Weekly Digest – 13 August 2024
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
What went right this week: the good news you should know about
Communities rallied against racism, the UK’s water regulator clamped down on polluting firms and a refugee made Olympic history, plus more good news.
A week of unrest – and a week of silence from big tech
Experts suggest strategies for resilience, such as diversification and innovation, to navigate uncertain times.
UK Government cancels £1.3 billion AI and tech funding amid economic tightening
In a significant policy shift, the UK government has cancelled £1.3 billion in funding earmarked for artificial intelligence (AI) and technology research and development, as part of broader efforts to stabilise the economy.
Mapped: See all the bank closures near you
Some 10 banks are closing every week in the UK – what does it mean for you?
HMRC late payment interest rates to be revised after Bank of England cuts base rate
HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 5%.
UK revises up 2022 economic growth to +4.8%
The UK has revised its economic growth forecast for 2022 to 4.8% and 2024 to 2.7%, reflecting a positive outlook.
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