Vance says ‘broken’ Britain must rebuild economy, not just change PM July 5, 2026 US vice president JD Vance has branded Britain’s politics “broken”, saying the country’s revolving door of prime ministers reflects a deeper economic failure that has hollowed out industry, weakened productivity and left voters demanding structural reform. In an interview with The Sunday Times, Vance said Britain’s recent political instability was symptomatic of long-term economic decline [...]
4chan ridicules Ofcom again as watchdog chases unpaid £520k fine July 2, 2026 4chan has again mocked Ofcom after the regulator renewed demands for the controversial image generator to pay its £520,000 Online Safety Act fine, prompting its lawyer to respond with another AI-generated hamster. Preston Byrne, the US lawyer representing 4chan, posted on X on Thursday: “Ofcom wrote. Again. Demanding that 4chan pay its fine. Sent us [...]
OpenAI’s proposed ‘Trump stake’ raises ‘governance overhang’ fears ahead of IPO July 2, 2026 OpenAI’s proposal to hand the US government a five per cent stake in the AI firm has triggered fears that the move could complicate a future public listing. The ChatGPT maker has discussed giving the Trump administration a five per cent equity stake as part of a broader proposal that would see America’s leading AI [...]
Wayve hands London private market ‘major boost’ with $85m share sale July 1, 2026 Wayve has handed London’s fledgling private markets platform a major boost after unveiling an $85m (£63m) employee share sale. In what has been labelled a “major boost” for the City’s efforts to keep tech firms on home soil, the British autonomous driving unicorn will use the London Stock Exchange’s new Private Intermittent Securities and Capital [...]
Nothing fails to file accounts months after dissolution threat July 1, 2026 Smartphone maker Nothing is still showing overdue accounts months after escaping compulsory dissolution, City AM can reveal, raising questions over the governance of one of Britain’s fastest-growing tech firms. The London-based consumer electronics maker narrowly avoided being struck off the UK company register earlier this year after Companies House launched compulsory strike-off proceedings over missed [...]
Ealing stalls on Voi contract as ‘sensitive discussions’ threaten West London e-bike network July 1, 2026 Ealing Council has held back from signing a fresh e-bike agreement with operator Voi, City AM understands, stalling its upcoming operating period as backroom negotiations expose growing regulatory divide on London’s high streets. Town hall chiefs have admitted that negotiations have hit a deadlock, revealing they are mired in non-disclosure talks ahead of a looming [...]
Nscale and ElevenLabs power £41bn AI boom as Britain cements unicorn crown July 1, 2026 Britain’s AI sector has more than tripled in value in just a year, with fast-growing firms including Nscale and ElevenLabs now worth a combined £41bn as the UK strengthens its position as Europe’s leading startup hub. New research from the Hurun UK Unicorn Index shows the country’s nine AI unicorns have surged to a combined [...]
City launches new Digital ID framework against AI fraud June 30, 2026 The City of London Corporation has unveiled plans for a new digital identity framework it claims could unlock more than £5bn for the UK economy, as policymakers and the financial sector race to tackle increasingly sophisticated AI-enabled fraud. A blueprint published on Tuesday proposes a “Digital Verification Orchestrator”, or DVO – a system set to [...]
Apple claims CMA app store shake-up could ‘open the door to scams’ June 30, 2026 Apple has claimed that proposed UK competition reforms to its App Store risk “opening the door to scams”, as the CMA prepares to push ahead with plans to loosen the grip Apple and Google hold over in-app payments. The watchdog on Tuesday launched a consultation on new conduct requirements under Britain’s Digital Markets, Competition and [...]
Uber slams £340m London cabbie case as ‘completely unfounded’ June 30, 2026 Uber slammed a court case brought against it by thousands of black cab drivers as “completely unfounded” on Monday as the £340m lawsuit headed to trial. The preliminary hearing, which took place at the High Court, marks the first major test in one of the UK’s biggest competition and damages claims, brought by the 13,000 [...]
