Accenture ‘links staff promotions to use of AI tools’

Consulting firm keen to increase uptake of technology and is reportedly monitoring adoption by workforce

Accenture has reportedly started tracking staff use of its AI tools and will take this into consideration when deciding on top promotions, as the consulting company tries to increase uptake of the technology by its workforce.

The company told senior managers and associate directors that being promoted to leadership roles would require “regular adoption” of artificial intelligence, according to an internal email seen by the Financial Times.

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Ministers must end ‘barking mad’ restraints on civil service pay, union leader warns

Exclusive: Prospect boss Mike Clancy cites problems retaining technical and digital experts

Ministers must end “barking mad” restraints on civil service pay or risk being unable to recruit the technical and digital specialists it needs to keep pace, a union leader has warned.

Mike Clancy, the Prospect general secretary, said the government should end the “rightwing trope” that restrained the pay of highly skilled civil servants and left government unable to compete with the private sector. He said it should be realistic for senior specialists in competitive fields to be paid more than the prime minister.

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Retailers in UK plan to cut staff hours and jobs amid rising employment costs

BRC survey finds finance bosses expect technology to improve productivity, with 69% pessimistic about the economy

UK retailers are planning to cut staff hours and jobs amid rising employment costs and pessimism about the economy.

Almost two-thirds (61%) of finance bosses at retail companies said they planned to reduce working hours or cut overtime, according to the latest survey from the British Retail Consortium (BRC), the trade body that represents most big retailers. More than half (55%) said they would cut head office jobs and 42% said they would reduce jobs in stores.

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Household energy bills in Great Britain forecast to fall by £117 a year

Consultancy’s prediction comes after Rachel Reeves said green subsidy costs would be removed from domestic bills

Household energy costs in Great Britain are expected to tumble by an average of £117 a year from April after Rachel Reeves announced in November’s budget that the cost of green subsidies would be removed from domestic bills.

The government’s quarterly cap on energy bills is forecast to fall after the chancellor’s decision to shift the levies used to support renewable energy projects into general taxation, and scrap a bill payer-funded energy efficiency scheme, according to Cornwall Insight, a leading energy consultancy.

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With Australian private health insurance premiums set to jump by 4.41%, will policies deliver more or just cost more?

The biggest premium hike in 10 years prompts questions, as government incentives continue to drive people to take out cover merely to avoid tax penalties

The government has approved a 4.41% private health insurance premium rise from April – the largest hike in almost 10 years.

With consumers already grappling with cost-of-living pressures, including an interest rate rise earlier in February, more Australians are likely to be wondering whether keeping their private health insurance is worth it.

Melissa Davey is Guardian Australia’s medical editor

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US and Japan unveil $36bn of oil, gas and critical minerals projects in challenge to China

Donald Trump says deals ‘end our foolish dependence on foreign sources’, while Japanese PM hails enhanced economic security

Japan has drawn up plans for investments in US oil, gas and critical mineral projects worth about $36bn under the first wave of a deal with Donald Trump.

The US president and Sanae Takaichi, Japan’s prime minister, announced a trio of projects including a power plant in Portsmouth, Ohio, billed by the Trump administration as the largest natural gas-fired generating facility in US history.

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Boost to British Steel as Turkey places high-speed rail order

‘Eight-figure agreement’ made to supply new line between Ankara and İzmir – but questions over plant’s future remain

British Steel has secured an order worth tens of millions of pounds to supply rail for a high-speed electric railway in Turkey, amid continuing uncertainty over the long-term future of the government-controlled steelworks in Scunthorpe.

The site will supply 36,000 tonnes of rail to ERG International Group, the company announced, in what it called an “eight-figure agreement”.

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Bid by Gina Rinehart’s company to build helipad set to be blocked by City of Perth

Hancock says facility is ‘modern necessity’ but opponents argue the noise would disrupt local businesses

Gina Rinehart’s company has claimed helicopter pads are a necessity of modern business as it fights to install one at its new headquarters in West Perth.

The City of Perth on Tuesday recommended councillors block the request from Hancock Iron Ore to install a helipad as it redevelops its offices.

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OBR says its inadvertent release of budget report is ‘worst failure’ in its 15-year history – UK politics live

Office for Budget Responsibility says Rachel Reeves ‘had every right to expect that the [report] would not be publicly available until she sat down at the end of her budget speech’

Q: Yesterday you said Rachel Reeves was lying. Today you are saying she gave out false information. Are you still accusing her of being a liar?

Badenoch replies: “Yes.”

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Manchester-London 7am ‘ghost train’ to carry passengers after outcry over regulator’s decision

Avanti service was to have been axed from mid-December but would have still run because of needs out of Euston

The express Manchester-London 7am Avanti service will take passengers after all, after the rail regulator conceded defeat in the face of public outcry over a ruling that would have left it running as an empty “ghost train” each day.

The 7am train, the only service linking the cities in under two hours, was set to be axed from the passenger table from mid-December – but would, as the Guardian reported on Saturday, have kept running empty from Piccadilly each day so it could run morning trains back out of Euston.

