Kemi Badenoch: AI firms ‘won’t come here’ if Britain overregulates July 7, 2026 Kemi Badenoch has warned Britain risks driving away the next generation of AI giants unless it lowers industrial energy costs or fixes London’s capital markets, arguing the UK cannot regulate its way to becoming a global tech leader. Speaking at the Politics UK Summit in Westminster on Monday evening, the Conservative leader said Britain was [...]
Darktrace says Anthropic was right to pause Mythos on ‘security and safety’ grounds July 7, 2026 Darktrace has backed Anthropic’s temporary restrictions on its most advanced AI models, arguing the move was about safety rather than shutting Britain out of its frontier model. Nicole Carignan, Darktrace’s SVP of AI and security strategy, told City AM the short-lived curb on Anthropic’s Mythos and Fable models should not be read as a straightforward [...]
Patent cliff fuels Novartis’ $1.5bn swoop for London biotech July 6, 2026 Swiss pharmaceutical giant Novartis has agreed to buy London-based biotech Myricx Bio for up to $1.5bn (£1.1bn) as global drugmakers continue deploying billions into promising biotech firms ahead of an estimated $450bn wave of patent expiries over the next decade. The deal will see Novartis pay $1.1bn upfront, with a further $400m tied to development [...]
FCA eyes tougher AI rules as Brits turn to chatbots for financial advice July 6, 2026 The Financial Conduct Authority (FCA) has called for greater powers to regulate artificial intelligence after warning the UK’s financial rulebook must evolve to keep pace with the number of consumers turning to chatbots for advice on their money. In a new review published on Monday, the watchdog said AI will become “a defining force” in [...]
ITV says ‘no guarantees’ on jobs after £1.6bn Sky deal July 6, 2026 ITV and Sky executives have said they can make no guarantees on job cuts after the two companies announced a £1.6bn merger on Monday. Employees of ITV have been warned the tie-up between Britain’s two biggest commercial broadcasters could lead to redundancies, and there are “no guarantees” over their jobs. Speaking after the acquisition was [...]
Britain set to miss net-zero car targets despite record electric vehicle sales July 6, 2026 Britain is set to miss its net-zero emission target for cars despite Electric vehicles (EVs) claiming a record share of the UK new car market in June, fuelled by billions of pounds in discounts. Battery EVs accounted for 30 per cent of all new cars registered last month – the highest monthly share of the [...]
Burnham’s high street tax plan carries £880m price tag July 6, 2026 Andy Burnham’s plans to overhaul business rates in favour of Britain’s high streets could cost around £880m a year, according to new analysis, as questions mount over how the Labour leadership frontrunner would pay for one of his first major tax reforms. Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business [...]
HMRC claws back £1m cutting ties with outside tech suppliers July 5, 2026 HMRC has cut contractor costs by £1m a year after replacing a decades-old outsourcing model, as ministers face pressure to find £14bn of efficiency savings across Whitehall. Whitehall risks missing Labour’s £14bn efficiency savings target unless departments stop repeatedly buying the same digital expertise from outside suppliers, according to a British technology consultancy working across [...]
World Cup gives London restaurants and retailers Deliveroo boost July 5, 2026 England’s World Cup campaign has delivered a boost for restaurants and retailers across London, with new Deliveroo data showing a sharp increase in orders during the Three Lions’ group-stage matches. Exclusive figures shared with City AM show BBQ orders more than doubled across the capital during England’s matches against Croatia, Ghana and Panama, while picnic-related [...]
Labour defends Burnham’s ‘very powerful’ No 10 North plans July 5, 2026 Andy Burnham’s proposed ‘No 10 North’ would lead to a “very powerful reorganisation of government”, deputy Labour leader Lucy Powell has said. Her words come as ministers push ahead with one of the biggest overhauls of English local government in decades before Burnham is expected to enter Downing Street later this month, with Labour arguing [...]
