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  • The Week Evening Review
    Reeves' Big Bang, 'extraordinary' Constance Marten trials, and the AI web threat

     
    TODAY'S BIG QUESTION

    Mortgage reform: is Reeves betting the house on it?

    Chancellor Rachel Reeves is to announce the biggest mortgage shake-up in a decade as part of financial regulation reforms aimed at boosting growth and supporting more first-time buyers.

    In her Mansion House speech tonight, Reeves will make permanent an insurance scheme that encourages lenders to offer potentially riskier, high-loan-to-value mortgages, implementing a key Labour pledge in last year's election campaign.

    According to the Bank of England, the reforms would mean up to 36,000 additional mortgages being given to first-time buyers over the first year, with loans of more than 4.5 times a buyer's income.

    What did the commentators say?
    While Reeves' plans "promise to bolster home ownership", regulators warn they are "in direct contrast" with banks' pledges to help borrowers manage repayments, said The Telegraph. Nikhil Rathi, chief executive of the Financial Conduct Authority, said in January that "things are going to go wrong" if regulation is relaxed, since "not everybody is going to play completely by the rulebook", risking more repossessions.

    Reeves may be wanting to revive the "go-go spirit of the 1980s" with "'Big Bang' style deregulation", but the shake-up "is doomed to fail", said Matthew Lynn in The Spectator. "The main reason why people can't afford homes is that we don't build nearly enough of them, and prices are too high." Easing lending rules will only "stoke a housing bubble". And "do we really need another 2008 financial crisis?"

    Reeves' mortgage reforms, and other announcements likely to be included in her speech this evening, are a "spin of the financial services roulette wheel", said The Independent, "largely prompted by the fact that she is running out of options".

    Her reforms feel like a return to the pre-2008 model, the result of which was that "the deregulated financial services industry took several risks too many, and the economy was plunged into crisis, taking whole banks with it".

    What next?
    Ahead of tonight's Mansion House address, Reeves unveiled other financial reforms during a visit to Leeds. These included cutting "unnecessary costs" tied to senior banker accountability rules and launching a campaign to encourage consumers to invest savings in stocks. The government will also review post-2008 ring-fencing rules that protect consumer deposits from banks' riskier activities.

     
     
    QUOTE OF THE DAY

    "Well, I think it's a great place. I have property there."

    Asked how he saw Britain's role in the world, Donald Trump tells the BBC he's got a vested interest in it. 

     
     
    THE EXPLAINER

    The 'extraordinary' trials of Constance Marten 

    When a car burst into flames just off the M61 near Bolton in January 2023, it was "impossible to predict the turbulence" and "tragedy" to follow, said Channel 4 News.

    The occupants of that vehicle – aristocrat Constance Marten and her partner Mark Gordon, a convicted rapist (pictured above) – have this week been found guilty of the gross-negligence manslaughter of their newborn baby Victoria, after "a lengthy, emotionally charged ordeal" that included a nationwide manhunt and two chaotic trials.

    How did the trials unfold?
    The court cases were "extraordinary", said the BBC's Helena Wilkinson, who reported on both trials. Twice in the dock over the death of their baby, the couple "appeared to be completely in love and still fiercely united" and "yet they had utter contempt for the court process".

    Both defendants changed their legal representation numerous times, with Gordon eventually defending himself and even cross-examining his partner. The judge accused them both of trying to "sabotage" and "manipulate" their second trial, which nearly collapsed on a number of occasions.

    Why were there two trials?
    The pair were found guilty in 2024 of concealing the birth of baby Victoria, of perverting the course of justice, and of child cruelty. But the jury couldn't come to a decision about the most serious charge, so it was only this week that a second trial concluded with the guilty of manslaughter by gross negligence verdict. Marten and Gordon are due to be sentenced in September.

