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Elon Musk has said he will start charging people to use the social media site formerly known as Twitter.

NBC News reports the billionaire businessman, who renamed the platform to X, revealed on a live stream that the company would introduce a “small monthly payment” to combat “vast armies of bots”.

Musk has long complained about the presence of fake accounts on the platform, and tried to use his concerns to wriggle out of his deal to buy it last year.

He did not offer further details about the new fee, such as a price or whether it would include extra features.

Sky News has contacted X for comment, though its press office is largely unresponsive.

The move would kill off what has long been one of the site’s most popular memes, where users caption shots of particularly striking posts with a near-incredulous “this website is free”.

X already offers a premium subscription costing £9.60 a month, which gives users a verification tick, lets them write longer posts and edit existing ones, and prioritises their account in search results.

Musk spoke about the plans in a conversation with Israeli Prime Minister Benjamin Netanyahu, where the Tesla and SpaceX owner sought to address criticism over his running of the platform.

Since buying Twitter for $44bn (£38bn), the self-described “free speech absolutist” has been accused of allowing disinformation, racism, misogyny, and antisemitism to thrive.

He has also reinstated previously banned accounts like those of Donald Trump and Andrew Tate.

Last month, the platform was criticised for taking several days to remove posts promoting Holocaust denial, despite being repeatedly highlighted by the Auschwitz Museum.

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‘Has your ego cost Ukrainian lives?’

Musk insists he’s against ‘hatred’

Musk, who has threatened to sue groups like the Anti Defamation League and Center for Countering Digital Hate for criticising his leadership of X, claimed he was “against attacking any group”.

Referencing his ambition to colonise Mars, he said humanity would never become “a spacefaring civilisation” if “infighting” and “hatred” were allowed to thrive.

Musk also used the live stream with Mr Netanyahu to boast that X now has 550 million “monthly users”, generating between 100 million and 200 million posts per day.

It has remained popular despite increased competition from smaller platforms like Bluesky and Mastodon, and the egregiously similar Threads app from Meta.

Much of Musk’s focus has been on monetising X’s user base, with advertiser spending having dropped due to concerns around his moderation policies.

His long-term plan is to turn it into an “everything app” that can handle things like video calls and even payments, seemingly modelled on China’s WeChat.

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Erdogan to Elon Musk: ‘Where is your wife?’

Musk’s conversation with Mr Netanyahu on Monday took place during the politician’s visit to California, which was greeted with some protests.

He has faced huge opposition in his home country over his planned overhaul of the judiciary, which critics say will destroy its system of checks and balances.

It came after Musk met with another world leader, Turkey’s President Recep Tayyip Erdogan, in New York.

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Vodafone internet services down for thousands of users

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Vodafone internet services down for thousands of users

Tens of thousands of Vodafone users are reporting problems with their internet

The outages began on Monday afternoon, according to the monitoring website DownDetector, which reported more than 130,000 issues with Vodafone connections.

A spokeswoman for the company said: “We are aware of a major issue on our network currently affecting broadband, 4G and 5G services.

“We appreciate our customers’ patience while we work to resolve this as soon as possible.”

The company has more than 18 million UK customers, with nearly 700,000 of those using Vodafone’s home broadband connection.

Vodafone users vented their frustration on social media.

“It’s like Vodafone has just been wiped off the earth. Not a single thing works,” said one X user.

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Vodafone users were shown an error message when trying to access the internet provider's app
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Vodafone users were shown an error message when trying to access the internet provider’s app

The Vodafone app also appeared to be down for users, with the company’s website briefly going down too.

The ‘network status checker’ on the website was also down, and when Sky News tried to test the customer helpline, it did not ring.

“There’s Vodafone down and then there’s Vodafone wiped off the face of the f***ing planet,” posted another X user.

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Jake Moore, global cybersecurity advisor at ESET, said the outage shows how reliant we are on modern infrastructure like mobile networks.

“Outages will always naturally raise early suspicions of a potential cyber incident, though current evidence points more towards an internal network failure than a confirmed attack,” said Mr Moore.

“The sudden outage, combined with the inability to access customer service lines, mirrors classic symptoms of a distributed denial-of-service (DDoS) attack, where attackers overwhelm the network so the site or systems collapse.

“However, malicious or not, this once again highlights our heavy reliance on digital infrastructure, especially in an age where we increasingly depend on mobile networks for everything,” he said.

“Ultimately, resilience is essential, whether the cause is a direct cyberattack, a supply chain issue or a critical internal error.”

