Wealth managers must get ready for the great wealth transfer May 19, 2025 With the UK on the verge of a historic great wealth transfer, wealth managers must get ahead now, writes Rhodri Preece.
Elton John slams government as ‘losers’ over AI copyright row May 18, 2025 Sir Elton John described the Government as “absolute losers” and said he felt “incredibly betrayed” after calls by peers to amend the Data (Use and Access) Bill to include greater copyright protections against artificial intelligence (AI) were resisted. Earlier this week, the House of Lords supported an amendment designed to ensure copyright holders would have [...]
Government AI pushed stalled by old tech May 16, 2025 The UK public sector is facing a digital crisis, with pressure mounting to roll out AI-driven services, enhance citizen engagement, and modernise remote working. But the sector is being dragged back by legacy systems, disconnected platforms, and chronic budget constraints. A new report from CX platform provider 8×8 and Cavell Group analysts has revealed that [...]
One in ten Brits have no cash savings, City regulator says May 16, 2025 One in ten Brits do not have any cash savings, the City regulator has warned, concerning signs that hundreds of thousands of people could be unable to cover emergency bills. New research by the Financial Conduct Authority (FCA) has also suggested that a fifth of people have less than £1,000 available to draw on The [...]
Investor visa floated to reverse exodus of millionaires May 15, 2025 Keir Starmer’s government is reportedly looking to introduce a special visa for foreign investors in an attempt to reverse the tide of millionaires leaving the UK. Officials are at the early stages of drawing up a visa which would provide an olive branch to wealthy businessmen keen to fund in areas such as artificial intelligence [...]
Small businesses ‘held back’ by £112bn of late payments May 14, 2025 Small and medium-sized businesses (SMEs) are owed some £112bn in late payments, new research has suggested, with buyers “holding back” UK growth. Nearly 5.5m companies with fewer than 250 employees and modest revenues are seen as the “backbone” of the UK economy and key to unlocking growth. But new research by the Centre for Economics [...]
AI risks creating a cyber crunch for the UK’s national infrastructure May 14, 2025 The UK’s cyber watchdog has warned that artificial intelligence (AI) could significantly increase the country’s exposure to cyber attacks, especially those across its critical infrastructure, unless urgent steps are taken. In a recent report, the National Cyber Security Centre (NCSC) argued that AI is already transforming the threat landscape, and that by 2027, it could [...]
UK research fund suffering from Labour’s lack of strategy, watchdog says May 14, 2025 The government should give the UK’s largest single public fund for scientific and technological research more deadlines and clearer targets in order for projects to succeed, an independent watchdog has said. The National Audit Office (NAO) said the government should better communicate its policy priorities to UK Research and Innovation (UKRI), which has a budget [...]
Defence secretary tells City sector is ‘open for business’ May 13, 2025 Defence secretary John Healey has unveiled plans to open a “marketplace” that will allow suppliers from different areas of the economy to support defence firms, telling an audience at the London Stock Exchange that “UK defence is open for business.” Healey announced the new scheme linking up the defence sector with companies in software, data [...]
British Airways bets on AI to shake off delays May 13, 2025 British Airways has revealed that a major push into artificial intelligence has started to pay off. The UK flag carrier reports an improvement in punctuality after years of cancellations, IT meltdowns, and operational chaos. Chief executive Sean Doyle described the new AI systems as ‘game changing’, claiming they have helped reduce delays and cancellations that [...]