BP profits the “unearned windfalls of war” say Labour as windfall tax row heats up May 2, 2023 "Pearl-clutching" begins with Labour and Lib Dems plotting moves to toughen up windfall tax - despite BP paying a further £520m already
SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
Explainer: The Brexit bonfire of EU laws turns into dust April 28, 2023 Rishi Sunak has smothered the “Brexit bonfire” of EU laws – and hard-line Brexiteers are fuming with rage. But the prime minister smartly refused to be the face of this u-turn, putting business secretary Kemi Badenoch on the front stage herself. This week, Badenoch had to tell Brexiteers in her party that the majority of [...]
Sunak’s challenge is to design flexible but firm rules for artificial intelligence April 28, 2023 ChatGPT has thrown artificial intelligence into the mainstream, and now it's Rishi Sunak's job to design rules which don't prevent its growth, but keep us safe.
Microsoft slams UK move blocking Activision takeover as ‘bad day for Britain’ April 27, 2023 Microsoft’s vice chair and president has slammed the UK competition watchdog’s decision to block the software company’s 68.7bn dollar (£55bn) takeover of gaming firm Activision Blizzard, calling it a “bad day for Britain”. Brad Smith said the UK regulatory environment compared unfavourably with the EU and warned the “English Channel has never seemed wider”. He [...]
Diane Abbott and Dominic Raab share the fate of being doomed to the fringes April 27, 2023 Diane Abbott and Dominic Raab didn't lose their battles because their politics was too radical; they lost because they proved gross incompetence, writes Will Cooling
PMQs Sketch: Rishi and all his (non) Doms April 26, 2023 If you were to traipse through Rishi Sunak’s nightmares for a night or two, it would be a series of Doms coming and going.
Self-driving cars will bring vital innovation to our roads – but we need new laws for it to work April 26, 2023 Self-driving cars will make our roads safer, bringing innovation to the UK. But we need regulation and clarity to ensure the industry can trust us as a place where it can flourish, writes Ben Everitt
Bank of England interest rate hikes would squeeze Jeremy Hunt’s room for tax cuts by £8bn, City economist claims April 26, 2023 The Bank of England could squeeze Chancellor Jeremy Hunt’s room to cut taxes in the run up to the next general election if it keeps hiking interest rates to tame inflation, a City economist has calculated. Officials at Threadneedle Street would swell Britain’s debt interest bill by around £8bn if they send borrowing costs to [...]
Sunak arrived late to the business charm offensive and still can’t catch up April 26, 2023 Rishi Sunak spent Monday flirting with business leaders, but Keir Starmer and Rachel Reeves are still winning the battle to court corporates.