The long-term cost of high student debt in the UK is not just for graduates | Heather Stewart

“It is not right that people who don’t go to university are having to bear all the cost for others to do so,” Rachel Reeves remarked this week, amid the increasingly angry row about student loans.But if something is “not right” here, it’s the complex and confusing loan system, and the debt burden borne by some recent graduates of English and Welsh universities.Since the chancellor slapped a three-year freeze on the repayment threshold for Plan 2 loans at November’s budget – covering students whose courses kicked off in the decade following 2012 – longstanding frustration about the system has erupted into full-blown fury. The personal finance guru Martin Lewis told Reeves recently: “I do not think this is a moral thing for you to do.”After the threshold freeze, the latest annual report on education spending in England from the Institute for Fiscal Studies (IFS) forecast that for the 2022-23 intake, for example, “the long-run cost of issuing loans … will be negative, with graduates repaying more than they borrowed”

US, UK, EU, Australia and more to meet to discuss critical minerals alliance

Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals.The summit is being seen as a step to repair transatlantic ties fractured by a year of conflict with Donald Trump and pave the way for other alliances to help countries de-risk from China, including one centred on steel.Australia said on Friday it would establish a A$1.2bn (£610m) strategic reserve of minerals it believes are vulnerable to supply disruption from China, which last April restricted exports on rare earths in response to Trump’s “liberation day” tariffs.It is the second summit on the matter within a month and involves about 20 countries including the G7 members – the UK, US, Japan, France, Germany, Italy, and Canada – along with India and South Korea and Mexico, Australia, New Zealand and possibly Argentina

Can French Connection make FCUK fashionable again?

French Connection is back on the trail of global expansion with the aid of its cheeky initials-based slogan that made it so popular in the late 1990s.The label once known for clothes bearing FCUK is seeking to reinvent itself again under the ownership of a group of British entrepreneurs based in the north of England who rescued it in 2021.This week, the former high street darling signed a licensing agreement to develop and distribute men’s and women’s apparel and accessories across North America, which is understood to include plans to revive the FCUK branding.It is the latest chapter in a rollercoaster story of success and setback. French Connection was founded in 1972 by Stephen Marks, who named it after the film starring Gene Hackman released the previous year

Impose sanctions on refineries that buy Russian crude oil to end war, says Bill Browder

Bill Browder’s fight against Vladimir Putin has seen him face threats, lawsuits, false accusations of murder and Interpol arrest warrants. A disinformation-laden film was even made about him.But 16 years after the death of his friend and lawyer Sergei Magnitsky at the hands of Putin’s regime, Browder is unrelenting in his fight for justice. It is an endeavour that, by his estimation, has cost Putin and his cronies billions of dollars already, via asset freezes and sanctions. Hence the considerable risk to his safety

Urban Outfitters, Dreams and Royal Parks cafes criticised for use of gig economy app

The fashion retailer Urban Outfitters, the bed specialist Dreams and the operator of several Royal Parks cafes have been criticised for the use of the gig economy app Temper to take on staff – some of whom can end up earning below minimum wage.The TUC is urging the government to bring forward promised reforms to protect gig economy workers amid concerns that those hired by apps such as Temper are missing out on significant employment rights including sick pay, rest breaks, holiday pay and a minimum hourly rate.It suggested that such apps are leading to bogus self-employed roles. “We find it hard to see how roles like shop assistant can be self-employed,” the trade union body said.A year ago a number of large high street chains including Lush and Uniqlo stopped using apps such as Temper and the now defunct YoungOnes to take on freelancers, after outrage over the spread of gig economy working into the retail sector

‘Small mercies’: north London cafe evictions paused after legal challenge

A couple who run three cafes at north London beauty spots including Hampstead Heath and Queen’s Park have claimed a small victory in their battle to overturn the decision by their landlord, the City of London Corporation, to evict them.Patrick Matthews and Emma Fernandez have run the cafes at Parliament Hill Lido, Queen’s Park and Highgate Wood for several years, but were told just before Christmas they had been unsuccessful in a retendering process.The corporation, the governing body that runs London’s Square Mile, has responsibility for managing green spaces such as Hampstead Heath, which it runs as a registered charity.It awarded the lease for two of the couple’s sites as well as two other cafes to Australian-inspired chain Daisy Green, while the lease for the couple’s third site was handed to another operator. Matthews, Fernandez and the other tenants were told to vacate their premises by Monday 2 February