
Disposable income in 11 towns and cities has risen twice as fast as rest of UK
Eleven towns and cities in the UK, including Warrington, Barnsley and Wakefield, have seen their disposable incomes rise twice as fast as the rest of the UK over the past decade, a study has found.A report from Centre for Cities, a thinktank, showed that between 2013 and 2023, disposable income for residents of these top performing towns and cities – all in England – rose by an average of 5.2%, compared with an increase of 2.4% for urban areas in the UK overall.The report said that if all 63 of the UK’s largest towns and cities had experienced the same rate of growth as the top 11 performers over this period, people would have pocketed an extra £3,200 on average in disposable income

Gold price tops $5,000 an ounce for first time as investors seek safe haven from Trump turmoil
Gold has jumped above $5,000 an ounce for the first time, as Donald Trump’s chaotic policies and proclamations drive more investors to seek safe harbour in the precious metal.The price of the yellow metal reached a record high of $5,100 on Monday morning, before easing back to settle up 2.2% at $5,089.The historic moment came as Trump threatened Canada with 100% tariffs if America’s northern neighbour “makes a deal with China”, and after the US president’s dramatic showdown with Europe over the future of Greenland.With global financial markets already jittery, there are also rising fears of another US shutdown after Democrats threatened funding for the Department of Homeland Security in the wake of the weekend shooting of a man in Minneapolis by federal immigration agents

More than a quarter of Britons say they fear losing jobs to AI in next five years
More than a quarter (27%) of UK workers are worried their jobs could disappear in the next five years as a result of AI, according to a survey of thousands of employees.Two-thirds (66%) of UK employers reported having invested in AI in the past 12 months, according to the international recruitment company Randstad’s annual review of the world of work, while more than half (56%) of workers said more companies were encouraging the use of AI tools in the workplace.This was leading to “mismatched AI expectations” between the views of employees and their employers over the impact of AI on jobs, according to Randstad’s poll of 27,000 workers and 1,225 organisations across 35 countries. Just under half (45%) of UK office workers surveyed believed AI would benefit companies more than employees.Younger workers, particularly those belonging to gen Z – born between 1997 and 2012 – were the most concerned about the impact of AI and their ability to adapt, while baby boomers – born in the postwar years between 1946 and 1964 and nearing the end of their careers – showed greater self-assurance

US small businesses are doing fine. Don’t believe me? Look at the numbers
Regardless of all the challenges they face, small businesses have been doing pretty well in this country across the board. Don’t believe me? Take a look at some of the latest numbers.For more than 50 years, the National Federation of Independent Businesses (NFIB) has published a monthly report of small-business economic trends, based on a random sample of the organization’s approximately 300,000 member firms. This survey is one of the longest and most consistent of any I follow, using the same questionnaire since 1973. So where do things stand?Last year ended with a second consecutive monthly uptick in small-business optimism, with small-business owners anticipating that economic conditions would remain generally favorable going into 2026

Minnesota workers pressure employers to take action against ICE operations
Some of the US’s biggest companies are coming under increasing pressure to speak out about the Trump administration’s Immigration and Customs Enforcement (ICE)’s operations in Minnesota.Workers throughout Minnesota have been pressuring their employers to act following the death of Renee Good, an unarmed woman killed by a federal immigration officer in Minneapolis earlier this month.The killing on Saturday of Alex Jeffrey Pretti, a 37-year-old Veterans Affairs Hospital ICU Nurse and member of the American Federation of Government Employees (AFGE), intensified those calls from labor unions against ICE.“ICE continues to make everyone less safe, and Minnesota’s Labor Movement repeats and amplifies our call for them to leave our state immediately,” said Bernie Burnham, Minnesota AFL-CIO President, in a statement. “Minnesota’s Labor Movement will continue to actively support and stand in solidarity with every worker who has been unlawfully detained

City minister accused of ignoring £2bn car finance tax loophole
The City minister, Lucy Rigby, has been accused of snubbing taxpayers after she appeared to brush off concerns about a £2bn tax loophole benefiting big banks caught up in the car loans scandal.Rigby was urged to intervene by a member of the parliamentary Treasury committee after it emerged that lenders including Barclays, Lloyds and Santander could sidestep rules designed to ensure banks pay tax on compensation linked to corporate misconduct.Rules introduced in 2015 prevent banks from deducting compensation payouts from their profits before calculating corporation tax, meaning they cannot reduce their tax bill, regardless of the financial impact of their own wrongdoing.However, the Guardian revealed last month that banks will be able to exploit a loophole when they start paying compensation to victims of the £11bn car finance scandal this year. Their motor finance divisions are registered as “non-bank entities”, even though they are part of the larger banking groups, placing them outside the scope of rules

AI systems could use Met Office and National Archives data under UK plans

Sam Altman’s make-or-break year: can the OpenAI CEO cash in his bet on the future?

AI needs to augment rather than replace humans or the workplace is doomed | Heather Stewart

Google AI Overviews cite YouTube more than any medical site for health queries, study suggests

How the ‘confident authority’ of Google AI Overviews is putting public health at risk

Latest ChatGPT model uses Elon Musk’s Grokipedia as source, tests reveal
‘A southern economy in the north’: how Warrington has adapted to change
