JEFF PRESTRIDGE: This is why savers should be very, very angry at Reeves' mad, bad plan to slash the annual cash Isa allowance
I warn you, it isn't going to be pleasant. For those who prefer cash to shares, prudence to risk taking, Labour is going to leg you over something rotten. Prepare to be angry. Very angry.
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Reuters
22 minutes ago
- Reuters
F1 drivers to get trophies made of LEGO at British GP
SILVERSTONE, England, July 6 (Reuters) - The top three Formula One drivers in Sunday's British Grand Prix will have to handle their trophies with care during the podium celebrations or risk ending up with a pile of LEGO toy bricks. The novel trophies are part of a multi-year partnership between LEGO and Formula One that has already put drivers in a fleet of 10 brick-built cars for a pre-race parade at the Miami Grand Prix, a moment that went viral. Sunday's race marked 75 years of the championship at the Silverstone circuit where it started in 1950 and the winner's gold-adorned LEGO trophy, modelled on the real RAC golden trophy, is made of 2,717 bricks. It weighs more than 2kg and is more than 59cm high. The second and third-placed trophies are white with red and blue detailing respectively, while the constructors' is dark blue and gold. "We wanted to create something very special because it's the 75th anniversary," LEGO's chief product and marketing officer Julia Goldin told Reuters. The blocks are stuck together with glue, and took seven builders 210 hours to create in Denmark. Goldin said breakages would not be the end of the world. McLaren's Lando Norris did just that in Hungary with a special porcelain trophy in 2023. "If he smashes the trophy it will fall apart into thousands of beautiful bricks," said Goldin. "And then we can rebuild it. Because that's the whole point of LEGO bricks. "You can create amazing things and then you can rebuild them. I just want the drivers to be happy and whatever they do is fine." Formula One is reaching out to a new demographic, and particularly a younger audience, with considerable success and has found partners in previously untapped areas. That includes deals with Mattel's Hot Wheels toy cars, a 2026 collaboration with Disney's Mickey & Friends and LEGO announced last year. Emily Prazer, Formula One's chief commercial officer, rejected any suggestion of the sport "dumbing down" and said the strategy was to make brands more accessible and reach out to those who may never go to a race. "LEGO puts us in nearly every shopping mall in the world," she told Reuters. "Disney helps us appeal to the next generation of fan. Hot Wheels and Mattel allow for kids to actually play with the cars at home." Goldin said LEGO also appealed to more and more adults and had products that were intriguing to people with all kinds of interests. "The same is happening with F1 and there is a real benefit of how the sport is able to engage different people with different interests and different elements of the sport," she said. "We are not just trying to turn the sport into a toy but actually trying to help the fans to experience the best."
Powys County Times
24 minutes ago
- Powys County Times
Ministers ‘pushed ahead too fast' on welfare reform, says Phillipson
Ministers 'pushed ahead too fast' and 'didn't listen enough' on welfare reform, the Education Secretary has said. Bridget Phillipson also said that future spending decisions had been made 'harder', when asked about the prospect of the two-child benefit cap being scrapped. Ms Phillipson told the BBC's Sunday With Laura Kuenssberg programme that she was 'not going to pretend that it hasn't been a tough or a challenging week' after ministers were forced to scrap their plans for the personal independence payment (Pip) in the face of a backbench revolt. 'I'd be the first to acknowledge that, both in the pace and the nature of what we set out, we didn't get it right, but we do need to reform the system we've got,' she said. Asked about the Prime Minister's authority, the Education Secretary said: 'What the Prime Minister has said, and what I also believe, is that what we set out, we pushed ahead too fast, we didn't listen enough to people, including, I would say, including to lots of people who had concerns about the nature of that change.' Ministers have warned MPs that there will be financial consequences to the decision not to reform Pip as planned. Labour backbenchers have also been pushing for the Government to scrap the two-child benefit cap. When asked if there was now less chance of the cap being scrapped given the costs that come with Tuesday's decision, Ms Phillipson told the BBC that ministers were 'looking at every lever and we'll continue to look at every lever to lift children out of poverty'. Pushed on whether the likelihood of the cap going was now slimmer, Ms Phillipson said: 'The decisions that have been taken in the last week do make decisions, future decisions harder. 'But all of that said, we will look at this collectively in terms of all of the ways that we can lift children out of poverty.' Meanwhile, shadow chancellor Sir Mel Stride had written to the budget watchdog asking whether a new updated fiscal forecast was in the works after Labour's U-turns on welfare and winter fuel. I've written to the @OBR_UK seeking urgent clarity on the multi-billion pound hole created by Labour's unfunded spending commitments. When governments lose control of the finances and transparency is sidelined, confidence in our economy is put at risk. Parliament and the public… — Mel Stride (@MelJStride) July 6, 2025 In his letter to the Office for Budget Responsibility, Sir Mel said: 'The public, Parliament and markets deserve clarity and transparency about the impact of recent events on the nation's finances and the Government's fiscal strategy.' The Conservatives will try to change the Government's welfare Bill to tighten up access to Pip and universal credit by laying a series of amendments this week.
Powys County Times
24 minutes ago
- Powys County Times
Any breakaway party should be called ‘Farage assistance group'
A breakaway party to the left of Labour should be known as the 'Farage assistance group', former Labour leader Lord Neil Kinnock has said. Lord Kinnock told Sky News's Sunday Morning With Trevor Phillips that any 'splintering' would 'only be of assistance to the enemies of Labour'. Speaking on Friday, Jeremy Corbyn said that 'discussions are ongoing' about the shape of a prospective new political party, after Zarah Sultana said she was quitting Labour to 'co-lead the founding' of a new outfit with the ex-party leader. Ms Sultana, who lost the Labour whip in the Commons last year, said the project would also include other independent MPs and campaigners. Lord Kinnock, who led Labour between 1983 and 1992, told Sky: 'I understand they're having a bit of difficulty over thinking of a name. 'In a comradely way, I'd suggest one. It would be the 'Farage assistance group'.' He said that a 'division' in the 'anti-right-wing vote can only assist the parties of the right, the Conservatives, especially now under Mrs Badenoch and under Farage, the Reform party'. 'So the splintering… offered by a new party of the left… can only be of assistance to the enemies of Labour, of the working-class – the people who have no means of sustaining themselves other than the sale of their labour by hand and by brain – and can only be of benefit to the egos of those who are running such a party,' he said. It comes as Labour are trailing Nigel Farage's Reform UK in the polls. On Friday, the Home Secretary appeared to shrug off Ms Sultana's announcement of a new party, and on Sunday, the Education Secretary said that 'some of those involved' had 'checked out' of the Labour Party some time ago. 'Now it's for them to forge their way forward,' she said. 'But what will determine the next election is whether people really see in their lives, in their families, in their communities, the difference a Labour Government has brought.'
