UK (Parliament Politics magazine) – OpenAI and NVIDIA have announced a landmark partnership to deploy at least 10 gigawatts of NVIDIA systems, representing millions of GPUs, for OpenAI’s next-generation AI infrastructure. NVIDIA plans to invest up to $100 billion progressively as each
UK (Parliament Politics magazine) – UK pension savers withdrew a record £70.9 billion from retirement pots in 2024-25, up nearly 36% from the previous year, amid widespread “fear and rumour” about impending budget changes. Experts cautioned against rash decisions driven by speculation
Birmingham (Parliament Politics magazine) – Martin Lewis has warned UK households with savings of £10,000 or more that they could face increased taxation, not on the savings themselves but on the interest generated from those savings. He explains the personal savings allowance
UK (Parliament Politics Magazine) – UK labour market weakens with wages slowing to 4.8% and unemployment steady at 4.7%, signalling rising job losses and economic pressure. As reported by The Guardian, official figures show the UK jobs market is weakening, pay growth
UK (Parliament Politics Magazine) – Citizens Advice says 4.5 million renters rationed energy last winter and urged the government to enforce stricter landlord efficiency standards by 2030. As reported by The Guardian, Citizens Advice, a consumer charity, revealed that over 40% of
UK (Parliament Politics Magazine) – UK interest rates are expected to stay at 4% until 2026 as the Bank of England balances inflation and a weak labour market, economists warn. As reported by The Independent, economists warn that the Bank of England
UK (Parliament Politics Magazine) – UK jobseeker numbers hit a five-year high as firms cut staff and froze hiring, with fears that Rachel Reeves’ tax plans could further strain the labour market. As reported by The Telegraph, jobseeker numbers hit a five-year
UK (Parliament Politics Magazine) – Economist Simon French warned Chancellor Rachel Reeves that “self-defeating” tax rises and inflation are driving UK borrowing costs to 27-year highs. As reported by The Telegraph, Simon French, chief economist at Panmure Liberum, warned Rachel Reeves that
UK (Parliament Politics Magazine) – UK long-term borrowing costs hit 27-year high at 5.68%, forcing Chancellor Rachel Reeves to consider tax hikes or spending cuts before the autumn Budget. As reported by The Guardian, Rachel Reeves faces pressure as UK long-term borrowing
UK (Parliament Politics Magazine) – UK house prices drop 0.1% to £271,079 in August amid high mortgage costs and affordability pressures slowing market activity. As reported by The Guardian, the average UK home price slipped 0.1% to £271,079, falling short of the
