Labour needs to make its priorities clear to everyone | Letters
UK government pledges further £590m for delayed Lower Thames Crossing
The government has pledged a further £590m towards Britain’s biggest road-building project, the controversial and long-delayed Lower Thames Crossing.In March, the transport secretary gave formal approval to the new road tunnel under the Thames joining Essex and Kent. The £9.2bn project will comprise more than 14 miles of roads including the 2.6-mile crossing near Thurrock, Essex
Thames Water must be held to account | Letters
So creditors wishing to take over Thames Water want the company and its senior management to be granted clemency from rules on sewage spills and environmental protection (Bidders demand Thames Water granted immunity over environmental crimes, 7 June). The rights of investors, it would seem, should prevail over the rights of communities to a clean environment.It is the failure of rigorously enforced regulation that led to the mismanagement of Thames Water, with loans being used to increase shareholder dividends and bloated bonuses for incompetent managers. In many countries the law can now be used to confiscate private assets gained from immoral activities, such as drug-running and prostitution. There is no reason why those who accrue wealth through the degradation of the natural environment should be treated any differently
AI could lead to more job cuts at BT, says chief executive
The chief executive of BT has said that advances in artificial intelligence could presage deeper jobs cuts at the FTSE 100 telecoms company, which has already outlined plans to shed up to 55,000 workers.Two years ago, the company said that between 40,000 and 55,000 jobs would be axed as it set out to become a “leaner” business by the end of the decade.However, in a weekend interview, its chief executive, Allison Kirkby, said the plan, which includes stripping out £3bn of costs, “did not reflect the full potential of AI”.“Depending on what we learn from AI … there may be an opportunity for BT to be even smaller by the end of the decade,” Kirkby said in an interview with the Financial Times.BT, which is the biggest broadband provider in the country, laid out plans in 2023 to cut the size of its workforce, including contractors, by 2030
Policymakers who think AI can help rescue flagging UK economy should take heed | Heather Stewart
From helping consultants diagnose cancer, to aiding teachers in drawing up lesson plans – and flooding social media with derivative slop – generative artificial intelligence is being adopted across the economy at breakneck speed.Yet a growing number of voices are starting to ask how much of an asset the technology can be to the UK’s sluggish economy. Not least because there is no escaping a persistent flaw: large language models (LLMs) remain prone to casually making things up.It’s a phenomenon known as “hallucination”. In a recent blogpost, the barrister Tahir Khan cited three cases in which lawyers had used large language models to formulate legal filings or arguments – only to find they slipped in fictitious supreme court cases, and made up regulations, or nonexistent laws
‘We’re being attacked all the time’: how UK banks stop hackers
It is every bank boss’s worst nightmare: a panicked phone call informs them a cyber-attack has crippled the IT system, rapidly unleashing chaos across the entire UK financial industry.As household names in other industries, including Marks & Spencer, grapple with the fallout from such hacks, banking executives will be acutely aware that, for them, the stakes are even higher.Within hours of a successful bank hack, millions of direct debits could fail, leaving rents, mortgages and wages unpaid. Online banking may be blocked, cash machine withdrawals denied, and commuters left in limbo as buses and petrol stations reject payments. News of the attack could spark panic, leading to a run on rival lenders, as customers pull money from their accounts amid fear the disruption could spread
Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans
Rachel Reeves is braced for revised forecasts by the Office for Budget Responsibility (OBR) to blow a £20bn hole in her tax and spending plans before the autumn budget.Even without changing the totals the chancellor set out in her spending review on Wednesday, a weaker forecast from the the Treasury’s independent watchdog could force her to find significantly more money at the budget to meet her “non-negotiable” fiscal rules.Reeves has said repeatedly that flexing her fiscal rules – designed to provide certainty over UK public finances – is not an option even if the economic outlook deteriorates.At her spring statement, she left herself on course to meet those rules with less than £10bn of headroom to spare, on a total budget for day-to-day spending of more than £1.3tn
UK ‘woefully’ unprepared for Chinese and Russian undersea cable sabotage, says report
Labour needs to make its priorities clear to everyone | Letters
Keir Starmer in diplomatic push to head off Middle East crisis before G7 summit in Canada
Rachel Reeves accused of leaving devolved nations in red after NICs rise
Rachel Reeves defends Starmer’s delay in launching grooming gangs inquiry
China considers lifting sanctions on UK parliamentarians as relations warm