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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

  • Rolls-Royce, Babcock shares jump on Healey’s defence borrowing plan

    October 26, 2026

    Defence stocks were handed a boost on Monday morning following reports that Chancellor John Healey was set to borrow billions to invest in the military at the forthcoming Budget. Rolls-Royce was up nearly two per cent in early trading to 1,184.40p, while Melrose was up 1.4 per cent. Both are key players in aerospace and [...]

  • Budget 2026: Will Chancellor help or hinder football finances?

    October 26, 2026

    While the Autumn Budget always prompts speculation in finance, hospitality or retail, its impact on football should not be underestimated.  Clubs are still reckoning with the impact of the previous new measures in recent Budget announcements, with even more shortly on their way. At a time when the books of England’s biggest clubs are under [...]

  • Healey’s startup adviser quits ahead of Budget over ‘sideshow’ treatment of entrepreneurs

    October 25, 2026

    The Treasury’s entrepreneurship adviser is stepping down after accusing ministers of treating Britain’s fastest-growing companies as a “sideshow” while directing taxpayer money towards traditional industries. Alex Depledge, appointed by former chancellor Rachel Reeves in June 2025, will leave the role on Thursday, a day after John Healey delivers his first Budget. “Keeping scale-ups on the [...]

  • Healey vows AI will not ‘leave workers behind’ in £600m Budget package

    October 24, 2026

    John Healey has vowed not to let AI “leave workers behind” as he unveiled more than £600m in investment ahead of next week’s Budget, amid mounting concerns over AI-driven job losses. The Treasury will commit £10m a year to studying the impact of AI on employment, alongside hundreds of millions of pounds for cyber security, [...]

  • Healey’s first Budget calls for restraint

    October 23, 2026

    With fiscal headroom under pressure, expect targeted support and modest tax rises in the Autumn Budget, leaving bigger decisions for next year, writes Philip Shaw. John Healey’s first Budget on 28 October will test how the Government reconciles its ambitions with financial reality. Although the UK economy is on course to grow this year, the [...]

  • Autumn Budget 2026: What does the bond market want from Healey?

    October 23, 2026

    John Healey is not expected to rock the boat in his maiden Budget next week. Looking at the combustible bond market, that’s probably just as well, writes Ali Lyon. John Healey is, the well-worn cliche goes, walking a tightrope. Boxed in from three directions, the Chancellor could certainly have hoped for an easier backdrop in [...]

  • AI minister hints at Budget measures as UK weighs tougher tech rules

    October 23, 2026

    AI minister Kanishka Narayan has hinted at new measures in next week’s Budget, as the government considers tougher regulation of AI alongside plans to reduce Britain’s dependence on foreign technology. Narayan said ministers must go beyond regulating AI and develop domestic technology to give Britain greater influence over how it is used. Speaking on BBC’s [...]

  • Doubts over £458m gambling tax plan emerge days before Budget

    October 23, 2026

    A week before the Budget, questions have emerged about the evidence behind a proposed £458m gambling tax rise, after internal comments revealed doubts among the campaigners that were pushing for the increase. The Betting and Gaming Council (BGC) told City AM that the comments, which appeared in a draft report by the Social Market Foundation [...]

  • How John Healey clamped down on Treasury speculation

    October 23, 2026

    Since entering Downing Street in July, John Healey has faced criticism from some business chiefs over an economic vision that seems similar to Rachel Reeves. But one aspect of running the Treasury has split Healey from his predecessor more than any other: keeping a lid on Budget rumours.  After being appointed Chancellor, City AM can [...]

  • William Hill owner blames Man City dominance for revenue drop

    October 23, 2026

    The dominance of Manchester City and Arsenal football clubs at the summit of English football has dented earnings at the owner of gambling giant William Hill. Evoke reported that third quarter revenue was between one and two percentage points lower than it might have been because of a string of what it called “particularly customer-friendly [...]

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