    Why were the couple on the run?
    Key to the couple's defence was the claim that they went on the run to avoid Victoria being removed from them once she was born; Marten's four other children, born between 2017 and 2021, had been placed into care in January 2022, after years of legal drama in the family courts. Marten claimed the children had been "stolen by the state" and her "number one priority" was to protect Victoria.

    A key reason for the decision to place the children in care was a concern that Marten "was a victim of domestic violence at the hands of the convicted rapist and that the children were also at risk", said The Telegraph. 

    The Child Safeguarding Practice Review Panel is carrying out a review of Victoria's death, to look at how "agencies can better safeguard children in similar circumstances".

     
     

    Poll watch

    Americans are more likely to hold a dim view of swearing than their British or Australian counterparts, with 43% saying they have a negative opinion of foul language, compared with a third of Brits (33%) and Australians (34%). And, according to the YouGov poll of nearly 5,000 people, a clear majority of Brits (57%) say they swear "at least most days", compared with just under half of Australians (47%) and only four in ten Americans (39%).

     
     
    TALKING POINT

    Is AI killing the internet?

    What happens when Google does the Googling for you? Some experts believe it's the beginning of the end of the internet as we know it.

    The web is built on "a simple bargain", said BBC Future: websites allow search engines like Google to "slurp up their content, free of charge", and Google Search "sends people to websites in exchange, where they buy things and look at adverts".

    Now AI is breaking that bargain. "The nature of the internet has completely changed," Prashanth Chandrasekar, chief executive of Stack Overflow, told The Economist. "AI is basically choking off traffic to most content sites."

    'Fundamentally redefine the internet'
    This week, the AI search start-up Perplexity officially launched its own browser, Comet. Google itself has announced plans for an "AI mode" and Open AI will soon be launching Operator, an AI agent "designed to 'look' at web pages like a human, clicking, typing, and scrolling", said Gizmodo.

    If successful, these moves will "fundamentally redefine how the entire internet works". Publishers, advertisers and online retailers may find themselves and their websites completely bypassed by these AI agents. "It's like asking a librarian for a book, but they just tell you about the book instead," Gisele Navarro, managing editor of HouseFresh, told the BBC. "This feeling of the web being a big library for all of us: I think that is gone."

    'Still using search websites more'
    This isn't a huge issue right now, given the tiny amount of people currently using AI for search, said The Washington Post. A report from web analysis firm Datos and software company SparkToro "shows a huge increase in the amount of web visits to chatbot sites in the past year, but we're still using search websites many times more".

    "When everyone else is talking about it and the media's writing about it, a new technology can feel far bigger than it is," SparkToro CEO Rand Fishkin told the paper.

    It's also true that the "death of the web has been predicted before – at the hands of social networks, then smartphone apps – and not come to pass", said The Economist. "But AI may pose the biggest threat to it yet."

     
     

    Good day 🔌

    … for those looking to go green, as the cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government. The discounts will apply to eligible vehicles costing up to £37,000, with the most environmentally friendly vehicles seeing the biggest reductions. 

     
     

    Bad day ⚽

    … for Yamine Lamal, as the Spanish government called for an investigation after the F.C. Barcelona player reportedly hired people with dwarfism to perform at his 18th birthday party. The Association of People with Achondroplasia and Other Skeletal Dysplasias in Spain described hiring the entertainers as "unacceptable in the 21st century".

     
     
    picture of the day

    Nesting pretty

    Oriental white storks perch in an artificial nest at Sanhuanpao National Nature Reserve, in Fujin City, in northeast China's Heilongjiang province. The bird species is under first-class national protection in China.

    Xinhua / Shutterstock

     
     
    Puzzles

    Daily crossword

    Test your general knowledge with The Week's daily crossword, part of our puzzles section, which also includes sudoku and codewords

    Play here

     
     
    THE WEEK RECOMMENDS

    Charming ski towns to visit during peak summer

    Don't confuse a lack of snow for a lack of things to do: ski towns can be just as exciting in the summer as they are in winter.

