Whitehall is set to bring in leading AI and data experts from the private sector to catapult tech skills and innovation in government departments, according to Cabinet Office Minister Jeremy Quin. The plan aims for government to utilise AI responsibly to improve public services by boosting productivity. This includes the creation of an Automation and […]
Amid ongoing inflation and rising costs, people are feeling the pinch with over half of businesses that noticed changes in spending reporting that their customers are spending less than they were in the first three months of the year. That is is the findings of the second Virgin Media O2 Business Movers Index – a […]
Cheaper mortgages could be available within weeks on the back of better than expected inflation figures that suggest interest rates are close to peaking. In the first piece of good economic news for the government in months, the Office for National Statistics said that consumer price inflation had fallen from 8.7 per cent in May […]
Over 50s who are out of work should be given support to start their own businesses, MPs have said. A report by the Work and Pensions Select Committee has suggested a self-employment support programme could help reduce the level of economic inactivity in people over 50, as well as disabled people. The scheme, if implemented, […]
Small businesses are being offered the chance to take over a shop on Oxford Street, rent-free, as part of a new project launched today by Westminster City Council, in partnership with New West End Company. Called “Meanwhile On: Oxford Street”, the programme invites applications from innovative, cutting-edge and up-and-coming brands who will offer something exciting […]
The UK’s inflation rate has slowed more than expected to the weakest pace in 13 months, falling to 7.9 per cent on the back of a fall in petrol prices last month. Headline consumer price inflation dropped in June from 8.7 per cent to the lowest reading since March 2022, when the war in Ukraine […]
Tata has confirmed plans to build a £4 billion battery factory in the UK in a boost to the automotive industry and government attempts to secure key investment. The Indian parent company of the Jaguar Land Rover group chose the site in Somerset for their dedicated 40GWh “gigafactory” to supply its electric cars. The new […]
F1 Authentics – owned by Memento Exclusives, the UK-based sports memorabilia specialist – and Oracle Red Bull Racing have raised a total of £108,497 for Wings for Life in an exclusive auction. The auction, held on the memorabilia platform, included the race suit that two-time Formula One World Champion, Max Verstappen, wore for the 2023 […]
Jaguar Land Rover-owner Tata is set to announce plans to build a flagship electric car battery in Somerset. People familiar with the matter said the investment would be officially announced on Wednesday. The government is providing subsidies worth hundreds of millions of pounds, sources said. Some in the car industry have described the plant as […]
The National Audit Office (NAO) has launched an investigation of Financial Conduct Authority’s effectiveness and ability to manage a growing list of responsibilities, including the overseeing of online fraud, crypto and risks surrounding artificial intelligence. The review is understood to include examining the FCA’s governance, strategy, and culture and well as its approach to regulating […]