Letting banks loose is back on the agenda as UK politicians chase growth at any cost

As the old ways of turning a profit become more difficult – from assembling cars to selling soap powder – politicians of all stripes want the City to inject some dynamism into the economy.From Labour to Reform, the siren call of London’s financial district is strong. If only, they ask, the wheels of the banking industry could be cranked to spin faster, surely much more money could be generated and we would all be rich.While Rachel Reeves boasted of the huge benefit to economic growth from public investments in rail and renewable energy as central pillars of the government’s spending review, in truth it is not enough to propel the economy forward.To generate the kind of income that will pay for the next 30 years of an ageing society, plans to link Manchester and Liverpool by a marginally faster and more reliable train, though good in itself, is not the answer

Grilled cheese shop offers Minnesotans a second chance after prison

All Square, a neon-lit diner in Minneapolis, specializes in grilled cheese sandwiches with a twist. Variations on the menu include Jamaican jerk chicken with guava jam, brown sugar bacon doused in ranch dressing, and Granny Smith apple slices coated in brie and mozzarella.But the sandwich shop offers more than elevated comfort food. All Square, which also operates a food-truck catering service, exclusively hires formerly incarcerated Minnesotans.“It started with the idea of: how do we respond to this systemic issue of excluding formerly incarcerated folks from, well, everything once we welcome them home?” said Emily Hunt Turner, a civil rights lawyer who founded the restaurant in 2018

Workers in UK need to embrace AI or risk being left behind, minister says

Workers in the UK should turn their trepidation over AI into “exhilaration” by giving it a try or they risk being left behind by those who have, the technology secretary has said.Peter Kyle called on employees and businesses to “act now” on getting to grips with the tech, with the generational gap in usage needing only two and a half hours of training to bridge.Breakthroughs such as the emergence of ChatGPT have sparked an investment boom in the technology, but also led to forecasts that a host of jobs in sectors ranging from law to financial services will be affected.However, Kyle said: “I think most people are approaching this with trepidation. Once they start [using AI], it turns to exhilaration, because it is a lot more straightforward than people realise, and it is far more rewarding than people expect

Tell us: what questions do you have about the impacts of smartphones on children?

A quarter of three- and four-year-olds in the UK now own a smartphone, but the impact of that is still being understood. From endless scrolling to constant notifications, smartphones expose children not just to their friends and classmates, but to a world of advertising, influencers, and algorithms. But how is all of this shaping how children see themselves, relate to others, and develop emotionally?In a video series on our It’s Complicated Youtube channel, we’re speaking to experts to explore how smartphones might be affecting children’s mental health, attention, self-esteem and relationships. Are social apps making kids more anxious? What happens when children are targeted by ads that shape their sense of identity from a young age? What do we know, and what don’t we yet understand, about growing up in a world where you’re always online?We want to hear from you. What have you always wondered about children and smartphones? Whether you’re a parent, teacher, or just someone curious about the long-term effects, fill out the form below to share your questions

Hitchins dismantles Kambosos inside eight to retain 140lb title at Garden

Richardson Hitchins delivered a career-best performance on Saturday night at the Theater at Madison Square Garden, stopping George Kambosos Jr with a withering body shot in the eighth round to retain the IBF’s version of the light welterweight championship.In his first defense of the 140lb belt, and his first time headlining a card in his hometown, Hitchins (20-0, 8 KOs) controlled every round before putting Kambosos down with a sharp left hook to the midsection. The Australian rose to his feet before the count of 10, but referee Michael Griffin waved off the fight as Kambosos visibly grimaced in pain, unable to continue.“I’ve been telling the boxing world I was coming and they should have listened,” Hitchins said afterwards. “I told his dad, if you love your son, you’ll stop the fight

Tyrrell Hatton cool but Matt Fitzpatrick rages as Sam Burns keeps US Open lead

If a quiz question was to ask which English golfer a) lacerated the setup at the US Open, as another b) fired himself into contention before offering a much calmer assessment, the answers from the vast majority of observers would be obvious: a) Tyrrell Hatton, b) Matt Fitzpatrick. The reality at Oakmont was the complete opposite.First to Fitzpatrick. The 2022 champion finds himself unimpressed by this golfing brute, as he was happy to declare after a third round of 72 left him nine over par. “I personally don’t think it’s fair,” said the Yorkshireman