A reduction in VAT from 5% to 0% will be applied to domestic electricity bills on the Isle of Man from October, the government has confirmed.

The move mirrors the measure outlined in the UK, which is expected to be in place until the end of the 2026-27 financial year.

Manx Utilities said, while the amount saved will vary depending on electricity usage during the period, removing VAT would save a typical household about £50 per year.

The Treasury said the overall reduction in VAT revenue collected as a result of the change would be between £1 million and £1.4 million, depending on consumption during the winter.

The reduction was announced in the UK on Tuesday as part of measures to ease cost-of-living pressures on households.

The Manx government said the change would be made in line the island’s reciprocal arrangements under the Customs and Excise Agreement, which sees the island maintain the same VAT rates as the United Kingdom.

As well as domestic customers, small businesses that already qualify for domestic energy VAT relief – where electricity consumption is below an average of 1,000 kWh per month – and are not VAT registered will also benefit.

Eligible charities and residential care homes will also qualify for the reduction.

The partnership is amining to develop a low-cost way to protect British ships, ports and critical maritime infrastructure against mass drone attacks

Babcock has signed a Memorandum of Understanding with a Plymouth-based tech company to explore the use of low-cost missiles on uncrewed boats.

The defence giant will work with ACUA Ocean Technologies to develop “capabilities” that will allow the UK to counter the threat of “mass drone attacks”, it said. Babcock will also partner with Estonia-based Frankenburg Technologies on the project.

It is understood the parties will bring together three elements: Babcock’s multi-domain launcher system; Frankenburg’s low-cost missile systems; and uncrewed boats built by ACUA.

Last month, ACUA’s vessel – the PIONEER USV – operated continuously for 16–20 nautical miles offshore, completing more than 100 hours at sea without any hands-on intervention.

Meanwhile, Babcock’s launcher system, which can be built and scaled quickly, can be fitted onto both crewed and uncrewed surface vessels.

“As threats from low-cost UAS continue to evolve, the need for effective and adaptable counter-drone capabilities has become increasingly important across the defence and security landscape,” Babcock said in a statement

“This new agreement will create integrated solutions to combat that threat.”

The MoU was signed at Farnborough Air Show this week.

Neil Tinmouth, chief executive of ACUA Ocean Technologies, said: “Partnering with Babcock and Frankenburg enables true persistent, multi-domain defence capabilities.

“To counter mass drone attacks, maritime air defence must be uninterrupted, yet rough weather often forces traditional systems out of limits.

“The unique stability of ACUA’s Pioneer-class, which we’ll be using for this collaboration, ensures these counter UAS and interchangeable payloads remain online and fully operational in high seas where other platforms fail.”

Babcock said the partnership builds on a MoU it signed with Frankenburg in January to explore new air defence systems that can withstand the rapid rise in one-way attack drones.

Sir Nick Hine, chief growth officer for Babcock, said: “We’re excited to partner with innovative companies to develop an integrated approach that directly addresses some of the biggest challenges our customers face in today’s defence landscape.

“As a trusted systems integrator, collaborations like this will help protect critical national assets and infrastructure from attritable one-way attack drones.”

Daniel Hallett, managing director UK at Frankenburg Technologies, added: “Affordable missile defence is heading farther out to sea.

“By equipping ACUA’s uncrewed vessels with Frankenburg’s mass-manufacturable missiles and Babcock’s launcher technology, we aim to create a persistent and low-cost way to protect the UK’s ships, ports and critical maritime infrastructure against mass drone attacks.”

Millionaires including former footballer Gary Lineker and music producer Brian Eno have written to new prime minister Andy Burnham asking to be taxed more.

In an open letter, 120 well-off Britons told Burnham: “We can afford it. We’re not talking about higher taxes on those who get up and go to work for their income every day, but on the very richest whose income is derived from the wealth they hold.”

Organised by Patriotic Millionaires, the letter said it would lead to a more equal society, and urged a “devolution of wealth and power from the very richest”.

People can already give money or stocks voluntarily to the Treasury using its donation facility.

Conservative leader Kemi Badenoch said Lineker is “very welcome to pay more tax he can write a cheque to the treasury, no one is stopping him.”

The group supports a 2% tax on wealth over £10m.

“Millionaires are a patriotic bunch,” the letter states. “We love this country and we want it to succeed.

“But success requires investment and a primary source of untouched capital investment is sitting with us, in untaxed potential.”

Other signatories include Richard Curtis, director of Notting Hill and Love Actually and Ian Gregg, the former managing director of Greggs and son of the bakery chain’s founder.

The renewed call for higher tax on the wealthy follows a similar campaigns in previous years.

Burnham did not rule out a wealth tax when asked about it by Lineker a few days before he became prime minister.

He suggested he may have “to ask for a little more” tax at some point.

