Right-wing think tank claims digital markets bill is a ‘recipe for disaster’ September 19, 2023 Proposed legislation to regulate digital markets is a “recipe for disaster” and risks spooking tech companies by handing Britain’s competition watchdog unbridled power, according to a new paper by the Institute of Economic Affairs (IEA). The right-wing think tank has today published a paper which warns the Digital Markets, Competition and Consumers bill (DMCC) will [...]
Urgent reform needed to restore trust in UK constitution, warn think tanks September 19, 2023 An urgent reset is required in order to restore trust in the UK’s constitution, two top think tanks have warned. Faith in Britain’s political system has been shaken after a “tumultuous” string of events — from the Brexit process, the Covid-19 pandemic and the cost of living crisis — a report by the Institute for [...]
Water industry shake-up: Ministers accused of ‘deep-rooted complacency’ September 19, 2023 The government has been accused of “deep-rooted complacency” over water industry regulation in a report by the House of Lords. Peers, who reported on issues such as investment, water supply and wet wipes, have branded the government’s response to its findings one of “dismissive brevity and complacent tone”. It comes after the committee published a [...]
Labour need to find ‘incentive’ for EU to reopen Brexit deal, expert warns September 19, 2023 Labour’s plans to seek a renegotiated Brexit deal with the European Union will require finding an “incentive” for the bloc to reopen talks, an expert has warned. Sir Keir Starmer has pledged to seek a “much better” deal if his party wins the next general election, and said Boris Johnson’s agreement, which is up for [...]
New AI principles hint at pro-innovation future of UK regulation September 19, 2023 Britain’s competition watchdog has set out guidelines to steer the development of artificial intelligence (AI), which lawyers suggest could be a blueprint for a pro-innovation future of AI regulation. The Competition and Markets Authority (CMA) has proposed seven principles to guide the use and development of the foundation models that underpin AI giants like OpenAI’s [...]
Liz Truss: Bank of England mandate should be reviewed after inflation failures September 18, 2023 Former Prime Minister Liz Truss reiterated her claim that the Bank of England should have its mandated reviewed due to its failures to get a grip on inflation.
Brexit: Starmer will seek overhaul of Boris Johnson’s trade deal September 18, 2023 In an interview with the Financial Times, Starmer said he will "attempt to get a much better deal for the UK" in 2025, when the current arrangements come up for review.
Truss: Tories have let the left capture economic consensus – and Sunak’s no better September 17, 2023 LIZ TRUSS will warn today that a lack of supply side reform under Rishi Sunak will lengthen a 25-year-long ‘economic consensus’ that has seen growth effectively flatline across the west.
Proton boss: UK banks won’t function if encryption disappears September 17, 2023 The issue of encryption has become a pressing conundrum for both tech companies and lawmakers involved in the UK’s Online Safety Bill in recent months. Now at least they agree that there is currently no viable technology to access messages without compromising user privacy. Encryption is a crucial way of turning messages into an unreadable [...]
Kim Jong Un inspects Russian bombers, missiles and frigate September 16, 2023 North Korean leader Kim Jong Un has inspected Russia’s nuclear bombers, hypersonic missiles and an advanced warship from its Pacific fleet, during a trip to the country’s far east. After arriving in the city of Artyom by train, Kim travelled to an airport just outside the port city of Vladivostok where Russian defence minister Sergei [...]
