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The yield on Britain’s benchmark 10-year government bond briefly reached 5.294%, its highest since 2007. It sounds like a market story, but higher borrowing costs can squeeze public spending and feed into the rates offered to households.
A powerful El Niño is developing in the tropical Pacific and could help make 2027 exceptionally hot. For Britain, the effects are indirect and far from a guaranteed forecast.
Nearly £10bn has been allocated towards more than 70,000 social and affordable homes. That does not mean 70,000 council houses appear next Tuesday, and “affordable” does not necessarily mean what most normal people think it means.
After months of heat, one storm can turn roads into rivers while reservoirs remain low. Here is why violent rain is often better at causing floods than repairing a drought.