Tag: In Business

Apr 15

£243,000 IR35 case to be reheard 14 years after contract concluded

Five years after HMRC appealed an IR35 case defeat carrying £243,324 in tax liability, judges have instructed this long-running saga to be reheard despite the work having taken place 14 years ago. IR35 specialist, Qdos, said the situation “smacks of unfairness” and highlights the “nuances and complexities of the IR35 legislation”. In 2019, IT contractor, […]
Apr 12

AI Skills Gap putting Public Sector projects in jeopardy, according to new research

The artificial intelligence (AI) skills gap is holding back public sector projects with 60 per cent labelling the shortage as their top implementation challenge. Although all industries are facing a shortage, the public sector gap is by far the widest. According to Salesforce research only 28 per cent of public sector IT professionals claim to […]
Apr 12

UK Competition Watchdog Raises Alarms Over Big Tech’s AI Dominance

The UK’s Competition and Markets Authority (CMA) has voiced significant concerns regarding the formidable grip of major technology corporations, including Apple, Amazon, and Microsoft, in the realm of artificial intelligence (AI), warning of potential harm to consumers. The CMA is closely scrutinising AI foundation models, the potent digital engines propelling advancements in AI, which include […]
Apr 10

Meta employees discussed buying Simon & Schuster to train AI models, report reveals

Recent revelations from internal meetings at Meta, the parent company of Facebook and Instagram, have shed light on discussions among managers, lawyers, and engineers regarding the potential acquisition of Simon & Schuster to procure books for training the company’s artificial intelligence (AI) tools. The recordings, shared with the New York Times by an employee of […]
Apr 10

7.4 Million UK Consumers Struggle to Pay Bills, Financial Regulator Finds

According to recent findings from the Financial Conduct Authority (FCA), more than 7.4 million individuals across the UK encountered challenges in meeting bill payments or credit repayments in January, underscoring ongoing financial strain among a significant portion of the population. Although this figure represents a decrease from previous years, it remains substantially higher than pre-crisis […]
Apr 10

UK’s largest pub group Stonegate struggles to refinance £2.2bn Debt, giving it an uncertain future

Stonegate Pub Company, the UK’s leading pubs and bars group boasting a network of over 4,400 establishments including popular chains like Slug & Lettuce and Be At One, has issued a warning about its financial viability as it struggles to refinance its substantial £2.2 billion debt. Despite ongoing discussions with potential lenders, the company has […]