Government cancels £1.3bn in AI funding as spending cuts bite August 2, 2024 The new Labour Government has shelved £1.3bn of “unfunded” investment for UK tech and AI projects promised by the Conservatives. The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will not be taken forward. It included £800m [...]
Half of Britain’s millionaires are considering leaving after Labour election win August 2, 2024 Nearly half of the UK's millionaires are considering leaving the country over fears the new Labour government will hike taxes and introduce unnecessary regulations, a new study has revealed.
Reeves to pave way for spending cuts with attack on ‘worst inheritance since the war’ July 28, 2024 Rachel Reeves will vow to "fix the foundations of our economy" in a much anticipated speech to Parliament in which she will also reveal the findings of the Treasury's spending audit.
Majority of Brits back idea of Labour extending £77m per year package for Team GB to have shot at Olympic Games success July 25, 2024 Two thirds of Brits back government funding being used to propel Team GB athletes to gold medals at Paris 2024. Exclusive polling shared with City A.M. shows that 67 per cent of Brits support continued state funding for athletes. That’s lower than the likes of Indonesia (91 per cent), Ireland (75 per cent) and Australia [...]
Non-doms head to Italy in search of sun, scenery, and lax taxes July 24, 2024 Changes to the tax status of non-domiciled residents of the UK – non-doms – has been the subject of much scrutiny recently. Both sides of the political divide have been pro tightening the rules, while analysts warned it will drive investment out of the UK. However, there has been a clear surge in non-doms looking [...]