retail marke=
t, disclosing a 4.2 per cent interest in the clothesmaker, worth around =C2=
=A3160 million. His group also has a 37 per cent stake in Mulberry. Will we=
be getting super-sized Burberry <a href=3D"https://blend.spectator.co.uk/t=
/j-l-yduutrhd-hklitkhlik-jd/" style=3D"outline-style:none;color:#b3=
0517;text-decoration:underline;" >mugs</a> soon?</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"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;" >
What we=E2=80=99re reading
</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;" ></p><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-yduutrhd-hklitkhlik-jh/" style=3D"color:#333;text-decoration=
:underline;outline-style:none;" >Climate change is real, but renewables are=
useless</a> =E2=80=93 <i>Telegraph</i>
</p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;"=
></p><p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin-lef=
t:0;" ></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-l=
eft:0;" ><a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-jk/" style=3D"color:#333;text-decoration:underline;outline-style:n=
one;" >This is the most original and mischievous Booker prize longlist in y=
ears</a> =E2=80=93 <i>Times
</i></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left=
:0;" ></p><p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin=
-left:0;" ></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;marg=
in-left:0;" ><a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-ju/" style=3D"color:#333;text-decoration:underline;outline-sty=
le:none;" >The UAE=E2=80=99s bold gambit on Iran</a> <i>=E2=80=93 Financial=
Times
</i></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left=
:0;" ></p><p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin=
-left:0;" ></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;marg=
in-left:0;" ><a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-tl/" style=3D"color:#333;text-decoration:underline;outline-sty=
le:none;" >The false promise of the first =E2=80=98smart=E2=80=99 homes</a>=
=E2=80=93 <i>MIT Review
</i></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left=
:0;" ></p><p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin=
-left:0;" ></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;marg=
in-left:0;" ><a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-tr/" style=3D"color:#333;text-decoration:underline;outline-sty=
le:none;" >Meet =E2=80=98Clicky Ponting=E2=80=99, the village cricketer who=
fools umpires with fake edges</a> =E2=80=93 <i>Times
</i></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left=
:0;" ></p><p style=3D"margin-top:0;margin-bottom:10px;margin-right:0;margin=
-left:0;" ></p><p style=3D"margin-top:0;margin-bottom:0;margin-right:0;marg=
in-left:0;" ><i>
</i></p><p style=3D"margin-top:0;margin-bottom:0;margin-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 class=3D"pb-30" style=3D"padding-top:0;padding-=
bottom:0px;padding-right:15px;padding-left:15px;mso-line-height-rule:exactl=
y;" >
<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:20px;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/c-halo.png" width=3D"=
610" label=3D"JGlinebreakC" style=3D"width:100% !important;vertical-align:=
top;height:auto !important;" />
</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=
;" >
And another thing...
</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;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" ><strong style=3D"font-weight:700;" >All of us=
</strong>at <i>Morning Press </i>have to raise our coffee cup to Naga Munc=
hetty as a fellow morning media star (yup, that=E2=80=99s what we=E2=80=99r=
e calling ourselves). Munchetty is <a href=3D"https://blend.spectator.co.uk=
/t/j-l-yduutrhd-hklitkhlik-ty/" style=3D"outline-style:none;color:#=
b30517;text-decoration:underline;" >quitting</a> <i>BBC</i> <i>Breakfast </=
i>after 17 years, she announced yesterday. However, the early mornings are =
staying: she=E2=80=99ll be getting up to do 5 Live=E2=80=99s breakfast show=
=2E Munchetty, it must be said, has faced allegations of bullying by staffers=
on <i>Breakfast </i>over the past year, which she denies.=20
</p><br />
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" ><s=
trong style=3D"font-weight:700;" >Good news! </strong>A non-stop flight fro=
m London to Australia is getting closer. Yesterday, a Qantas plane <a href=3D=
"https://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-tj/" style=
=3D"outline-style:none;color:#b30517;text-decoration:underline;" >completed=
