1 Pro-car policies and measures to expand North Sea oil and gas exploration will feature in the King’s Speech, The Times understands. Local authorities will find it harder to introduce 20mph speed limits and schemes such as London’s ultra-low emission zone under measures being introduced by Rishi Sunak.
2 The rise of artificial intelligence inevitably will lead to job losses, Michelle Donelan, the technology secretary, has indicated before the government’s AI safety summit at Bletchley Park this week.
3 Amanda Blanc, the boss of Aviva, one of Britain’s biggest insurers, has sounded the alarm over the government’s decisions to weaken its climate policies and expand North Sea oil and gas production.
4 Hargreaves Lansdown has fired a warning shot at Peter Hargreaves, its billionaire
co-founder, after the tycoon, 77, publicly attacked bosses at the FTSE 100 wealth manager.
5 Mike Ashley’s Frasers Group has sold the Missguided brand and intellectual property rights to Shein, a fast-fashion company founded in China, for an undisclosed sum, just over a year after it bought the online fashion retailer.
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6 With the number of people aged over 80 in the UK forecast to rise by a million to 4.5 million by 2032, research from Savills has found that 144,000 more care home beds will be required to meet demand.
7 New graduates face an increasingly tough jobs market, with advertised roles down by a third from last year. Data from Adzuna, the jobs website, shows about 23,300 job vacancies were advertised for graduates last month, down from 34,300 in September 2022.
8 Britain is leading the race to invest in artificial intelligence in Europe, but manufacturers have warned of a looming skills shortage. Private investment in the UK reached £3 billion last year, with companies securing nearly double the funding of France, Germany and the rest of Europe combined.
9 Ben Read, a former sergeant, is the founder of the London-based company Redeployable, which has a mission to prove that employing people with a military background can offer a competitive advantage for businesses. He is part of a new cohort of entrepreneurs building technology start-ups that help veterans to navigate the move into civilian careers. Redeployable uses “smart-matching” software to link veterans to technology roles.
10 OakNorth Bank is joining forces with the education charity Founders4Schools to provide mentoring for 100,000 secondary school students to encourage them to consider entrepreneurship and other careers using science, technology, engineering or maths skills.