Thames Water creditors secure former Labour minister to drive rescue deal

Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead

The group of Thames Water creditors pursuing a £10bn rescue deal for Britain’s largest water supplier has lined up a former senior Labour minister to chair the company, as it tries to win over the government.

The creditor consortium, called London & Valley Water, said on Tuesday that Lord John Hutton had been selected as independent chair designate of the Thames Water board, if the consortium’s takeover of the utility goes ahead.

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Badenoch says Tories would prioritise cutting taxes for businesses over individuals – UK politics live

Conservative leader also called for benefit spending to be cut to fund rise in defence budget

Badenoch says Britain needs tax cuts.

We need to get out of the way of job creators who make our country richer. We need to encourage risk taking, wealth creation, enterprise.

Britain’s tax burden has never been higher. You are taxed on the heating in your home. You’re taxed at the petrol pump filling up your car. You’re taxed when you insure that car. You’re taxed if you take the family away on holiday. You’re taxed if you stay in the UK thanks to Andy Burnham’s tourist tax. You’re taxed to buy a home, taxed to live in a home, taxed to pass on your home. This is clearly not working. Britain does not feel better off.

Andy Burnham wrote in The Times yesterday about the moral outrage of the current benefit system. But as far as I could work out, his answer is to spend even more on benefits.

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Federal efforts over alleged noncitizen voting escalate with California arrests | First Thing

The DoJ has charged 28 green card holders in California, accusing them of fraudulently registering to vote. Plus, is the world really ready for AI actors?

Good morning. The US Department of Justice has charged 28 green card holders in California, accusing them of fraudulently registering to vote and casting illegal ballots. The arrests – 11 people are in custody – mark the latest escalation in federal efforts against alleged noncitizen voting.

The crackdown comes days after the DOJ sued California to block the state from tabulating certain ballots in November’s midterms. California’s secretary of state, Shirley Weber, called the demands “outrageous”, pointing out that federal officials have spent months making “vague and unsubstantiated allegations”. Democrats and voting rights groups say the administration is laying the groundwork to sow doubt over November’s election results.

How are Congress members being targeted before the midterms? More than three dozen members of US Congress have had their offices targeted with envelopes containing white powder, less than three weeks before the election, as federal agents try to identify who is behind the campaign.

What has Donald Trump said about the French protests? At a rally in Kansas Trump described France as a once-great nation that had been “conquered, looted, and burned to the ground by migrants, jihadists, and communists”. Earlier in the day, Trump repeated his baseless claim that migrants had “taken over” France, and also claimed that “Paris is going to be a Muslim city very soon”. Muslims make up 10-15% of the population of the capital.

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Billionaire Mukesh Ambani launches India’s biggest-ever IPO

Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday

India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.

Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupeesvaluation when it floats on the stock market from Wednesday.

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