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  • WeekDay AM: 10 Things you need to know this morning
    Inheritance tax review, wildfires, and why China is using drones to fight a new virus

     
    today's budget story

    Treasury eyes inheritance tax overhaul

    What happened
    The government is weighing up a limit on how much can be given away tax free before death as part of a wider review of inheritance tax (IHT). The proposal would cap the total value of lifetime gifts and could be paired with adjustments to the current taper relief, which reduces the tax rate on gifts made three to seven years before death. Chancellor Rachel Reeves is also considering changes to capital gains tax (CGT), potentially raising rates but offering incentives for investment in UK businesses. The review comes as the Treasury searches for tens of billions of pounds of revenue ahead of the Autumn Budget, with forecasts pointing to a shortfall exceeding £40 billion.

    Who said what
    Mel Stride, the Conservative shadow chancellor, warned: "Those who have worked hard, saved and want to pass something on to their loved ones shouldn’t be punished by yet more taxes from Labour." 

    This Labour government "appears to be waging a war on capital and its owners", said Neil Record in The Telegraph. When this is "combined with a ravenous appetite for money, it is turning into a toxic cocktail". But the "truth universally acknowledged (if not publicly by the government) is that taxes must rise", countered Polly Toynbee in The Guardian. "So go for radicalism; the country needs it – for defence, health, old age, decayed infrastructure and green power."

    What next?
    No final decisions have been taken, but the government has not ruled out tax rises later this year. Any changes to IHT or CGT are expected to be detailed in the Budget as Reeves seeks to meet her fiscal rules while honouring Labour's pledge not to raise taxes on "working people".

     
     
    today's climate story

    Blazes rage in Europe amid unrelenting heat

    What happened
    A severe heatwave is driving dozens of wildfires across southern Europe, forcing thousands from their homes as temperatures exceed 40C. Red heat alerts are in place across Italy, France, Spain, Portugal and the Balkans. Spain's Aemet warned that highs could reach 44C in Seville, Cordoba and southern Portugal.

    Who said what
    Spanish Prime Minister Pedro Sánchez has urged "extreme caution" as rescue services battled the blazes. France's Health Minister Catherine Vautrin said hospitals were preparing for the country's second heatwave in weeks.

    The extreme heat in Europe "fits the global pattern", said Rich Booth in The Independent, but the continent is "heating far faster than the rest of the world". Europe is now "the world's fastest-warming continent", agreed CNN, and record heat and drought have "helped fuel this summer's fires".

    What next?
    Wildfires are also hitting Greece, Turkey, Montenegro, Albania and Croatia, prompting mass evacuations. Morocco sent planes to Portugal after local water bombers broke down. Italy has recorded two child heatstroke deaths. And the UK is facing its fourth heatwave of the year, with temperatures reaching 33C.

     
     
    Today's health story

    Does prostate cancer get too much medical intervention?

    What happened
    The NHS may be overtreating men for prostate cancer, a leading charity has claimed, blaming outdated clinical guidelines. About a quarter of cases are so slow growing that men can avoid radiotherapy and surgery (and the associated side-effects), instead opting for regular monitoring. Of the 56,000 men diagnosed in the UK every year, about 6,500 choose this – but another 5,000 are getting treatment they don't need, according to Prostate Cancer UK.

    Who said what
    To "build the foundations for a screening programme we need to both save lives and prevent unnecessary treatment", said Amy Rylance of Prostate Cancer UK. Many hospitals have started offering monitoring to this wider group of patients, but a quarter have not, said the charity.

    "Some of this could be down to patient choice," said the BBC. Patients are "generally given the option of treatment even if they are at low risk".

    What next?
    The National Institute for Health and Care Excellence said it was reviewing its prostate cancer guidelines so as to update them to "reflect the best available evidence".

     
     

    It's not all bad

    Charcoal made from human waste could supply a significant share of global fertiliser needs while cutting pollution, researchers say. A study found that biochar from treated excrement could provide up to 15% of annual phosphorus needs, 17% of nitrogen and 25% of potassium when combined with nutrients from urine. The process also reduces waste volume by 90%, avoids contaminants in sewage sludge and can be tailored to crop needs, supporting a more sustainable, circular farming system.

     
     
    under the radar

    How China is battling the chikungunya virus 

    Killer fish, "cannibal" mosquitoes and drones are just three of the tactics that China is using to fight a new virus.

    After thousands of cases of the debilitating chikungunya infection were found across the southern Guangdong province, public health officials have been creative in their efforts to contain it.

    China employed hardline tactics during the Covid-19 pandemic and this time the authorities are using similar "patriotic public health" measures like mass testing, mandatory quarantines, widespread surveillance and citywide lockdowns. But they are also employing more novel methods.

    The virus is transmitted by infected mosquitoes, so China is using giant "compulsive killers" known as elephant mosquitoes, whose larvae "devour" the Aedes mosquito, which passes chikungunya to people, said The Telegraph.

    Mosquitoes aren’t the only creatures being used. Researchers at Sun Yat-sen University in Guangdong have "deployed 5,000 larvae-eating fish, which consume the larvae that hatch in the city's lakes".

    Insecticide is also being widely used and Chinese state television has shown masked soldiers spraying it "around city streets, residential areas, construction sites" and other areas, said The Associated Press. Meanwhile, community workers in red vests are going "door to door" to inspect homes, said The New York Times.

    Another 1,387 cases of the chikungunya virus were confirmed in China last week, said the Daily Mail. This took the tally to more than 10,000 overall, with infections also reported in Taiwan and Hong Kong, Europe and the US. But last week's figure was down on the previous seven-day tally of 2,892 cases, a sign that the outbreak could be slowing.

     
     
    on this day

    13 August 1521

    Spanish conquistadors under Hernán Cortés captured the Aztec Emperor Cuauhtémoc in Tenochtitlan, marking the end of the Aztec Empire. A study published in May this year revealed new information regarding the complex obsidian trade networks of the Aztecs.

     
     
    Today's newspapers

    'It's not our fault!'

    Channel boat migrants are "arriving at record speed", says The Times, after the total under Keir Starmer passed the 50,000 mark. "It's not our fault!" says the Daily Mail, reporting on comments from Baroness Smith of Malvern, a former Labour home secretary, who said of the crisis that "what is happening is the result of the last government". Meanwhile, Volodymyr Zelenskyy said Kyiv couldn’t agree to give up more territory in exchange for a ceasefire because Moscow would use what it gained as a "springboard to start a future war" says The Guardian. 

    See the newspaper front pages

     
     
    tall tale

    Theft of liquid assets

    Police in Germany have opened a criminal investigation into a woman who is suspected of stealing €0.15 worth of rainwater from her neighbour. Perhaps not doing much for national stereotypes, the police force in Konstanz claimed that even though the value of the 40 litres of stolen water was negligible, it was the principle that mattered. "Taking another person's property fulfils the criteria for the offence of theft," it said. "Once it is in the barrel, (the water) no longer belongs to the heavens, but to the (barrel's) owner. The woman must now be held answerable for the theft of low-value items."

     
     

    Morning Report was written and edited by Arion McNicoll, Jamie Timson, Harriet Marsden, Ross Couzens and Chas Newkey-Burden, with illustrations by Julia Wytrazek.

    Image credits, from top: Carl Court / Getty Images; Miguel Riopa / AFP / Getty Images; Skynesher / Getty Images; Illustration by Julia Wytrazek / Getty Images.

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

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