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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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John Healey

  • Healey to ‘increase minimum wage by 3.9 per cent’

    October 26, 2026

    Chancellor John Healey will reportedly hike the minimum wage by nearly four per cent at the Budget, setting the floor for wages for all over 21-year-olds at £13.20 for the next year. Healey is expected to deliver a huge pay increase of 3.9 per cent to low-wage workers on Wednesday, according to The Times.  However, [...]

  • Farage: ‘Loathsome’ banks should not be hit with new tax

    October 26, 2026

    Nigel Farage has said that banks should not be hit with new taxes at this week’s Budget in a partial U-turn on his previous position.  Earlier this year, the Reform UK leader vowed to scrap interest payments lenders receive on deposits at the Bank of England, a move that would be widely regarded as a [...]

  • Financial advisers feel the effects of Reeves’ final tax raid as Healey’s Budget looms

    October 26, 2026

    Financial advisers are feeling the effects of Rachel Reeves’ final Budget, as families brace for billions of pounds of tax rises regardless of what chancellor John Healey announces at the despatch box later this week. From April next year, the sweeping shake up to the tax system announced by Reeves in 2025 will come into [...]

  • Tech bosses warn Chancellor UK risks surrendering to foreign AI giants

    October 26, 2026

    Britain risks becoming dangerously dependent on foreign tech giants unless the government develops a comprehensive strategy for its own AI, industry leaders have warned the Chancellor ahead of his Budget on Wednesday. UKAI, which represents more than 270 AI businesses, has urged John Healey to commit substantial funding to a national sovereign AI strategy, warning [...]

  • Sadiq Khan urges banks to stay in London as tax raid looms

    October 26, 2026

    Sadiq Khan has urged London’s biggest banks to keep investing in the UK, days away from an expected tax raid on the sector. On Monday, the Mayor of London said the City’s banking sector is “really important” but refused to say whether he opposed the tax raid, adding that “those with broader shoulders carry the [...]

  • Healey’s state pension shield could create ‘messy £200m cliff edge’

    October 26, 2026

    The Treasury’s plans to shield low-income pensioners from income tax could lead to a “messy” cliff edge and a ballooning bill for future governments, a former pensions minister has warned. Chancellor John Healey will use his maiden Autumn Budget this week to protect nearly one million retirees who are dependent on the state guarantee by [...]

  • Andy Burnham doesn’t listen to anyone but himself

    October 26, 2026

    Burnham strives to appear inclusive but he ignores the voice of industry and defence. Signs are emerging that this is a government which doesn’t listen at all, says Eliot Wilson This week will see Chancellor John Healey deliver his Budget. At 66, he will be the oldest Chancellor of the Exchequer to present a first [...]

  • Healey must beware the ripple effects of Britain’s messy tax system

    October 26, 2026

    A good tax system isn’t just about raising revenue, it's about encouraging the behaviours (working, saving, investing) that create a prosperous economy.

  • Autumn Budget 2026: bank tax will put the City’s success at risk

    October 26, 2026

    It is 40 years since the Big Bang unleashed London to become the global financial centre that it is, but by hammering the sector with windfall taxes, John Healey risks putting that success at risk, says Chris Hayward Nigel Lawson’s Big Bang took London from a globally competitive financial and professional services sector to what [...]

  • The major Budget questions facing John Healey in four charts 

    October 26, 2026

    John Healey faces several tests in delivering a Budget that keeps the UK economy on course to grow. Mauricio Alencar looks at the questions he will have to answer at the despatch box. Investors are heading into the upcoming Budget with a lot of unknowns. John Healey faces a test in balancing expectations between different [...]

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