If Pat McFadden wants to get Britain back to work, business has the answers September 9, 2025 The new work and pensions secretary, Pat McFadden, should look to the City for ideas on getting 9m adults back into work, says Matthew Elliott Britain’s growth problem is evident to everyone. Since the global financial crisis of 2008, GDP per capita has expanded at barely half a per cent a year – a fraction [...]
UK insurers face ‘data quality’ obstacles in AI adoption September 9, 2025 British insurers are facing a bigger AI obstacle than expected, as poor quality data is preventing underwriters from accelerating adoption. A new report by tech firm CI&T, in collaboration with Reuters Events, revealed that nearly three-quarters (72 percent) of underwriters identified fragmented and unstructured data as the primary barrier to AI transformation. The next top [...]
Fallout from ‘frustratingly simple’ Jaguar Land Rover attack to last for weeks September 8, 2025 A cyber attack at Jaguar Land Rover, which forced the company to halt production and retail operations on September 2, is set to continue for weeks in a huge headache for the firm. The incident prompted the UK’s biggest carmaker to take its systems offline as a precaution, while emails sent to staff at its plant [...]
Tom Tugendhat backs calls to marshal financial services to boost defence September 8, 2025 Tom Tugendhat has backed a report calling for greater involvement from the financial services sector to boost defence spending in the UK. The MP for Tonbridge, who served as security minister from September 2022 to July 2024, said the City of London has a “vital role to play” in the country’s national resilience. “From Taiwan [...]
Meet the new City minister September 8, 2025 Lucy Rigby KC MP takes over responsibility for financial services policy but who is the ex Slaughter & May minister? Who is the new City Minister? “I specialised in competition law and spent time in the City, at the regulator and at Which?, which gave me particular insight into how markets and regulation work – [...]
Challenger banks face ‘profitability trap’ at growth crossroads September 8, 2025 The UK banking sector faces a profitability roadblock that will give the industry’s challengers an “existential” turning point. Fresh data from KPMG suggests the industry’s average return on equity will fall to eight per cent come 2027 down from 13 per cent four years prior. This is set to spark an £11bn reduction in pre-tax [...]
Shadow business secretary slams Uber Eats for migrant comments September 6, 2025 Shadow Business Secretary Andrew Griffith has hit out at Uber Eats for saying that a crackdown on illegal migration will cause takeaway prices to rise. Takeaway apps have become a route for undocumented workers to earn a living in the UK, with illegal workers drawn to the industry by historically limited right to work checks. [...]
Kendall faces tough test to rescue UK’s broken AI policy September 5, 2025 Liz Kendall is expected to replace Peter Kyle as science and tech secretary in a major reshuffle by Keir Starmer, inheriting one of the government’s most urgent briefs: artificial intelligence. Kyle is reportedly moving to the Department for Business, with the skills brief carved out of the Department for Education. His departure from the tech [...]
Trump’s tech love-in highlights Musk rift as Silicon Valley backs AI push September 5, 2025 President Donald Trump’s White House dinner with the chiefs of the US’s biggest tech companies was meant to showcase unity between the president and Silicon Valley. Instead, the glaring absence of Elon Musk underscored the growing rift between the one-time allies as rivals like Apple’s Tim Cook and OpenAI’s Sam Altman lined up to praise [...]
UK firms race into AI as Peter Kyle urges regulators to keep pace September 5, 2025 Tech consultancy firm Capgemini has urged that, despite businesses racing to roll out generative artificial intelligence (genAI), most remain aptly unprepared for the governance challenges it will bring. This warning comes just as the UK government leans on the technology to sharpen its competitive edge and cut red tape. The French consultancy’s AI survey, published [...]