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Welcome to your early early morning information briefing from The Telegraph – a spherical-up of the top stories we are covering currently. To acquire twice-each day briefings by email, indication up to our Front Page newsletter for cost-free.

1. Penny Mordaunt seizes the momentum right after initial Tory management ballot

Penny Mordaunt has surged into a key place in the Tory management race, just several hours after formally launching her bid.

The trade minister and previous defence secretary came second in the initial ballot, with 67 votes from Tory MPs – pushing Liz Truss into 3rd, with 50 votes. Rishi Sunak was top rated, with 88 votes. Read through the full tale.

2. United kingdom weather: Only use h2o for ‘essential purposes’, homes advised

Only use h2o for “essential purposes”, homes have been instructed, as the heatwave puts strain on emergency companies.

Drinking water providers stated they were battling to process and pump out drinking water quickly more than enough to meet document degrees of demand as Britain braced for an additional week of sizzling weather conditions. Read the total story.

3. Future primary minister will be ready to reduce taxes without the need of stoking inflation, states OBR

The following prime minister will have space to slice taxes without having stoking inflation, Britain’s fiscal watchdog has explained, in a increase for Tory management candidates who have pledged to cut down the load on non-public sector.

Tax cuts are considerably less probable to generate costs bigger simply because an financial slowdown seems to be getting hold, according to David Miles, a member of the Funds Obligation Committee and a previous Lender of England fascination rate setter. Go through the whole story.

4. Netflix strikes deal with Microsoft to introduce advertising breaks

Netflix has secured a deal with Microsoft to introduce advertising breaks for its streaming provider as it scrambles to offset a drop in subscribers by supplying a less expensive provider for customers.

The streaming large has picked out Microsoft to be its world-wide technological know-how and income spouse and will supply advertisements by way of its platform, its main operating officer Greg Peters explained on Wednesday. Study the comprehensive tale.

5. Joe Biden: I will use drive to halt Iran having a nuclear weapon

Joe Biden reported he would use armed service power against Iran to halt its regime getting nuclear weapons on the opening day of his to start with excursion to the Middle East as US president.

He turned down Tehran’s desire that its Islamic Groundbreaking Guard Corps (IRGC) be taken off Washington’s listing of international terrorist organisations – even if it killed his hoped for a nuclear offer with Iran. Go through the whole story.

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