The Royal Mint has launched an innovative factory in south Wales to recover gold from electronic waste, marking a significant step towards sustainable precious metal sourcing for its luxury jewellery line. This facility, under construction since March 2022, will extract gold from up to 4,000 tonnes of UK-sourced circuit boards from devices such as phones, […]
The UK government has unveiled a £32 million investment into artificial intelligence (AI) innovations designed to transform public services and enhance productivity. This initiative targets critical areas such as reducing train delays, accelerating NHS prescription deliveries, and providing training for construction workers. A total of 98 projects have been selected to receive a share of […]
The delayed arrival of warm summer weather led to a rebound in UK retail sales in July, according to industry data, even as shoppers continued to avoid large purchases amid the ongoing cost of living crisis. Data from the British Retail Consortium (BRC) indicated a 0.5% year-on-year increase in total UK retail sales for July. […]
Chancellor Rachel Reeves has left open the possibility of altering a key measure of the UK’s debt, a move that could potentially release £17 billion for her upcoming autumn budget. During a trip to New York and Toronto, Reeves indicated she would clarify her fiscal rules in her maiden budget, amidst speculation that the government […]
Prime Minister Sir Keir Starmer is embroiled in a heated exchange with billionaire Elon Musk, who recently claimed that Britain is on the brink of a “civil war” over immigration. This follows the unrest triggered by the murder of three girls in Southport, which far-right activists have exploited to incite violence against immigration centres. Musk, […]
The UK government has lost £4.1 billion of taxpayer money due to errors and fraud in research and development (R&D) tax schemes since their introduction in 2020, according to HM Revenue and Customs (HMRC). Critics claim that some companies are exploiting these tax breaks without engaging in genuine R&D activities. This controversy arises amidst a […]
A government scheme designed to promote innovation and boost the economy has lost over £4 billion to fraud and error since 2020, due to widespread abuse. The research and development (R&D) tax credits scheme, intended to drive world-leading innovation, has been plagued by dubious claims, turning into what experts describe as a “wild west”. Claims […]
Morrisons is trialling an innovative approach to save energy and reduce costs by raising the temperature of its freezers by 3°C. This move marks the first departure by a UK supermarket from the industry standard, which has remained unchanged for nearly a century. The Bradford-based retailer will increase freezer temperatures from -18°C to -15°C in […]
The future of the historic Harland & Wolff shipyard is in jeopardy following a $25 million emergency bailout, raising fears that Royal Navy vessels could soon be constructed abroad. The Belfast-based company, renowned for building the Titanic, has scrapped its planned restart of ferry services between Cornwall and the Scilly Isles, instead choosing to concentrate […]
Intel, the American semiconductor giant, is set to eliminate 15,000 jobs as part of an aggressive effort to revitalise its lagging manufacturing operations and catch up in the competitive artificial intelligence (AI) chip market. The California-based company’s shares plummeted by 20% in after-hours trading in New York to $29.05 following the announcement of a significant […]