    Breckenridge, US
    A high-altitude adventure awaits in Breckenridge. At 9,600 ft above sea level, it is one of the highest towns in Colorado and enjoys mild temperatures during summer. It stands out for its "world-class" activities, like fly fishing, rafting, mountain biking, trail running, stargazing, wildflower spotting and panning for gold at the Country Boy Mine, said Outside.

    Laax, Switzerland
    Laax is "known informally as the California of the Swiss Alps", said Glamour UK. This is a "haven" for sporty types seeking "sweeping mountain views", a "lively atmosphere" and "friendly community".

    Megève, France
    This "stunning" alpine village in southeastern France dates back to the 13th century, and you can see that history around every corner, said Vogue. The cobblestoned medieval square is surrounded by old buildings, filled with shops and restaurants, and is the heart of Megève's cultural scene, often hosting concerts and festivals.

    Whistler, Canada
    In Whistler, British Columbia, the transition from skiing to mountain biking is such a big deal that it is celebrated each May on a day known as Whismas. The biking here is "almost as legendary as the skiing", said Powder, with "every type of terrain imaginable".

     
     

    Statistic of the day

    £850m: The cost of a secret scheme to relocate thousands of Afghans to the UK after a major data breach revealed their personal details. A "serious error" by a British official in February 2022 led to leaking of the names of 19,000 Afghans who had applied to move to the UK for fear of Taliban reprisals.

     
     
    instant opinion

    Today's best commentary

    Doctors should be banned from striking – but weak Keir Starmer will cave to their demands
    Esther McVey in the Daily Express
    I've got a name for "these militant, striking junior doctors" who want a 29% pay increase, writes Tory MP and former cabinet minister Esther McVey. They're "DUDs, short for deluded ungrateful doctors". Keir Starmer and his "smug sidekick" Wes Streeting "caved in to their demands only a few months back" but now they're "back with their hands out" for more. Don't "bet against" Starmer, "the biggest dud of them all", "giving in" to them.

    Trump's biggest downfall is his need to be loved
    Emily Watkins in The i Paper
    "Donald Trump is extraordinary" but "not in the way he wants you to think he is", writes Emily Watkins. "His pathological need to be loved" is his "defining characteristic" and the "harm he has wrought around the world proof of how far he will go in search of it". The "more drastic the lengths he goes to, the more repulsive" he becomes. His "best chance of garnering affection" would be to "step down and shut up".

    Of course poets deserve a place on Britain's list of 'skilled workers' for visa applications
    Luke Wright in The Independent
    "Reform's Lee Anderson" is "apopleptic" about poets being "eligible for a UK work visa", writes poet Luke Wright. Maybe "I should be thanking" him "for this red-toothed protectionism" against "foreign poets, coming over here, taking all our line breaks". But "of course poets are skilled workers": they've "spent years honing their craft" to say what others "feel but somehow can't articulate". Poets "advocate for all of us, as much as any politician".

     
     
    word of the day

    Fibremaxxing

    A health trend for eating large amounts of fibre – especially from nuts, fruits and vegetables – to help improve your gut health. Some nutritionists caution, though, that fibremaxxing may not be as beneficial as TikTok would lead you to believe. 

     
     

    In the morning

    Hollie will be back with all the top stories in tomorrow's Morning Report, including a look at when exactly your body does the most ageing: cheery stuff.

    Thanks for reading,
    Jamie

     
     

    Evening Review was written and edited by Jamie Timson, Hollie Clemence, Sorcha Bradley, Elliott Goat, Chas Newkey-Burden, Irenie Forshaw, David Edwards and Helen Brown, with illustrations by Stephen Kelly.

    Image credits, from top: Illustration by Stephen Kelly / Getty Images; Metropolitan Police Handout / Getty Images; J Studios / Getty Images; Xinhua / Shutterstock; The Breckenridge Tourism Office / GoBreck.com.

    Morning Report and Evening Review were named Newsletter of the Year at the Publisher Newsletter Awards 2025
     

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