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      Fractile lands $220m as ministers hail ‘vote of confidence’ in UK AI

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Business

  • Hike in conduct breach reports to FCA ahead of new rules rollout

    March 23, 2026

    There has been a substantial increase in reports of conduct breaches made to the financial watchdog, with the spotlight on City behaviour amid ongoing legal proceedings regarding the disgraced financier Crispin Odey.  The Financial Conduct Authority (FCA) received 10 per cent more complaints in 2024 compared to the previous year, according to the law firm [...]

  • Lady Mayor: The City must make East End kids like me feel like they belong

    March 23, 2026

    Plenty of young people can see the City skyline from their classroom window, yet still feel like they don't belong. I want to change that.

  • Forget AI, Britain can win the quantum era

    March 23, 2026

    Britain might not have the deepest pockets anymore, but in quantum theory, small is powerful, writes Tom Adeyoola.

  • The UK founder exodus is not just about tax – it’s about tone

    March 23, 2026

    Minus tax, the UK still has the fundamentals to nurture entrepreneurs, but it's presenting itself as a wimpish place to work, writes Sean Bannister.

  • Businesses set to reclaim £1.8bn in rates appeals as tax overhaul bites

    March 23, 2026

    Businesses are expected to claw back around £1.8bn in business rates payments through appeals, according to government modelling. The figures, disclosed under the Freedom of Information Act to tax firm Ryan, suggest the Treasury expects a sizeable volume of successful challenges to new rateable values when the latest business rates lists come into force in [...]

  • Reeves faces £20bn fiscal hole as energy crisis drives up costs

    March 22, 2026

    Rachel Reeves is facing a potential £20bn shortfall in her spending plans as the Middle East energy crisis pushes up inflation, borrowing costs and pressure on public sector pay. The warning from the Institute for Fiscal Studies (IFS) comes as surging oil and gas prices begin to feed through into the wider economy, threatening to [...]

  • Iceland boss calls for profit cap on energy firms as prices surge

    March 22, 2026

    Richard Walker has urged the government to consider imposing a temporary cap on energy company profits, warning that households risk bearing the brunt of another price shock linked to the Middle East conflict. The Iceland boss, recently appointed as a Labour peer and cost of living adviser, said ministers should examine limiting earnings for producers [...]

  • Sunak urges rethink on taxing jobs as AI begins to reshape hiring

    March 22, 2026

    Rishi Sunak has called for a rethink of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh the cost of people against automation. Writing in The Times, Sunak said employers face immediate costs when hiring through national insurance contributions (NIC), while deploying AI carries no equivalent tax burden, [...]

  • Clubs like Chelsea won’t be able to hide from regulator scrutiny

    March 22, 2026

    English football is a global entertainment and cultural powerhouse, contributing more than £9bn annually to the UK economy. Matches are broadcast to hundreds of millions worldwide, with clubs operating not just as teams but as global brands.  But with that status comes increased scrutiny of how clubs are run. Under the new Independent Football Regulator [...]

  • The UK is being “dragged into” Iran war says Badenoch

    March 21, 2026

    Conservative leader Kemi Badenoch has said the UK is being “dragged into” the Iran war “whether we like it or not” after the nation fired missiles at joint UK-US base. Badenoch argued Starmer can longer “sit on the fence” after the attempted strikes on Saturday morning, before criticising him for not backing the US to [...]

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