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How the chaos at OpenAI has unfolded – and why it matters
Sam Altman – the public face of ChatGPT maker OpenAI – has returned to the company just days after his shock ousting.Not being “consistently candid in his communications” was the charge laid at his feet by the board when the stunning decision to remove him was announced on Friday. But within days, the 38-year-old was …
Business
Sky News
National insurance to be cut from 12% to 10% – but tax burden to remain at record high
National insurance is to be cut by two percentage points, the chancellor has announced.In a boost to employees’ pay packets, Jeremy Hunt told the Commons that the main 12% national insurance rate would fall to 10% from 6 January – saving those on an average salary of £35,000 over £450 a year. In his autumn …
Business
Sky News
Ousted Sam Altman to return as OpenAI chief executive
ChatGPT maker OpenAI says it has agreed a deal for Sam Altman to return as chief executive after he was ousted by its board.The agreement “in principle” involves a new board being installed, the company said. In a post on X, OpenAI said: “We have reached an agreement in principle for Sam Altman to return …
Business
Euro News
Inflation, tax cuts, pensions : All you need to know about the UK’s economic plans for 2024
Business
Euro News
Financial crime and Russian oligarchs: How Cyprus vows to crackdown
Business
Sky News
Autumn statement unlikely to put big dent in tax burden – here’s why
It’s autumn statement time.Once upon a time, these winter budgets used to be brief updates on the fiscal forecasts, never overshadowing the far more substantial main budget in the spring. Or at least so we’re told. In practice, for as long as I’ve been covering economics, the autumn statement (or, as Gordon Brown used to …
Business
Euro News
Housing crisis biggest concern for voters at Dutch election
Business
Sky News
Women’s football revamp thrown into doubt after rebellion
Hopes of establishing a unified commercial structure for the top two tiers of women’s football in England have been dealt a blow after Championship clubs indicated their rejection of a proposed funding and governance model.Sky News understands that a majority of sides in the game’s second division have rejected proposals for a “newco” to take …
Business
Sky News
Two million Britons to get pay rise from April
The national living wage will rise to £11.44 per hour from April.Chancellor Jeremy Hunt has announced he is accepting the recommendation from the Low Pay Commission – an increase of £1.02 from the current rate of £10.42. According to the Treasury, it is the largest ever cash increase to the rate – and is equivalent …
Business
Sky News
Bank of England governor dismisses prospect of interest rate cuts
Markets are underestimating how persistent inflation will be in the next year and interest rates are likely to remain high as a result, the governor of the Bank of England has said.Andrew Bailey told MPs that Bank rate is likely to be kept at an elevated level for a “significant” period in order to bring …
Business
Sky News
Fiscal headroom, inheritance tax, thresholds – what key autumn statement terms mean
Big financial announcements such as the autumn statement can be jammed with jargon – so we have produced a glossary of some key terms to help you navigate the day.Chancellor Jeremy Hunt will get to his feet today in the House of Commons to deliver his end of year tyre-kicking of the UK economy. Here …
Business
Sky News
Deliveroo riders are not employees, Supreme Court rules
Deliveroo delivery riders are not employees, the UK’s highest court has ruled.The Supreme Court said people working for Deliveroo couldn’t be considered employees because they don’t have specified hours, can work for rival companies, and can appoint someone to work in their place. The arrangement between Deliveroo and its riders is “fundamentally inconsistent with any …

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