Money Moves

Mustafa Suleyman, head of artificial intelligence (AI) at Microsoft, has raised concerns about an emerging phenomenon termed “AI psychosis.” This condition describes a non-clinical reaction where individuals increasingly rely on AI chatbots—like ChatGPT or Claude—and mistakenly perceive these interactions as real or sentient, despite the absence of any AI consciousness as defined by human standards. […]

The UK government is poised to take control of Speciality Steels UK (SSUK), the nation’s third-largest steelworks, in an effort to safeguard approximately 1,500 jobs. The move follows ongoing financial instability at the company, which is owned by Liberty Steel and utilizes scrap metal to produce steel. The future of SSUK is in jeopardy due

Chancellor Rachel Reeves faces significant challenges in preparation for the upcoming Budget in November. Economists have noted that she may be positioned to exceed her own government borrowing guidelines unless she identifies substantial funding to balance public spending against tax revenue. In light of this financial gap, various reports indicate that the government is contemplating

The new manager of the Gloucester Foodbank expressed surprise at the escalating demand for its services. Established in 2005, the foodbank has seen the annual provision of food parcels double over the past five years to exceed 17,000. Vicky Ranford, the current manager, noted that her understanding of the foodbank’s demand changed significantly upon starting

The cost of food items, including staples such as instant coffee, beef, and fruit juices, has continued to rise for four consecutive months. Recent inflation data indicates that prices for food and non-alcoholic beverages increased by 4.9% in July, marking the highest annual inflation rate for food and drink since February 2024. This trend prompts

A recycling charity based in Devon is providing free school uniform items at its branches throughout the year. The initiative aims to help alleviate the financial pressures faced by families, particularly in light of rising living costs. The most recent branch to implement this program is Refurnish’s shop in Tiverton. Shop manager Figgy Chambers noted

In July, UK prices experienced a year-on-year increase of 3.8%, primarily attributed to a rise in airfares linked to the school summer holidays. This marks the highest inflation rate since January 2024, exceeding the Bank of England’s target of 2%. The Office for National Statistics (ONS) noted that additional factors contributing to the price rise

Rental homes in East Yorkshire are currently in short supply, leading to significant competition among potential tenants for available properties. Statistics indicate that private renters in England, earning a median income, can expect to allocate more than one-third of their income to average rental costs, raising concerns about affordability in the housing market. Donna Coupland,

The final batch of £1 coins featuring the late Queen Elizabeth II is set to enter circulation, with over 23 million of these coins being distributed to various outlets. The Royal Mint has announced that these coins, dated 2021 and 2022, signify a significant change in British coinage history. In addition, approximately 7.5 million new

The White House announced on Tuesday that discussions are underway regarding a potential agreement for the U.S. government to acquire a 10% stake in the semiconductor company Intel. This move is characterized by White House Press Secretary Karoline Leavitt as a step to prioritize national security and economic interests. The proposed deal may involve exchanging