There was a time – not so long ago, though it already feels sepia-tinted – when London was the sort of place that tourists arrived in with stars in their eyes and left with shopping bags cutting off circulation at the fingers. Harrods bags, Selfridges bags, Mulberry bags, the bright yellow of Fortnum’s peeking out of a suitcase being sat ...
Sir Richard Branson has announced the death of his wife, Joan Branson, sharing a heartfelt tribute on Instagram confirming she has passed away after their 50 years together. The Virgin founder described Joan as his “best friend” and “guiding light”, paying tribute to her role at the centre of the Branson family. “Heartbroken to share that Joan, my wife and ...
Artificial intelligence and robotics could automate more than half of all work carried out in the United States — with existing technology — according to a new report from the McKinsey Global Institute. The research finds that 57% of US work hours could be automated today if organisations redesigned workflows around the capabilities of AI agents and robots. The analysis ...
Currency traders are increasing their bets against sterling ahead of Wednesday’s Budget, fearing that Rachel Reeves’ tax and spending plans could further weaken the UK’s already fragile economic outlook. Data from CME Group shows trading volumes in put options — contracts that profit from a fall in the pound — have outpaced bullish call options by more than four to ...
Chancellor Rachel Reeves has urged Labour MPs to rally behind her “fair and progressive” Budget, warning that while not every measure would be universally popular, the package must be backed in full to deliver the government’s economic agenda. Addressing a tense meeting of the parliamentary Labour Party after two weeks of leadership speculation, Reeves told MPs that “politics is a ...
Clean-energy installation specialist Installio has raised £1.5 million in an oversubscribed Seed round led by Verb Ventures, as the fast-growing London-based company prepares to scale nationally amid surging demand for heat pumps and home-energy retrofits. Founded to tackle the biggest bottleneck in the UK’s clean-heating transition — inconsistent, low-quality installations — Installio combines specialist engineering expertise with a technology platform ...
A leading solicitor involved in the Supreme Court victory that shielded regional taxi firms from blanket VAT charges has warned that Chancellor Rachel Reeves’ proposed “taxi tax” could have damaging consequences for small operators and vulnerable passengers. Layla Barke-Jones, Dispute Resolution Partner at law firm Aaron & Partners, represented Delta Taxis in the landmark case that confirmed private hire operators ...
Chancellor Rachel Reeves is being urged to seize the moment and use artificial intelligence to “Make Britain Great Again”, as business leaders and technology experts warn that AI may be the only route to growth in a Budget constrained by Labour’s tax promises. The calls come as the government prepares to announce thousands of new AI-related jobs and billions of ...
A new British venture capital fund has secured major backing from Qatar to accelerate investment into quantum computing start-ups, marking a significant vote of confidence in one of the UK’s fastest-growing deep-tech sectors. Firgun Ventures, co-founded by academic and former Culture Trip founder Kris Naudts and ex-Goldman Sachs banker Zeynep Koruturk, has closed its first investment round at $70 million ...
The government is facing renewed pressure to strengthen online safety laws after rejecting key recommendations designed to curb the viral spread of misinformation, despite agreeing with most of MPs’ findings on the scale of the problem. The Science, Innovation and Technology Committee today published the government and Ofcom’s responses to its July report, which concluded that the Online Safety Act ...