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Bank of England warns of AI bubble risk
Posted onArchie MitchellBusiness reporter PA Media The Bank of England has warned of a “sharp correction” in the value of major tech companies with growing fears of an artificial intelligence (AI) bubble. It said share prices in the UK are close to the “most stretched” they have been since the 2008 global financial crisis, while equity…
Head teachers’ union demands action over ‘failing’ pension scheme
Posted onBBC Joanne Hurst’s retirement plans have been thrown into “disarray” because of delays by the Teachers’ Pension Scheme The head teachers’ union has demanded action from the Department for Education (DfE) to address what it describes as the “failing” Teachers’ Pension Scheme. The National Association of Head Teachers (NAHT) said there was a litany of…
UK economy grew slightly in August ahead of key Budget
Posted onNick Edserbusiness reporter Getty Images The UK economy grew slightly in August, official figures show, as focus intensifies on what measures the government might unveil in next month’s Budget. An increase in manufacturing output helped the economy expand by 0.1%, the Office for National Statistics (ONS) said, but the figure for July was revised down…