The latest call from Patriotic Millionaires said there is a “need to embrace a new kind of devolution of wealth and power, from the very richest in order to reinvest back into our greatest asset in every region”.

It added that in its own poll, the majority of millionaires wanted a higher tax on themselves.

“There are a few people left with outdated economic thinking and few others desperate to hold onto every penny they can… Those that can’t see past the end of their own self interest have no place in designing a Britain for the future,” the letter said.

When most people choose a career, they stay in one lane. Jonathan Pinkston took a different path.

Over the past two decades, he has worked across holistic medicine, real estate, hospitality, conservation, and emerging technology. At first glance, those fields seem unrelated. Pinkston sees them as parts of the same system. His work is driven by one idea: solving problems by looking at the bigger picture instead of focusing on one piece at a time.

“My work spans what most people keep separate: future tech and medicine,” Pinkston says. “The tools we build should make us more whole, not less.”

That mindset has shaped his career. It has also influenced the way he approaches business, leadership, and long-term planning.

Who Is Jonathan Pinkston?

Jonathan Pinkston is an entrepreneur based in Santa Rosa, California. He grew up in Sonoma County and developed an interest in both science and nature at an early age.

He attended Sonoma State University before earning a Master of Science in Oriental Medicine (MSOM) from the Acupuncture and Integrative Medicine College (AIMC) in Berkeley. He later completed a Doctor of Acupuncture and Oriental Medicine (DAOM) at Five Branches University.

His formal education was only part of the journey. Pinkston also spent about 15 years studying Ayurvedic, Functional, and Chinese medicine outside traditional degree programs.

“I help people heal by treating the whole system rather than the symptom,” he says.

That systems-based thinking would later influence every business he became involved with.

Building a Career Across Several Industries

Pinkston began working in real estate in 2008 while also developing his healthcare career. Since 2010, he has practiced as a holistic medical practitioner.

Instead of viewing business opportunities as separate careers, he approached them as connected projects.

His work expanded into hospitality and wellness through Soft Medicine Sanctuary and community-focused projects such as The HUB Sebastopol. Along the way, he also became involved in conservation work through a nonprofit land trust beginning in 2020 and volunteered in Sonoma County civic initiatives between 2022 and 2025.

More recently, Pinkston has started working as an Agentic AI developer.

Rather than seeing artificial intelligence as replacing human expertise, he believes technology should strengthen it.

“The thread through all of it is a simple belief,” he says. “The tools we build should make us more whole, not less.”

Why Systems Thinking Shapes Jonathan Pinkston’s Leadership

Many business leaders focus on immediate results. Pinkston prefers to think decades ahead.

“I look at a 50-year term and set goals that work now and in the future,” he says.

That long-term view affects how he evaluates projects. Success is measured by more than revenue or growth.

“The total impact on the environment, society and culture of the people involved matters,” he says. “Long-term systemic change is what matters versus just internal metrics of growth and commerce.”

This approach has influenced projects ranging from healthcare to community spaces and emerging technology.

Lessons Learned From Collaboration

Pinkston says one of the biggest lessons in his career has come from working with people.

He believes successful teams require shared purpose more than individual ambition.

“People’s egos get in the way of real success for the collective versus individuals,” he says. “You have to weed these people out and find collaborators that truly are selfless and work for the benefit of everyone.”

He says learning that lesson early changed how he builds partnerships.

“Two or three selfish people can foil a perfect plan if left to their own devices.”

Those experiences helped shape his leadership style, especially while managing projects that brought together people from different backgrounds.

Overcoming Setbacks and Staying Focused

Like many entrepreneurs, Pinkston says his career has included setbacks alongside successes.

“I’ve been canceled, blamed and told that what I’m doing is invalid,” he says. “Every time I get told something wont work, from someone, I find many more people who believe its possible.”

Rather than allowing criticism to define his direction, he says he learned to focus on the work itself.

“Life is not defined by the people who told you it wouldn’t work, but by the things you accomplished despite the pushbacks.”

He believes resilience comes from maintaining perspective instead of reacting to every obstacle.

Travel, Nature, and Continuous Learning

Outside work, Pinkston’s interests have continued to shape his professional outlook.

He has traveled extensively, with a goal of visiting 80 countries before age 35. He is also a professional musician, writer, restaurateur, and longtime advocate for nature conservation.

He credits quiet reflection as an important part of making decisions.

“Take space and get quiet and listen,” he says. “Have fun and keep things light.”

He also believes regular rest creates better ideas.

“Take space for rest and reflection.  Doing is not everything.”

Looking Toward the Future

Pinkston sees healthcare and artificial intelligence becoming increasingly connected over the coming decades. His interest lies in creating systems that combine technology with a whole-person view of health rather than treating those fields as competitors.

At the same time, he continues to explore entrepreneurship through medicine, technology, real estate, and community-focused projects.

“If you are happy with what you do,” he says, “everything flows from there.”