</a> the longest ever commercial flight, travelling from Toulouse to Melbou=
rne in 24 hours and 24 minutes. The flight was part of a mission to get an =
Airbus A350 jet from Australia to London without stopping. A specially adap=
ted airliner is due to give the route a go next year. Although, at 24 hours=
, perhaps you=E2=80=99d want a rest=E2=80=A6
</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:0px;paddi=
ng-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:5px;padding-right:0;padding-left:0;mso-line-h=
eight-rule:exactly;" >
<img src=3D"https=
://i7.=
cmail20.com=
/ei/j/62/0AF/0AA/csimport/unnamed-5.062637.png" widt=
h=3D"610" alt=3D"iStock" label=3D"Image_caption_and_credit" height=3D"299"=
style=3D"width:100% !important;vertical-align:top;height:auto !important;"=
/>
</td>
<td style=3D"width:0px;vertical-align:top;mso=
-line-height-rule:exactly;" >
<div style=3D"font-size:10px;font-family:'L=
ato', Arial, Helvetica, sans-serif;color:#333;line-height:12px;text-align:l=
eft;text-transform:uppercase;writing-mode:vertical-rl;white-space:nowrap;pa=
dding-top:0;padding-bottom:5px;padding-right:0;padding-left:0px;mso-table-l=
space:0pt;mso-table-rspace:0pt;" >
iStock
</div>
</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;padding-top:0;pa=
dding-bottom:24px;padding-right:0;padding-left:0;mso-line-height-rule:exact=
ly;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<i>How I imagine the plane=E2=80=A6 </i></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;" >
<p style=3D"margin-top:0;margin-bottom:0;ma=
rgin-right:0;margin-left:0;" >
<i>Any thoughts on this email? Please get in touch =E2=80=93 <a href=3D"ma=
ilto:acolwell@spectator.co.uk?subject=3DMorning%20Press" style=3D"outline-s=
tyle:none;color:#b30517;text-decoration:underline;" >acolwell@spectator.co.=
uk</a> </i></p>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
</p>
<p style=3D"margin-top:0;margin-bottom:0;margin-right:0;margin-left:0;" >
<i>With thanks to Lara Brown for additional reporting. For more, subscribe=
to our </i><a href=3D"https://blend.spectator.co.uk/t/j-l-yduutrhd-=
hklitkhlik-tt/" style=3D"outline-style:none;color:#b30517;text-decoration:=
underline;" >Lunchtime Espresso</a><i> briefing at 1 p.m. and </i><a href=3D=
"https://blend.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-ti/" style=
=3D"outline-style:none;color:#b30517;text-decoration:underline;" >Evening B=
lend</a><i> at 6 p.m. </i></p>
</td>
</tr>
</table>
</td>
</tr>
</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td class=3D"pb-30" style=3D"padding-top:0;padding-=
bottom:0px;padding-right:15px;padding-left:15px;mso-line-height-rule:exactl=
y;" >
<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:20px;padding-right:0;padding-left:0;mso-line-=
height-rule:exactly;" >
<img src=3D"https=
://i10=
=2Ecmail20.com=
/ti/j/57/36F/8ED/221858/images/d-halo.png" width=3D=
"610" label=3D"JGlinebreakD" style=3D"width:100% !important;vertical-align=
:top;height:auto !important;" />
</td>
</tr>
</table>
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</table>
=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0">
<tr>
<td align=3D"center" style=3D"padding-top:0;padding=
-bottom:0;padding-right:0;padding-left:0;font-size:0;line-height:0;mso-line=
-height-rule:exactly;" >
<span class=3D"wi-100p hm"><a href=3D"https://ble=
nd.spectator.co.uk/t/j-l-yduutrhd-hklitkhlik-td/" style=3D"outline-=
style:none;color:#b30517;text-decoration:underline;" ><img src=3D"=
https=
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rdeen.062708.jpg" width=3D"710" label=3D"Responsive_Banner Desktop" height=
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al;font-weight:normal;font-size:16px;font-family:Times New Roman, Times, se=
rif, EBGaramond;line-height:20px;color:#333;vertical-align:top;border-style=
:none;height:auto !important;" /></a></span>
<span class=3D"image-m" style=3D"display:none;fon=
t-size:0;line-height:0;" ><a href=3D"https://blend.spectator.co.uk/t/j-l-yd=
uutrhd-hklitkhlik-th/" style=3D"outline-style:none;color:#b30517;te=
xt-decoration:underline;" ><img src=3D"https=
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al-align:top;border-style:none;" /></a></span>
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llspacing=3D"0" style=3D"max-width:610px;width:100% !important;margin-top:0=
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imes New Roman, Times, serif;line-height:30px;color:#333;mso-line-height-ru=
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