News

The Royal Society for the Prevention of Accidents (RoSPA) has launched a new expert-led commission to examine the future of occupational safety and health (OSH) skills in the UK, amid growing concerns over workforce shortages and rising pressures on safety professionals. Convened in partnership with Speedy Hire, the OSH Skills Commission brings together leading figures from across industry, trade unions and professional bodies to develop practical solutions to skills challenges that threaten workplace safety and...

London-based energy technology company Tem has raised $75 million in fresh funding as it looks to expand internationally and accelerate the rollout of its AI-driven platform designed to cut business electricity bills by up to 30 per cent. The funding round was led by Lightspeed Venture Partners and is understood to value the four-year-old company at around $300 million. Tem plans to use the capital to further develop its technology and scale its operations in...

Official Budget forecasts were accessed almost 25,000 times before their formal release after a leak at the Office for Budget Responsibility, according to a new investigation by the UK’s cyber security authorities. A report by the National Cyber Security Centre found that documents prepared by the Office for Budget Responsibility were downloaded on “at least” 24,701 occasions in the hour before Rachel Reeves delivered her Budget speech on 26 November. The figure is far higher...

Barclays is turning to artificial intelligence to power the next phase of its turnaround, as the bank targets around £2 billion of cost savings and commits to returning more than £15 billion of surplus capital to shareholders by the end of 2028. C.S. Venkatakrishnan, the chief executive, widely known as Venkat, said the bank would pursue about £2 billion of gross efficiency savings over the next three years, alongside increased investment in technology, including AI,...

The UK Government has confirmed a new wave of onshore renewable energy projects under the Contracts for Difference scheme, following last month’s record-breaking offshore wind auction. Results from Allocation Round 7 (AR7) show 4.9GW of solar and 1.3GW of onshore wind capacity secured across Britain, reinforcing the pace at which clean power is being rolled out across the country. Solar projects were awarded contracts at a strike price of £65.23 per megawatt hour (in 2024...