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      Bailey warns AI may not ‘live up’ to market hype

      Andrew Bailey, Governor of the Bank of England, in a suit and tie, looking thoughtful during a press conference.

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      After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom

      Nvidia CEO Jensen Huang, a man with gray hair and glasses, wearing a black leather jacket, looking upwards.

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Politics

  • ‘It’s important we increase spending’: Treasury minister defends triple lock pension

    May 27, 2026

    A Treasury minister has defended the triple lock pension as a sustainable policy despite former Prime Minister Sir Tony Blair attacking the benefit for being unaffordable.  Dan Tomlinson said it was “important we have the triple lock and that we increase spending on pensioners”, doubling down on the controversial manifesto commitment that has been criticised [...]

  • Tony Blair accuses Starmer of damaging economy by clinging to manifesto pledges

    May 27, 2026

    Sir Tony Blair has taken a swipe at Sir Keir Starmer for sticking to campaign pledges from Labour’s 2024 manifesto, which he says are economically damaging and should have been dropped “right at the outset.” In a 5,000-word essay published by his think tank, Labour’s longest serving PM pointed out that Budgets put forward by [...]

  • Wes Streeting’s capital gains tax plan risks ‘disrupting’ growth

    May 26, 2026

    Wes Streeting’s plans to align capital gains taxes while introducing an investment allowance could be “disruptive” for growth as City advisers have become divided over the benefits of sweeping reforms.  Streeting told the BBC last week that he backed a plan, first proposed by the Centre for the Analysis of Taxation (Centax) and later adopted [...]

  • Starmer confirms teen rape case sent to Court of Appeal after public outcry

    May 26, 2026

    The Attorney General has sent a rape case, which saw two teenage boys spared jail, to the Court of Appeal following a political backlash over the weekend against the judge’s ruling. Two teenage boys raped two girls in separate attacks in Fordingbridge, Hampshire, in 2024 and 2025. The third boy, who aided and abetted the [...]

  • London makes up more than a third of UK corporation tax receipts

    May 26, 2026

    London accounts for more than a third of total corporation tax receipts across the UK, new data analysed by City AM has shown.  Data shared by the Office for National Statistics (ONS) has shown that London makes up around 36 per cent of total corporation tax income generated each year, highlighting the capital city’s dominance [...]

  • David Lammy rejects higher pay rise for judges amid recruitment crisis

    May 26, 2026

    David Lammy turned down an independent recommendation for a higher judicial pay increase, instead approving a 3.5 per cent rise amid government efforts to tackle recruitment challenges for senior judges. The Senior Salaries Review Body (SSRB) report, published last week, recommended a 3.8 per cent pay increase across the judiciary, estimated to cost taxpayers around [...]

  • Labour has become the party of welfare, not work

    May 26, 2026

    A generous interpretation of events would be to concede that Labour has avoided any attempt at welfare reform because it’s been waiting for the conclusions of Alan Milburn’s review into the crisis of youth unemployment. Milburn, who served as health secretary under Tony Blair, will publish the first part of his government-commissioned report this week, [...]

  • Labour has not delivered on planning reform, manufacturers say

    May 26, 2026

    UK manufacturers have hit out at the country’s archaic planning system, claiming the Labour government has not delivered on stated aims to back builders over blockers. A new report from industry body Make UK found that almost half of manufacturers (46 per cent) believe the current planning system is still hampering the UK’s economic potential, [...]

  • Palantir ‘should challenge Sadiq Khan in court’ over blocked Met Police contract

    May 25, 2026

    American tech firm Palantir should challenge Sadiq Khan in court after the London mayor blocked a £50m contract with the Metropolitan Police, former government legal officer Sir Michael Ellis has said.   Sir Michael Ellis KC, a former Tory attorney general under Liz Truss, said Khan’s decision is “an extraordinary intervention, which may be susceptible to [...]

  • Trump on Iran: ‘Either a great deal or no deal’ as oil price reacts

    May 25, 2026

    The prospect of a lasting peace deal between the US and Iran pushed the global oil price lower on Monday even as secretary of state Marco Rubio’s warned that a deal was far from done, putting a dampener on traders’ hopes. Brent Crude fell by over five per cent on Monday, taking the world’s main [...]

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