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OBR says inadvertent budget leak is ‘worst failure’ in its 15-year history

Investigation finds organisation’s leadership over many years was to blame for error, and similar breach happened earlier this year

Britain’s budget watchdog has said the early leak of its budget documents before Rachel Reeves made her speech was the “worst failure” in its 15-year history as it emerged a similar breach had occurred earlier this year.

The Office for Budget Responsibility (OBR) said an investigation had found that the leadership of the organisation, over many years, was to blame for the early release of its Economic and Fiscal Outlook (EFO) document online nearly an hour before Reeves’s address last Wednesday.

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Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade ago

Switzerland’s federal prosecutor has filed charges against the failed bank Credit Suisse and its new owner, UBS, over the long-running “tuna bonds” loan scandal that crashed Mozambique’s economy nearly a decade ago.

The Swiss attorney general said on Monday that it had brought money-laundering charges against an unnamed employee of Credit Suisse, but was also taking action against the lender and its rival-turned-owner UBS.

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Is gen Z’s love of fried chicken pushing Britain to ‘peak pizza’?

Competition intensifies as former chief of Domino’s says days of ‘massive growth’ are over

Pizza has become ubiquitous on British dinner plates, with chains such as Pizza Express, Franco Manca, Domino’s and Goodfella’s dominating the market – but is its popularity starting to cool?

Domino’s Pizza Group announced this week that its chief executive of two years had stepped down with immediate effect, less than two weeks after he appeared to suggest the UK may be approaching “peak pizza”.

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People deriving income solely from state pension won’t be taxed, says chancellor

Clarification creates prospect of two-tier system for retirees solely on new state pension and those on private schemes

People who rely only on their state pension for their income will not have to pay tax on it, the chancellor, Rachel Reeves, has said, creating the prospect of a two-tier system for those in retirement.

The new state pension is poised to rise to £241.30 a week next April, putting the annual income for someone receiving the standard payment at £12,547 – just below the personal tax allowance of £12,570 a year.

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UK energy bill payers will hand £2bn a year to EDF for new power stations

French government-owned company to receive funding for Hinkley Point C and Sizewell C

UK energy bill payers will hand over £2bn a year in subsidies to EDF, the French company building two new nuclear power stations, according to government figures.

EDF, owned by the French government, will be entitled to £1bn in annual payments as soon as Hinkley Point C, in Somerset, comes on to the grid in 2030.

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Pub chain Mitchells & Butlers faces £130m hit from rising wage and food costs

Group, which also owns restaurant brands including Toby Carvery, feels impact of increase in employer NICs

The All Bar One owner, Mitchells & Butlers, has warned that it is facing about £130m in extra costs over the next year because of a soaring wage bill and rising food prices.

The group, which also owns brands including Toby Carvery, Harvester and Miller & Carter, said the cost increases were largely being driven by April’s increases to the minimum wage and employers’ national insurance contributions.

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US regulators ‘taking seriously’ allegations of bankers’ support for Epstein

Exclusive: It follows calls from US senator Elizabeth Warren to investigate bank executives including ex-Barclays boss Jes Staley

US regulators say they are taking allegations that top banks may have facilitated Jeffrey Epstein’s criminal activity “very seriously”, as they faced calls to investigate executives including the former Barclays boss Jes Staley.

In correspondence seen by the Guardian, bosses from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) said they had reviewed a letter from the Democratic senator Elizabeth Warren, which raised concerns over bankers’ alleged support for the convicted child sex offender Epstein.

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Canada minister resigns from cabinet over Carney’s controversial oil pipeline deal

Minister Steven Guilbeault says Indigenous nations were not consulted and the pipeline would have ‘major environmental impacts’

Mark Carney has agreed an energy deal with Alberta centred on plans for a new heavy oil pipeline reaching from the province’s oil sands to the Pacific coast, a politically volatile project that is expected to face stiff opposition.

The move proved politically damaging within hours, with the minister of Canadian culture, Steven Guilbeault, who is the former environment minister, announcing he would leave cabinet. Guilbault, a former activist and lifelong environmental advocate, said he strongly opposed the plan.

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Starmer says budget did not break manifesto tax pledge – as it happened

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’

The Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.

On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.

I don’t think children should be punished by this pernicious policy any longer. And the cost to society of this is huge, the cost for councils of temporary accommodation, when people can no longer afford the rent, putting families in B&Bs, kids having to move to school all the time because parents have moved from B&B to another lot of temporary accommodation, and there’s costs for years to come, because all the evidence shows that kids that are growing up poor are less likely to get into work and more reliant on the welfare state in the future for them.

So this is a good investment in those kids, to give them the chances that I want for my kids, and everyone wants for their kids. It also saves money for taxpayers on that accommodation, on those additional health costs, and ensuring that those kids grow up to be productive adults.

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Soup firm Campbell’s dismisses executive over alleged ‘poor people’ comments

Senior figure allegedly referred to customers buying ‘highly processed food’ and denigrated Indian employees

Campbell’s has dismissed an executive who allegedly referred to the soup company’s products as being made for “poor people” and denigrated its Indian employees.

Martin Bally, who was the vice-president of Campbell’s information technology department, was recorded making the alleged comments by another employee.

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