Crown Prosecution Service caught using AI hallucination evidence AI British courts have had to deal with yet another case of ‘AI hallucination’ evidence – this time from the agency responsible for conducting criminal prosecutions. The Crown Prosecution Service (CPS) issued two apologies to the High Court after it was found to have submitted documents in an extradition appeal citing two “non-existent” legal cases. The [...]
Financial services bankruptcies rise as MFS collapse ripples through sector Advisory The number of financial services companies entering administration spiked sharply in the first half of 2026 on the back of rising costs and the ripple effects of the collapse of mortgage provider Market Financial Solutions, according to a risk advisory firm. A total of 649 companies across sectors went under across the UK between January [...]
Would a £10bn VAT cut really save hospitality? Hospitality Calls for the government to slash VAT on hospitality firms have been backed by pub and restaurant bosses, and Prime Minister hopeful Andy Burnham. What would this tax break really mean for the economy? The UK’s pubs, hotels and restaurants say they are at breaking point. Higher business rates, hikes to national insurance and minimum [...]
Thames Water on cusp of public ownership after ‘weak’ deal June 16, 2026 Thames Water is on the cusp of being placed in temporary public ownership after the government raised concern with a proposed £10bn rescue by its lenders. It was reported last night that the environment secretary Emma Reynolds had outlined a number of concerns to the industry regulator Ofwat ahead of a final decision on the [...]
Lex Greensill banned as company director for nine years after multi-billion-pound collapse June 4, 2026 The UK Insolvency Service has confirmed that financier Lex Greensill will face a nine-year ban from serving as a company director, after he signed a legally binding disqualification undertaking to resolve long-running enforcement proceedings just days before a scheduled High Court trial. The Insolvency Service, which opened its probe into him in 2022, filed a [...]
Elite law firm to splash £370m on building own AI tool May 28, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, is investing £370m ($500m) to develop its own custom-built AI platform, challenging competitors that rely on widely used third-party AI tools. The US-based firm, which has a large office in the City, said it plans to spend hundreds of millions over the next three to [...]
‘Relentless pressures’: More hospitality firms forced to shut even before Iran war April 17, 2026 The rate of corporate collapse in hospitality surged in February in signs the sector was struggling to stay afloat even before the Iran war brought further cost pressures. The number of accommodation and food service firms declaring insolvency jumped by 22 per cent to 270 in February, according to government data. This acceleration of the crisis [...]
Anchored Launches US Tokenized Stocks to Expand Global Investor Access April 16, 2026 Anchored, the global digital operating system for real-world assets, today announced the launch of its first product, tokenized US stocks on Monad’s high-performance Layer 1 network, starting with the top 10 Nasdaq-listed equities via its Monday Trade integration. The launch is powered by Alpaca, a leading global provider of brokerage infrastructure APIs and an infrastructure [...]
Family-run construction firms pushed ‘to brink’ by inheritance tax April 1, 2026 Family-run construction firms are being pushed to the brink of insolvency by reforms to inheritance tax which undermine Labour’s housebuilding target, a trade body has warned. Plant-hire firms – which provide machinery and services to the construction sector – are almost always family run and are being forced to scale back by inheritance tax changes, [...]
Is South East Water’s £22m fine a step towards total renationalisation? March 10, 2026 The total mess that Thames Water and South East Water find themselves in – which touch on issues of environmental neglect, underinvestment in critical infrastructure, the limits of privatisation and the role of shareholders in utility companies that operate an effective monopoly – could be a harbinger of what’s to come, says Brett Israel Last [...]