Looking back, Jonathan Pinkston’s career shows a consistent pattern. Whether studying medicine, developing businesses, working in real estate, supporting conservation efforts, or exploring AI, he has repeatedly returned to the same principle: understand the whole system first. That philosophy has become the common thread connecting a career built across multiple industries rather than confined to just one.

LeBron James’ decision on where he will play his 24th NBA season remains the story dominating the league’s offseason, with reports suggesting an announcement could come within days even as speculation about his eventual landing spot, and the trades that could follow it, continues to shift by the hour.

James became a free agent after announcing his departure from the Los Angeles Lakers in late June, ending an eight-season run that marked his longest uninterrupted stretch with any single franchise. He is currently fielding interest from multiple teams, according to multiple reports, but has shown no urgency to finalize his choice, extending a process that has effectively frozen much of the rest of the league’s offseason activity.

Where things stand

According to ESPN’s Dave McMenamin, James was described as “truly close” to making a decision as of July 17. More recent reporting has suggested the wait may finally be nearing its end, with at least one outlet indicating James could announce his choice as soon as Monday or Tuesday of next week.

James’ agent, Rich Paul, has continued to caution against expecting a rushed timeline. Paul has previously shared a list of teams he described as “realistic” options for James, including the Golden State Warriors, Dallas Mavericks, Boston Celtics, Philadelphia 76ers, Cleveland Cavaliers, Miami Heat, Minnesota Timberwolves, Denver Nuggets and San Antonio Spurs. Since then, that list has narrowed considerably in most reporting, with the Cavaliers, Warriors, 76ers, Heat and Timberwolves most frequently cited as the group of teams still actively in the mix.

A split among league executives

Opinions around the league remain divided on where James is ultimately likely to land. According to Front Office Sports’ Alex Schiffer, several Western Conference executives expect James to choose the Warriors over Cleveland, even as the Cavaliers, Heat and 76ers have reportedly been viewed by some as holding a slight edge in the race. Schiffer also reported that teams currently in the mix for James have discussed the possibility of trading for his son, Bronny James, should the elder James ultimately sign with their organization.

The Anthony Davis wrinkle

Much of the speculation tying James to Golden State has centered on the idea that the Warriors’ path to signing him might require first acquiring Los Angeles Lakers forward Anthony Davis, a scenario that has looked somewhat less likely following recent developments involving the Washington Wizards. According to HoopsHype’s Michael Scotto, Washington plans to pursue extension talks with the 33-year-old, 10-time All-Star Davis once he becomes extension-eligible on Aug. 6, a step that could complicate any trade involving him if an agreement is reached before James finalizes his decision.

Separately, the Nuggets emerged as a late addition to the list of teams pursuing James, according to the Denver Post’s Bennett Durando, amid uncertainty surrounding star center Nikola Jokic’s future and a complicated salary cap outlook in Denver. James has previously described Nuggets president Josh Kroenke as a “very dear friend,” a relationship dating back to 2018, when Kroenke mailed James a throwback Nuggets jersey shortly before he ultimately signed with the Lakers instead.

A ripple effect across the league

James’ extended free agency has effectively placed much of the rest of the NBA’s offseason movement on hold, with reporters and team executives describing the broader trade and free agency market as waiting for his decision before the next wave of moves can take shape. Once James does sign, analysts expect a chain reaction of subsequent trades and roster moves across the league, particularly in the Eastern Conference, where several contenders have already reshaped their rosters in anticipation of James potentially joining one of them.

Golden State forward Moses Moody acknowledged the uncertainty hanging over his own situation, saying he remains “curious” about what could happen to him on the trade market if James signs with the Warriors, given his own emerging role on the roster. Beyond Golden State, potential trade candidates whose futures could be affected by James’ decision include Brooklyn’s Michael Porter Jr., who is seeking a contract extension the team may be unwilling to match, and Charlotte’s Grant Williams, whose expiring contract has drawn trade interest of its own.

Constant pitches from around the league

James’ decision has also generated a steady stream of public and private outreach from teams hoping to secure his commitment. Philadelphia 76ers owner Josh Harris reportedly held a brief private conversation with James, a development that itself became a notable data point in the ongoing coverage of his decision. Multiple players and coaches from teams in contention, and even some not seriously considered to be in the running, have publicly made their case for James to join their roster in recent weeks.

With training camps still roughly seven weeks away and no other major sporting events remaining on the calendar until the NFL season begins, attention within the league has increasingly narrowed entirely onto James’ pending decision. Once he does make his choice, likely in the coming days according to recent reporting, the deals and roster moves that follow are expected to reshape multiple franchises simultaneously, particularly among the handful of teams that have spent much of the summer positioning themselves as legitimate contenders for his services.

For now, the NBA’s offseason largely remains paused in anticipation, with front offices, rival players and fans alike continuing to watch for the moment James finally ends one of the most closely tracked free agency sagas in recent league history.