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Lloyds estimates £1.95bn hit from motor finance scandal

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Lloyds estimates £1.95bn hit from motor finance scandal

Lloyds Banking Group has set aside a further £800m to cover estimated costs associated with the car finance mis-selling scandal.

The bank said the sum took its total provision to £1.95bn.

It had been assessing the impact since the Financial Conduct Authority (FCA) revealed last week it was consulting on a compensation scheme, with up to 14.2 million car finance agreements potentially eligible for payouts.

The regulator had previously found that many lenders failed to disclose commission paid to brokers, which could have led to customers paying more than they should have between April 2007 and November 2024.

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Eligible customers could receive an average of £700 each under the proposals.

Lloyds said on Monday that it would be contributing to the consultation to argue a number of points.

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It said: “The Group remains committed to ensuring customers receive appropriate redress where they suffered loss, however the Group does not believe that the proposed redress methodology outlined in the consultation document reflects the actual loss to the customer. Nor does it meet the objective of ensuring that consumers are compensated proportionately and reasonably where harm has been demonstrated.

“In addition, the approach to unfairness in the redress scheme does not align with the legal clarity provided by the recent Supreme Court judgment in Johnson, in which unfairness was assessed on a fact specific basis and against a non-exhaustive list of multiple factors. The Group will make representations to the FCA accordingly.”

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Shares in Lloyds, which fell last week when the bank warned of a potential “material” increase in its provisions, gained more than 0.5% on Monday.

The estimated compensation figure came in below the sum some financial analysts had predicted.

The shares remain more 50% up in the year to date.

Another listed lender exposed to car loan mis-selling is also expected to raise the amount it has set aside.

Close Brothers, which has a £165m provision currently, saw its shares tumble 7% when it admitted an increase was likely once its analysis of the compensation consultation documents was completed.

Car finance makes up approximately a quarter of its total loan book.

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Farming community responds to rumours of an inheritance tax U-turn

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Farming community responds to rumours of an inheritance tax U-turn

The budget may still be more than six weeks away, but rumours of U-turns and changes are already in full swing.

Over the last few days, there have been multiple reports that those inside Whitehall are considering tweaks to the controversial inheritance tax (IHT) reforms on farms announced this time last year.

Plans to introduce a 20% tax on estates worth more than £1m drew tens of thousands to protest in London, many fearing huge tax bills that would force small farms to sell up for good.

Now there are reports the tax threshold could be increased from £1m to £5m (£10m for a married couple) – a shift that would remove smaller farms from being liable to pay.

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From February: Farmers continue tax protest

Senior figures in farming have long believed a rise could be the solution to save the smaller farms and it would satisfy most.

However under the proposals, the 50% relief on IHT would be removed for farms above the new threshold.

That means bigger farms, responsible for producing a large amount of produce in our supermarkets, could bear the brunt of the tax burden with the Treasury potentially increasing revenues.

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Two senior farming figures told me today that while a threshold increase is welcome, it does nothing to solve an “insolvable” problem.

Read more: What’s the beef with farmers’ inheritance tax?

Big farms have more land to sell, but then they become smaller farms and either produce less, or even divide up, to avoid the tax entirely.

Richard Cornock runs a small dairy farm in south Gloucestershire, which has been in his family since 1822.

Richard Cornock plans to pass his farm on to his son
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Richard Cornock plans to pass his farm on to his son


He hopes to pass it on to his son Harry, who is now 14 and training to become a farm manager.

“I’ve been under so much stress like most farmers worrying about this tax,” he said. “And I really hope they do push the boundaries on the thresholds, because the million pounds they propose at the moment is ridiculous.

“It’s been on my mind the whole time to be honest. I even looked into getting life insurance to insure my life and I can’t get it because I had a heart condition. And that was one way I thought I might be able to cover my kids…”

We paused our chat as he was too upset to continue – an illustration of the stress farmers like him have been under over the last 12 months.

Tens of thousands from the farming community took part in protests in London. Pic: Reuters
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Tens of thousands from the farming community took part in protests in London. Pic: Reuters

The government says it won’t comment on “speculation” about any possible changes, but it has previously defended the IHT reform, saying most estates would not pay and that those who will be liable can spread payments over a decade.

Labour is under pressure to do something to appease the angry farmers, a rural vote that turned from the Conservatives at the last election.

I ask Richard whether any tweak or row back on IHT will restore faith in Labour?

“The damage has been done,” he says.

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