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UK chancellor named as backing the Sovereign AI Unit launch.
David Reuben, worth nearly £28bn with his brother Simon, has left the UK for Monaco. By one count, billionaires worth £121bn have left or loosened UK ties since 2024, though for UK firms the open question is whether their capital follows them.
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Car lenders including Volkswagen's finance arm say in court filings that the FCA won't share the data and code behind its £9.1bn redress scheme. Consumer Voice is attacking the same calibration from the other side, demanding the FCA's Treasury correspondence.
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Bosses of Barclays, HSBC, Lloyds and three other lenders make their tax case to John Healey on Tuesday, just over four weeks before his first Budget. Signals from his Treasury leave lenders that wanted the 3% surcharge phased out defending against a rise.
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Ministers are weighing a new select committee, an audit body and even recall for England's mayors as more income tax revenue heads their way. For combined authorities, the scrutiny attached to that money now matters as much as the size of the tax share.
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The Cambridge company says routing agentic work across Nvidia, AMD and Google chips doubles accuracy at a quarter of the cost. No customer has confirmed those numbers.
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