How might Rachel Reeves target lawyers, accountants and doctors in her budget?

Insiders say chancellor is planning a tax raid on partnership structures that could raise £1.9bn Lawyers, accountants and doctors could be hit in the budget if Rachel Reeves ends an exemption on employer national insurance contributions for partnerships. The chancellor has repeatedly warned that those with the “broadest shoulders” should pay their fair share of … Read more

Ministers confirm plans to reduce London’s affordable housing quotas

Developers will qualify for fast-track planning status if they include 20% affordable housing instead of current 35% target Ministers have confirmed plans to reduce affordable housing quotas in London as they try to reverse the recent collapse in housebuilding in the capital. Steve Reed, the housing secretary, said on Thursday that developers would be allowed … Read more

Airport expansion will put UK’s net zero goal in ‘serious jeopardy’, MPs warn

Committee urges ministers to set out measures to reduce carbon emissions before work starts on new runways Airport expansion plans backed by the government are putting the UK’s net zero target in “serious jeopardy”, MPs have warned. Without new safeguards, proposals to enlarge airports including Heathrow and Gatwick could push the UK over its carbon … Read more

Car production slumps to a 73-year low after JLR cyber-attack

Shutdown contributes to 27% slump across the UK sector, which says it remains under ‘immense pressure’ Car production in British factories slumped in September to the lowest level for the month since 1952 after Jaguar Land Rover was hit by an unprecedented cyber-attack. JLR, Britain’s largest automotive employer, was forced to shut down all its … Read more

OpenAI relaxed ChatGPT guardrails just before teen killed himself, family alleges

Adam Raine’s suicide at 16 years old was ‘predictable result of deliberate design choices’ by OpenAI, his family says The family of a teenager who took his own life after months of conversations with ChatGPT now says OpenAI weakened safety guidelines in the months before his death. In July 2022, OpenAI’s guidelines on how ChatGPT … Read more

Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?

The world will be pushed into a recession, but perhaps we can build something more promising from the pieces The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way. Employment growth is stuck and wage growth is slowing, especially among low-paying jobs. Loan … Read more

Trump pardons founder of Binance, world’s largest crypto exchange

Changpeng Zhao pleaded guilty to failing to stop money laundering in 2023 and was sentenced to four months Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday. “President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in … Read more

Amazon reveals cause of AWS outage that took everything from banks to smart beds offline

AWS explains in a lengthy post how a bug in automation software brought down thousands of sites and applications Amazon has revealed the cause of this week’s hours-long AWS outage, which took everything from Signal to smart beds offline, was a bug in automation software that had widespread consequences. In a lengthy outline of the … Read more