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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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andy burnham

  • The UK’s future should be inside the EU, says Rachel Reeves

    November 1, 2026

    Rachel Reeves has argued that the UK should return to the European Union, as Brexit has made the country “poorer, weaker and less secure”. In her first major intervention since leaving the Treasury, Reeves has thrown her weight behind the prime minister’s decision to reopen the conversation surrounding the UK’s relationship with Europe. “There is [...]

  • Healey’s business rate tweaks won’t stop ‘hollowing out’ high street, business group warns

    October 30, 2026

    John Healey’s changes to high street business rates are a “sticking plaster” that will not reverse the “hollowing out” of town centres across the country, the boss of Britain’s largest business group has warned. In his maiden Budget this week, the Chancellor said he would lift the threshold at which small firms receive business rates [...]

  • Healey promises ‘reduction’ in welfare spending before election

    October 29, 2026

    John Healey has promised there will be a “reduction” in the welfare bill before the next election despite the Budget not addressing huge payments on benefits and pensions.  Healey told broadcasters on Thursday morning that the government was “ready to take some pretty tough decisions” to rein in spending although he echoed his predecessors in [...]

  • A breathing space Budget? This is asphyxiation

    October 29, 2026

    If there were treats in John Healey’s pre-Halloween Budget they were hidden in a gloopy soup of tricks. Forget the talk about a low-key, ‘do no harm’ fiscal event; the Chancellor has delivered a mess of new interventions, subsidies, tax rises, quangos and complications against a backdrop of truly terrifying economic forecasts. Let’s start with [...]

  • ‘Sigh of relief’ as Healey woos British founders with £10m tax break

    October 29, 2026

    Britain’s startup founders have welcomed a sweeping package of tax breaks in John Healey’s first Budget, but investors warned that the Chancellor’s attempt to keep the country’s most promising businesses at home will fall short without more capital to help them grow. At the centre of Wednesday’s announcement was a new Founders’ Relief, offering entrepreneurs [...]

  • Budget 2026: Healey leans on private sector for defence investment drive

    October 28, 2026

    The Chancellor has set up a new defence financing taskforce and unveiled fresh funding for investment in the arms industry amid a concerted effort to lean on the private sector to drive Britain’s rearmament push. John Healey swerved any concrete public sector defence pledges at his maiden Budget, promising to provide detail on how the [...]

  • Healey avoids bond market backlash with ‘placeholder Budget’

    October 28, 2026

    John Healey has managed to avoid punishment at the hands of the bond market through a “placeholder Budget” that delayed big decisions on defence and welfare and left questions hanging over the government’s future spending plans. The Chancellor announced a raft of cost of living measures as part of his fiscal statement, funded by taxes [...]

  • ‘Pretty bold’: Burnham jumps to defend Healey’s Budget

    October 28, 2026

    Andy Burnham has jumped to the defence of John Healey’s first Budget, claiming it was “pretty bold” and looked to “help everybody”.  The Prime Minister said on Wednesday afternoon that the Chancellor delivered on support to British households and businesses.  He told broadcasters: “It’s pretty bold to help 20m households with their energy costs through [...]

  • London to get Bakerloo Line extension and Euston upgrade in devolution push

    October 28, 2026

    London mayor Sir Sadiq Khan will be handed powers to deliver the Bakerloo Line extension and a huge upgrade to Euston station as part of the government’s push for devolution, City AM can reveal.  Under new plans to allow mayors to retain income tax receipts generated locally and exploit finance schemes to fund infrastructure, Khan [...]

  • Autumn Budget 2026: Wary Healey presents a Ming Vase Budget

    October 28, 2026

    Healey has tried to avoid breaking anything – including Labour’s poll lead – in his Ming Vase Budget, writes Julian Jessop.

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