/ Jun 12, 2026
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Author: Jamie Young

Jamie Young

Rachel Reeves’s £22bn fiscal buffer under threat from U-turns and lower migration

Rachel Reeves’s carefully constructed £22 billion fiscal buffer could be eroded by as much as £14 billion as a result of policy U-turns and a sharper-than-expected fall in net migration, raising fresh questions about the durability of the chancellor’s budget strategy. Markets initially welcomed Reeves’s November budget, which more than doubled the government’s fiscal headroom […]
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Jamie Young

Ofcom demands answers from X over claims Grok AI generates sexualised images of children

UK media regulator Ofcom has made “urgent contact” with xAI, the artificial intelligence business owned by Elon Musk, following reports that its Grok chatbot can be used to generate sexualised images of children and non-consensual explicit images of women. The intervention follows widespread concern over Grok’s image-generation capabilities on X, where users have posted examples […]
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Jamie Young

FCA to regulate ESG ratings providers amid transparency and conflict-of-interest concerns

The UK’s financial watchdog is preparing to bring Environmental, Social and Governance (ESG) ratings agencies under formal regulation for the first time, in what is being described as the most sweeping overhaul of sustainable finance rules in the country’s history. The Financial Conduct Authority (FCA) has launched a consultation setting out plans to police the […]
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