In a significant policy shift, the UK government has cancelled £1.3 billion in funding earmarked for artificial intelligence (AI) and technology research and development, as part of broader efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to bolster the UK’s position asContinue Reading
Business and Trade Secretary Jonathan Reynolds has said he is “not worried” about the potential effect of days of rioting on foreign investment in the UK as the Government seeks to secure economic growth. As disorder intensified in the UK earlier this week, Chancellor Rachel Reeves was courting global investorsContinue Reading
The Prince’s Trust has teamed up with medical imaging IT and cybersecurity firm Sectra to launch a new initiative aimed at widening access to technology careers for young people from diverse backgrounds. The programme, titled ‘Get into IT and Administration’, was introduced in Belfast over the summer and focuses onContinue Reading
Council leaders have said they hope impending strikes by waste and recycling workers across much of Scotland will be called off after an “improved” pay offer was made. The offer came after a special meeting of Cosla on Friday where it was agreed that “additional funding” found by Scottish ministersContinue Reading
London’s top financial indexes made further gains on Friday as calm returned to trading across European markets. The FTSE 100 moved higher during the session to end roughly flat for the week despite starting with its weakest session of the year so far on Monday. Banks, mining and property firmsContinue Reading
A revised pay offer which could see bin strikes called off is expected to be made this afternoon, the PA news agency understands. Council leaders met on Friday morning where it was agreed that the “additional funding” identified by Scottish ministers would be used to negotiate with trade unions. AContinue Reading
The owner of private members’ clubs Soho House has seen its losses grow to more than £25 million over the past few months, despite amassing an all-time high waitlist of about 111,000 people vying for a membership. Soho House & Co, which has its shares listed in New York, hasContinue Reading
Some of the world’s biggest betting firms are set to reveal whether they have cashed in on a set of major global sporting events, as they prepare for new rules for gamblers in the UK. Flutter Entertainment, which owns a swathe of brands including Betfair, FanDuel and Paddy Power, willContinue Reading
Mountain Warehouse has pledged to open more stores across the UK amid a boom in demand for outdoor clothing. The retail chain said it has opened 20 stores over the past six months and has a “strong” pipeline of new locations, including more shops at retail parks. It came asContinue Reading
Pret A Manger has introduced body-worn cameras for its staff in a bid to combat the sharp rise in shoplifting and attacks on retail workers. The coffee shop chain has begun a trial in six of its London outlets, where team leaders and managers will wear the cameras. Signs haveContinue Reading
