Insulating our leaky homes now would be a sensible investment for this Conservative government to make December 26, 2022 As Rishi Sunak stood in Downing Street after becoming prime minister, he made a major promise. “The government I lead will not leave the next generation, your children and grandchildren, with a debt to settle that we were too weak to pay ourselves”, he said. That’s why the recent announcement from the Chancellor to make [...]
How ChatGPT AI is changing our online lives forever December 21, 2022 Instead of explaining ChatGPT in my own words, I’ll let ChatGPT explain itself. Logging onto the website, I search: “What is ChatGPT?” “GPT can be used for a variety of tasks, including language translation, summarization, and chatbot responses,” the chatbot responds. “In the context of chatbot responses, GPT could be used to generate responses to [...]
Best of 2022: How Games Workshop founder Ian Livingstone created a £3bn giant December 19, 2022 In a leafy enclave of West London, Ian Livingstone is balanced precariously upon a chair in his study, grasping for a top-shelf box filled with incredibly rare figurines. The legs of the chair creak in protest, and there is a moment when I fear I may be responsible for the untimely death of the man [...]
If we concede to the unions, Britain will find itself in a dizzying wage-price spiral December 14, 2022 A wage price spiral. We have not experienced one for so long that for most people the phrase might just as well be written in the Old English of a thousand years ago. It is, well, sort of comprehensible but only just. But such spirals can take hold with terrifying swiftness. Towards the end of [...]
Suppliers hit with £2bn debt heading into winter, predicts Cornwall Insight December 13, 2022 Domestic energy suppliers could be exposed to nearly £2bn of debt. warns energy specialist Cornwall Insight.
FTSE 100 dogged by investors souring on Ashley’s Frasers Group December 8, 2022 London’s FTSE 100 was dogged down today by retail tycoon Mike Ashley’s Frasers Group sinking to the bottom of the index. The collection of the capital’s top companies dropped 0.23 per cent to 7,472.17 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.56 [...]
Wall Street banks shed staff as global slowdown bears its teeth December 7, 2022 Wall Street banks are laying off workers to offset the damage inflicted on their finances by a slowing global economy. US lender Morgan Stanley yesterday became the latest firm to announce redundancies, shedding two per cent, or around 1,600, of its workforce. Goldman Sachs earlier this year also slashed staff and its chief executive, David [...]
FCA tightens financial promotion rules over risky investment fears December 6, 2022 The City watchdog revealed it is tightening its financial promotion rules today amid fears that firms are peddling products to consumers without proper oversight.
Brits had most volatile year for fuel costs as CMA probe ‘rocket and feather’ pricing December 6, 2022 Brits have suffered the most volatile year on record for fuel prices, as the Russian invasion of Ukraine and cost of living crisis continued to pile pressure on drivers the pumps. New analysis published today show fuel prices rose by 50p a litre from January to July, which is the largest leap ever recorded. It [...]
Utilita boss fears Big Six advantage as he slams Ofgem reforms December 2, 2022 Ofgem risks stifling innovation and preventing energy firms from finding a pathway to profit, warned the boss of Utilita Energy.