Rishi Sunak: ‘AI doesn’t respect national borders so Britain must lead on global safety’ June 12, 2023 Artificial intelligence (AI) “does not respect borders” and the UK must lead on drawing up global regulation for the technology, the Prime Minister, Rishi Sunak, said today. Speaking at London Tech Week this morning, Sunak warned that the adoption of AI would have an impact on employment akin to the “industrial revolution” and said its [...]
Andreessen Horowitz launches London crypto push with first international office June 12, 2023 Storied US venture capital firm Andreessen Horowitz has revealed plans for a major growth push in the UK today with a first international office in London and a crypto accelerator programme to take place next year.
HSBC launches ‘Innovation Banking’ division housing SVB’s former UK arm June 12, 2023 HSBC has revealed it will launch a new global “Innovation Banking” division today centred on the former UK arm of Silicon Valley Bank (SVB), which it rescued from collapse in March. SVB UK was snapped up for £1 in an eleventh hour deal by HSBC in March after being brought down by a run on [...]
New biothreats radar amid warnings Covid vaccine prep ‘dismantled’ June 12, 2023 Government ministers are set to launch a new biothreats radar programme to guard the UK against disease outbreaks, bio-attacks and antimicrobial resistance. Pandemic preparedness, data monitoring and boosting the UK’s life sciences sector with £1.5bn a year are also priorities for the unit, set to be run by the National Situation Centre. Deputy prime minister [...]
If Ben Wallace takes the helm of NATO it could be a boost for Global Britain June 12, 2023 If Ben Wallace becomes the head of NATO, he’ll leave a big hole to fill at the Ministry of Defence. But it would be good for the UK’s international standing, writes Eliot Wilson
Cabinet minister claims politics has ‘moved on’ from Boris Johnson June 11, 2023 Politics has “moved on” from the drama of Boris Johnson, a senior cabinet minister has claimed amid a row over the former prime minister’s resignation as an MP and honours list. Energy secretary Grant Shapps told Sky News’s Sophy Ridge on Sunday that while former London mayor Johnson possessed “many qualities”, No 10 was under [...]
Danone UK boss urges government to raise fat, sugar and salt taxes June 11, 2023 The UK boss of a major food firm has called on ministers to link VAT rates to the “health credentials” of products containing fat, salt and sugar, in the first example of such a demand coming from business rather than government. James Mayer, president of Danone UK & Ireland, which sells the Actimel yoghurt drink [...]
Sunak defends “progressive” UK tax system June 10, 2023 Rishi Sunak has insisted the UK’s tax system is “very progressive” as he brushed off questions about his own financial affairs. The Prime Minister paid an effective rate of around 22% on his substantial income because the majority came from capital gains rather than earnings. But Mr Sunak insisted the tax system was fair for [...]
“Writing on the wall”: Boris advisor on why ex-PM quit Parliament June 10, 2023 Boris Johnson has been accused of being a coward for quitting as an MP before the findings of a cross-party investigation into whether he lied to the Commons has been published. Angela Rayner, Labour’s deputy leader, said the former prime minister had “jumped” to avoid facing a potential by-election in his marginal constituency. Mr Johnson [...]
What the Windfall?! Debunking what just happened and why the industry’s not happy June 9, 2023 The government has made changes to the Energy Profits Levy - known as the windfall tax - here's what it means.