Green light for Sizewell C as £14.2bn to go to major nuclear project as part of Spending Review June 10, 2025 The UK’s nuclear energy capacity is set to receive a major boost after the government confirmed it would put up the funds for the Sizewell C plant, ending months of uncertainty. Funding for the project is set to be announced by Chancellor Rachel Reeves alongside a decision on the Small Modular Reactor (SMR) competition at [...]
Ouch: Three tech firms bail out of the UK in a single day June 10, 2025 The Prime Minister did his best to sound bullish about the future of the UK tech sector yesterday as he opened London Tech Week. Some awkward technical issues with his autocue didn’t put him off his stride as he declared that Britain was “unequivocally, unashamedly and defiantly open for business.” Leaving aside the bizarre idea [...]
Government urged to add AI minister to every department June 10, 2025 The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years. A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]
Spending Review: Cuts to BBC put UK soft power at risk June 10, 2025 Spending review cuts to the BBC would erode the UK's soft power when it needs it most, writes Giles Kenningham.
Londoners most at risk of online fraud, report reveals June 10, 2025 Londoners are at significant risk of digital and financial exclusion after new data revealed one in four people in the UK capital lack confidence in money management. According to research from WPI Economics and Virgin Money, Londoners are twice as likely to experience both digital and financial exclusion than those living in the South East. [...]
Voters reject Reeves’ plans for state power on pension investments June 10, 2025 A majority of British voters oppose the government having powers to dictate pension fund investments, fresh polling has revealed, in a blow to Rachel Reeves’ attempts to use pension pot funds to boost growth. Three in five voters disagree with government influence over pension fund investments, according to a City AM and Freshwater Strategies poll [...]
Reform and Conservative supporters are open to an alliance, City AM poll finds June 10, 2025 Over half of Reform and Conservative voters support a merger or deal between the two parties, fresh polling by Freshwater Strategy and City AM has found, as Tory leader Kemi Badenoch wrestles to contain the surge in support for her upstart rivals in the wake of the local elections. The prospect of a ‘unite the [...]
UK GDP growth expected to slide after Awful April June 10, 2025 The UK economy is expected to have contracted in April as the double whammy of tax hikes and higher energy prices help reverse the 0.7 per cent growth gains seen in the first three months of the year. A Bloomberg poll of economists said City analysts are pencilling in a 0.1 per cent reduction to [...]
Winter fuel U-turn could lead to ‘unfair’ and ‘complex’ tax system June 9, 2025 Treasury calculations on savings made from a means-tested winter fuel payment for nine million pensioners may be significantly reduced due to a “new complexity in the tax system”, an economics think tank has warned. The government has claimed that £1.25bn budgeting for winter fuel payments represents a cost reduction of up to £450m compared to [...]
Labour to give HMRC £500m for AI boost June 9, 2025 The British tax agency, HMRC, is set to receive £500m in funding, which will see the introduction of an AI tool to assist the public with enquiries