Yoti boss warns social media ban needs tougher age-check standards June 29, 2026 The chief executive of digital identity giant Yoti has urged ministers to introduce minimum standards for age verification, warning the government’s proposed social media ban for under-16s risks falling short without clearer rules on how platforms check users’ ages. The intervention comes after Keir Starmer announced plans to block children under 16 from accessing major [...]
‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
Frank McCourt-backed Premier Jumping League raises £37m from first team sale June 29, 2026 The Premier Jumping League has raised $50m (£38m) from the first sale of a team in the new showjumping competition backed by former LA Dodgers owner Frank McCourt. The team, which will be one of 16 in the PJL when it launches next year, has been bought by US investor and racing driver Jason McCarthy. [...]
Streeting tax policies could cost the Treasury nearly £8bn June 29, 2026 Adopting Wes Streeting’s plans to hike capital gains tax could cost the Treasury billions of pounds and lead to a reduction in retail investment, new analysis suggests. Last month, Streeting, who is reportedly in the running to succeed Rachel Reeves as Chancellor should Andy Burnham enter No 10, proposed that capital gains tax (CGT) should [...]
AI data centre race reaches rural Devon as Xlinks eyes £3.6bn campus June 29, 2026 Britain’s race to build the infrastructure underpinning AI is moving beyond its traditional data centre heartlands, with Xlinks unveiling plans for a £3.6bn AI campus in north Devon as developers search for land and grid capacity. The energy developer, whose Morocco-UK power project was shelved by the government earlier this year, wants to build a [...]
‘Anti-growth’: Labour blocks City of London skyscraper plans June 29, 2026 The government has been branded “anti-growth” by the City of London Corporation after a minister blocked plans to build tall buildings near the Tower of London. In a letter to planning chiefs, the housing minister Matthew Pennycock said the authority for the Square Mile should not be able to go ahead with its skyscraper plans [...]
Is Andy Burnham a left-wing Liz Truss? June 29, 2026 Say what you like about Andy Burnham (and I intend to say a lot) but he’s not short on ambition. Armed with a single by election victory he now intends to oversee “the biggest change in our lifetime to the way Britain is run.” The PM-in-waiting had popped down to London for some selfies before [...]
Sky owner Comcast announces plan to split June 29, 2026 Comcast, the US media behemoth which owns Sky TV, has announced plans to split in two. The deal comes just as Sky is agreeing terms of a multi-billion-pound acquisition of part of ITV, which would unite the UK’s biggest pay-TV provider with the channels and streaming platform of its dominant free-to-air service. London traders looked unperturbed at [...]
‘Biggest change in our lifetime’ – Burnham vows ‘greater public control’ over utilities June 29, 2026 Andy Burnham has vowed to empower local government to take “greater public control” over energy, housing, water and transport as councils are set to be handed greater powers as part of sweeping economic and political reform. In a speech on Monday setting out his 10-year vision to raise living standards, the likely next Prime Minister [...]
How the SpaceX IPO revealed a ‘back door’ into Britain’s capital markets June 29, 2026 The UK’s public offer platform regime was rolled out as part of a package of reforms designed to get capital flowing into British companies. Now SpaceX has used it to raise funding in the biggest IPO of all time – in New York. Maisie Grice asks whether the changes are working as intended. In January, [...]