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UK economy

  • ‘Nobody’s getting a free pass’: Starmer warns Big Tech as social media ban looms

    June 9, 2026

    Keir Starmer has warned tech firms they face government intervention if they fail to protect children online, as pressure mounts for tougher restrictions on social media access for under-16s. Opening London Tech Week on Monday, the prime minister used a speech focused on artificial intelligence, economic growth and Britain’s tech ambitions to deliver a stark [...]

  • Jeremy Hunt is right to ask Can We Be Rich Again?

    June 9, 2026

    With the CBI’s latest economic forecasts warning of a dramatic spike in unemployment and a prolonged period of anaemic GDP growth, it’s a good time to reflect on the question posed by former chancellor Jeremy Hunt in his latest book, Can We Be Rich Again? The book is the latest in a series of works [...]

  • CBI: 200,000 more Brits to face unemployment this year as growth crumbles

    June 9, 2026

    The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]

  • Debt-saddled grads ‘risk earning less than minimum wage’ five years after leaving uni

    June 8, 2026

    For nearly half of all university courses, those in the bottom quarter of the cohort end up earning less than minimum wage five years on from graduating, according to a new report on the outcomes crisis in higher education.  The think tank Policy Exchange has found that rampant grade inflation and an explosion in university [...]

  • FCA seeks injunction against Neil Woodford over ‘unauthorised’ investment advice

    June 8, 2026

    The financial watchdog has launched civil proceedings against former star fund manager Neil Woodford and his comeback venture over allegedly providing unauthorised investment advice. The Financial Conduct Authority (FCA) has started civil proceedings against Woodford and W Four Point Zero FZE, which trades as W4.0. The FCA alleges that Woodford and W4.0, which is registered [...]

  • London Tech Week day one: AI talk has come back down to earth

    June 8, 2026

    AI conversations are no longer about possibility, but infrastructure, writes Russ Shaw in day one of his London Tech Week diary.

  • ‘We’ve got lots of things going for us America doesn’t’: Sadiq Khan on competing with Silicon Valley

    June 8, 2026

    Sadiq Khan has claimed that shifting political dynamics in the US are actively driving tech talent and venture capital to the UK, arguing that London possesses structural and cultural advantages that “America doesn’t” as he seeks to position the capital against Silicon Valley. The Mayor of London announced a new £12m investment programme on Monday [...]

  • Starmer: Britain must ‘not stick its head in the sand’ on AI

    June 8, 2026

    Sir Keir Starmer has said Britain must not “stick its head in the sand” on artificial intelligence, with the technology set to fundamentally reshape the UK economy. The Prime Minister used his speech at London Tech Week to unveil a major sovereign computing push, new AI skills programmes and a vision for keeping Britain’s fastest-growing [...]

  • Labour bets £1.1bn on Britain’s AI chip race

    June 8, 2026

    Keir Starmer’s government has unveiled a £1.1bn package aimed at turning Britain into a global AI hardware powerhouse, with ministers backing domestic chipmakers and pouring capital into training the next generation of engineers. The new AI Hardware Plan, announced at London Tech Week by tech secretary Liz Kendall, includes £750m for a new national AI [...]

  • ‘Walking stick daggers’ and ‘nunchucks’ return to London Tech Week banned list

    June 8, 2026

    Before hearing the prime minister or mayor of London talk up Britain’s tech future, attendees of this year’s London Tech Week had an important task: make sure they had left their spear gun at home. The annual list of prohibited items returned to Olympia on Monday, featuring a 45-item catalogue of banned objects ranging from [...]

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