‘Phenomenal waste of time’: Burnham slammed over plans to dismantle tech department Tech Andy Burnham faced immediate questions over his decision to abolish the tech department on Tuesday, as peers warned the move risked disrupting Britain’s AI strategy. Ministers were hauled before the House of Lords less than a day after the machinery of government changes to the Department of Science, Innovation and Technology (DSIT) were announced, where [...]
‘Fantastic news’ as Burnham brings Britain’s AI minister into Cabinet Tech Andy Burnham has promoted Kanishka Narayan to a Cabinet position as Britain’s AI minister as part of his first major government reshuffle, handing artificial intelligence its first dedicated seat at the Cabinet table. Narayan will attend Cabinet for the first time after surviving Burnham’s sweeping reshuffle, which saw several senior ministers leave government and the [...]
Former Virgin Money chief set to lead Financial Reporting Council Accountancy The former chief executive of Virgin Money has been selected as the government’s preferred candidate to lead the UK’s accountancy regulator following the expected departure of Sir Jan du Plessis. Dame Jayne-Anne Gadhia was named by Business and Trade Secretary Peter Kyle to replace du Plessis for a four-year term overseeing the Financial Reporting Council [...]
Investor visa proposed by Labour-aligned think tank July 9, 2026 Investor visas should be offered to 100 applicants each year, who would offer £3m in an upfront cash injection in return for residency rights in the UK, a think tank favoured by Labour has said. The Institute for Public Policy Research (IPPR), which has had a number of policy recommendations adopted by Labour, said the [...]
UK manufacturers facing ‘steel quota cliff edge’ June 16, 2026 Manufacturers are facing a cliff-edge from the government’s incoming steel tariffs that are likely to inflict “huge damage” on the UK economy, Britain’s largest industry body has warned. In a fresh statement, the British Chambers of Commerce (BCC) sounded the alarm on the impact that that new duties on foreign-produced steel will have on importers, [...]
Liz Kendall ramps up push to funnel pension cash into UK startups June 12, 2026 The government is stepping up efforts to channel more institutional money into British tech firms as ministers look to stop promising startups heading overseas for funding. Tech secretary Liz Kendall announced that Labour would pursue reforms to unlock pension fund investment into UK growth firms, adding Britain needs to become an “indispensable partner” in the [...]
Revolut price tag ‘just a stepping stone’ to a trillion, says Fuse boss June 12, 2026 Revolut will become a trillion dollar company, one of its most high profile alumni has claimed, with any valuation on the road to that a mere “stepping stone”. The London-born fintech giant – which currently boasts a valuation of $75bn – is tipped to launch another secondary share sale in the second half of this [...]
Instead of picking winners, Peter Kyle should get out of their way June 10, 2026 If Britain is to ever produce a trillion-dollar company, it will not be a result of the schemes announced by Peter Kyle and Rachel Reeves this week. It will be a result of creating an economic environment in which ambitious businesses can start, scale, invest and recruit without needing special handouts or assistance from the [...]
Britain to offer visa refunds to woo tech scale-ups June 9, 2026 The government will reimburse visa fees for high-growth firms hiring overseas talent as ministers step up efforts to turn Britain’s most promising scale-ups into global tech champions. Business secretary Peter Kyle is set to unveil a package of measures aimed at helping fast-growing companies “start, scale and stay” in the UK, including a new concierge-style [...]
What’s behind Mars UK’s £190M investment in its historic confectionery hub? June 8, 2026 Over the past decade, UK manufacturing has faced persistent headwinds, from Brexit to Covid and ongoing supply chain disruption. Yet manufacturing still accounts for almost 9 per cent of UK GDP. Set against this backdrop, a major new investment from a global company at its historic Slough factory signals a vote of confidence in UK [...]