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Tell us: how are your finances looking ahead of the Spring Forecast?

Next Tuesday the chancellor, Rachel Reeves, will update the country on the state of the economy when the Spring Forecast is delivered to parliament.The government is not expected to make major announcements on taxes and spending but will include the latest forecasts for growth, details of the UK’s financial position and hint at the changes we might expect in future.We would like to hear from you. How are you feeling about your finances right now and has anything improved or worsened over the past year?You can tell us about your financial situation using this form.Please include as much detail as possible

about 3 hours ago
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Rolls-Royce boss pushes for UK taxpayer support for new jet engine

The chief executive of Rolls-Royce has pressed ministers for taxpayer support for a new jet engine, on a day the company also announced record profits and promised to give up to £9bn back to shareholders.The £3bn engine project, designed to power smaller commercial planes, would allow Rolls-Royce to re-enter the lucrative short-haul flights market.Tufan Erginbilgiç said on Thursday: “Not supporting it would be a sort of strange thing to do,” given Labour had named advanced manufacturing as a priority in its industrial strategy, released last summer.Rolls-Royce has already spent more than £1bn on the project, while it has reportedly asked the UK government to initially provide between £100m and £200m to develop and test the UltraFan 30 engine.Erginbilgiç said: “There are all sorts of numbers out there

about 5 hours ago
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Leave big tech behind! How to replace Amazon, Google, X, Meta, Apple – and more

A handful of companies monopolise the web, with unprecedented access to our data. But there are many more ethical – and often distinctively European – alternativesThere’s not much to love about big tech these days. So many ills can be laid at its door: social media harms, misinformation, polarisation, mining and misuse of personal data, environmental negligence, tax avoidance, the list goes on. Added to which, Silicon Valley’s leaders seem all too keen to cosy up to the Trump administration, to shower the president with bribes – sorry, gifts – and remain silent about his worsening political overreach. And that’s before we get to the rampant “enshittification”, as the tech writer Cory Doctorow describes it, which means that by design many big tech products have become less useful and more extractive than they were when we originally signed up to them

about 8 hours ago
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Keen bosses, strange mistakes and a looming threat: workers on training AI to do their jobs

Workers grappling with the rapid growth of artificial intelligence have said they feel “devalued” by the technology and warned of a downward trajectory in the quality of work.Recent analysis by the International Monetary Fund found AI would affect about 40% of jobs around the world. Its head, Kristalina Georgieva, has said: “This is like a tsunami hitting the labour market.”Workers who have trained AI models to replace some or all of their roles tell the Guardian about their experiences.‘I now earn less while working longer correcting the mistakes of AI editors’Christie* edits papers for academics for whom English is a second language

about 8 hours ago
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US hockey star Hilary Knight responds to Trump’s ‘distasteful joke’ about women’s team

Hilary Knight, the captain of the US women’s ice hockey team, has responded to comments made by Donald Trump after the Americans won gold at the Winter Olympics, calling the president’s quip a “distasteful joke”.After the US men’s ice hockey team won gold on Sunday, Trump called into the locker-room celebration and invited the players to be his guests at Tuesday’s State of the Union address.“I must tell you, we’re going to have to bring the women’s team,” he said. “You do know that. I do believe I probably would be impeached [if the women’s team wasn’t invited]

about 20 hours ago
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Saracens’ salary cap penalty under scrutiny over conflict of interest claims

Saracens will consider their position over an alleged undeclared conflict of interest at the centre of the disciplinary process into the 2019 salary cap scandal. The club were fined an unprecedented £5.36m for salary cap breaches over the previous three seasons and were relegated to the Championship, but the punishment has come under fresh scrutiny with these new allegations.Saracens point to an allegation made about the accounting firm Saffery Champness and claims that the level of fine handed down was “largely based upon advice provided to PRL”.According to the Daily Telegraph, Saffery Champness was auditor for Sale Sharks at the same time that it gave “impartial expert advice” about Saracens

about 22 hours ago
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Twenty-year-old to testify at US trial about harm from social media addiction

about 17 hours ago
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Nvidia quarterly earnings show immunity to AI bubble fears as it cashes in on datacenter boom

about 20 hours ago
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Top US body-camera maker reports record revenue amid Trump immigration crackdown

about 21 hours ago
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Meta’s AI sending ‘junk’ tips to DoJ, US child abuse investigators say

1 day ago
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Treasury calls in Blair thinktank to advise on using AI across public services

1 day ago
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Facial recognition error prompts police to arrest Asian man for burglary 100 miles away

1 day ago

Ocado to cut 1,000 jobs in £150m cost-saving drive

about 10 hours ago
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Ocado is to cut 1,000 jobs as the retail technology business attempts to slash £150m in costs though a substantial restructuring programme.The company confirmed that about 5% of its global workforce will be affected.About two-thirds of the jobs are expected to go from the UK, where the company is based in Hatfield, Hertfordshire.About half the jobs going are in technology, with the rest made up of support staff.The business, which provides technology for robotic warehouses for supermarket chains, said it plans to scale back research and development, helping it cut about £150m in technology and support costs in 2026.

Tim Steiner, the chief executive of Ocado Group, said it no longer needed as many people to develop new projects after completing work on a new generation of robotic equipment and website and app technology for retailers which it was now delivering to clients around the world.He said the company was also “benefiting from significant productivity enhancements from AI” which was helping to write and check software code so the group could “get more done with less people”.Steiner also admitted that “the market for large automated distribution centres in the US is smaller that we thought it would be”, after a brace of recent setbacks with business partners in North America.He said, however, that demand for Ocado technology was “bigger than ever” because it could put technology, including smaller-scale versions of its robotic equipment, into local stores to help make picking and packing groceries for home delivery more efficient.As part of the overhaul, Ocado will restructure its commercial, support and R&D operations, merging Ocado Solutions and Ocado Intelligent Automation into a single division.

The latest layoffs come only a year after Ocado cut 500 technology roles, saying it was using more AI to help with research and engineering.Steiner said: ““We are grateful to colleagues who are affected by these changes, and whose talent and hard work have made a lasting contribution to Ocado.We will support those impacted through this process.”He said Ocado had “zero expectation of more job cuts” in future years but “business is tough and you have to make difficult decisions sometimes”.Shares in Ocado dived almost 7% on Thursday and the group’s market value is now down by more than a third in the past year after a series of disappointing announcements about its future plans.

Analysts said on Thursday that Ocado had delivered a solid performance in the year to 30 November, after it reported a 12% increase in sales to £1,4bn,The group made an underlying pre-tax loss of £353m, however, similar to the £365m a year before,It plans to open six more robotic distribution centres for its international partners in the next two or three years in Japan, South Korea, the US and Spain, helping to offset recent closures in North America,Ocado said last month that its Canadian partner was closing a warehouse that uses its robots and automation technology.

It announced that Sobeys would be shutting the Calgary facility, saying it was “largely due to the Alberta grocery e-commerce market’s size and the rate of expansion being slower than originally anticipated”.The decision came less than three months after Ocado’s US partner Kroger closed three warehouses.While Ocado is known in the UK as an online grocer, much of its business is built on providing its proprietary software and robotics, known as the Ocado Smart Platform, to other companies to run their delivery operations.The company currently has 30 operational sites around the world.Its UK retail arm is a joint venture with Marks & Spencer and reports separately from the technology business.

Ocado Group said the retail division increased sales by 15% to £3bn and it made an operating loss of £27.5m, narrowing from £48.5m a year before.