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UK invests £36 million to enhance AI supercomputer access. The investment aims to provide British researchers and startups with advanced computing resources, levelling the field for innovation in areas like healthcare and climate resilience.
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Payment Systems Regulator’s abolition expected no sooner than 2027. David Geale of the PSR anticipates the regulator’s consolidation into the FCA will not occur before early 2027, despite government plans for sector reform and deregulation.
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Bank of England keeps rates steady after a narrow Monetary Policy Committee vote. The decision highlights deepening divisions among policymakers, reassures lenders and investors, and signals that interest rate cuts remain possible later this year.
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IMed Group has appointed Spencer Keegan to lead talent acquisition. The regulatory consultancy is expanding recruitment services alongside international growth, adding permanent and contract hiring capabilities to support medical and health technology clients across Europe and beyond.
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UK organisations face mounting difficulty proving AI’s environmental impact. New research shows enterprises remain confident in AI’s sustainability potential, but lack the emissions data required to evidence progress against environmental targets.
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UK fiscal headroom has already been exhausted, according to new forecasts. Fresh analysis from NIESR shows weak growth, rising unemployment, and higher labour costs are eroding the Chancellor’s budgetary margin, prompting warnings from business leaders about the impact on hiring and investment.
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Lloyds Banking Group appoints Ajneet Jassey as its new London ambassador. The bank has named the senior legal executive to focus on housing delivery, business growth, and technology engagement across the capital.
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One million people missed the self-assessment tax deadline. HMRC reported 27,456 taxpayers filed in the final hour before the deadline. Those who missed it face an automatic £100 penalty, with additional penalties for continued non-compliance.
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Infosecurity Europe has unveiled a new Cyber Startup Programme. The initiative will debut at the 2026 event in London, combining a dedicated startup zone, founder-focused conference content, and a live pitching competition aimed at supporting early-stage cybersecurity businesses.
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Starling’s IPO plans face uncertainty amid regulatory frustrations. The digital bank’s billionaire backer is reconsidering a London listing due to slow regulatory reforms, raising concerns of a potential New York IPO instead.
