UK Economy Watch: ONS data shows GDP shrank 0.1% in April as households feel the squeeze from the US-Iran shock, adding pressure on Chancellor Rachel Reeves ahead of more growth figures. Defence Funding Fallout: Defence Secretary John Healey quit after a dispute with the Treasury over military spending, with further resignations reported as Starmer faces a widening readiness crisis. High-Street Banking: Norfolk MPs join calls for Lloyds to reverse its cheque access changes, arguing older and vulnerable customers still rely on paper payments. Scams & Consumer Protection: Stop Scams UK urges people to call the three-digit number 159 to verify suspicious texts or calls, as scam losses remain massive. Retail Investing Shock: SpaceX’s Nasdaq IPO (SPCX) opened with retail demand far outstripping allocations, leaving many UK investors likely to get little or nothing. Sanctions & Compliance: A weekly FCA/OFSI sanctions update highlights rising frozen assets and common screening failures, while guidance updates cover crypto exchange Huobi/HTX. Pensions Admin Glitch: A state pensioner in France reports missed payments after life certificate confusion, taking months to resolve.