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☆ Labour's Sadiq Khan wins re-election as London mayor
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: +1 min

Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Sadiq Khan was re-elected as London's mayor, final results showed on Saturday, helping to cement the Labour Party's commanding lead over the governing Conservatives in local elections ahead of Britain's national vote later this year. For Labour, London is the latest of a number of councils and mayoralties it has won in the local elections, which took place on Thursday, inflicting heavy losses on Prime Minister Rishi Sunak's Conservatives. Opinion polls predict that Labour will win the next national election, propelling its leader Keir Starmer to power and ending 14 years of Conservative government in Britain. Khan, 53, who became the first Muslim mayor of the British capital in 2016, has pledged to build more social housing and work with a future national Labour government to boost police capacity.

Persons: London Sadiq Khan, Sadiq Khan, Rishi Sunak's, It's, Khan, Susan Hall, Keir Starmer, Rishi Sunak Organizations: U.S, Labour, Conservatives, Tory, Conservative, Labour Party, Labour government Locations: London, Britain

New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. The opposition Labour Party won a Blackpool South by-election, taking the seat from the Conservatives. The Reform UK party, founded by Brexit proponent Nigel Farage, came in third. Labour leader Keir Starmer posted on the social media platform X that the "swing towards Labour in Blackpool South is historic." Angela Richardson, deputy chair of the Conservative Party, told the BBC the result "was not unexpected," especially given the circumstances that sparked the by-election.

Persons: Chris Webb, Rishi Sunak's, David Jones, Nigel Farage, Scott Benton's, Keir Starmer, Angela Richardson Organizations: New Labour Party, Blackpool South, Blackpool, LONDON, Rishi Sunak's Conservative Party, Labour Party, Conservatives, New Labour, Conservative, Reform UK, Labour, Conservative Party Locations: Blackpool, England, Britain

☆ Labour opposition deals another historic blow to UK PM Rishi Sunak with by-election defeats
▼ + stars: | 2024-02-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Winning candidate Gen Kitchen said the result was a "stunning victory for the Labour Party and must send a message from Northamptonshire to Downing Street." LONDON — U.K. Prime Minister Rishi Sunak's ruling Conservative Party suffered another double by-election defeat on Thursday, as the opposition Labour Party's momentum shows no sign of slowing. The double defeat of Thursday was the latest in a string of unfavorable by-election results for the ruling party in what were previously considered safe seats. "I was very pleased last night to see that we were clearly getting Tory switchers, in other words people who hadn't voted for the Labour Party before, coming out last night and voting for the Labour Party in a by-election." The Labour Party maintains a lead of more than 20 points over the Conservatives in all national polling, with a general election due no later than January 2025.

Persons: Kitchen, Peter Bone, —, Rishi Sunak's, Helen Harrison, Gen Kitchen, Chris Skidmore, Damien Egan, Keir Starmer, Tory switchers, hadn't, Boris Johnson, Robert Ford Organizations: Labour, Labour Party, Downing, Conservative, Conservatives, LONDON, Conservative Party, Kettering Leisure Village, Tamworth, Liberal Democrats, BBC, University of Manchester, CNBC Locations: Northamptonshire, Wellingborough , Northamptonshire, KETTERING, England, Wellingborough, Kettering, Kettering , England, Kingswood , South Gloucestershire, North, Kingswood, Mid Bedfordshire, West Midlands, Selby, Ainsty, Somerton, Frome

☆ As London loses another listing, analysts are wary of writing off the UK capital
▼ + stars: | 2024-02-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The offices of London Stock Exchange Group Plc, right, in Paternoster Square in the City of London, UK. Bloomberg | Bloomberg | Getty ImagesLONDON — TUI became the latest company to ditch its share listing in London, as shareholders voted overwhelmingly for the German travel giant to list solely in Frankfurt. Around 77% of transactions in TUI shares are currently settled via Germany, with the U.K. now accounting for less than a quarter. U.K. stocks are trading at a considerable discount to the rest of Europe, having suffered an investor flight in recent years. London still a contender London has also suffered a number of de-listings and high-profile IPO snubs over the past year.

Persons: TUI, Frankfurt's, Mathias Kiep, London, SoftBank, Rishi Sunak's Organizations: London Stock Exchange Group, City of, Bloomberg, Getty, London Stock Exchange, CNBC, Nasdaq Locations: Paternoster, City, City of London, London, Frankfurt, Hannover, Germany, TUI, Europe

☆ UK Opposition Labour Party Pledge Productivity Fix in Latest Pitch to Business
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain's opposition Labour Party will pledge to fix Britain's stagnating productivity at a conference for businesses on Thursday, its latest charm offensive to companies and investors ahead of a national election expected this year. Keir Starmer, leader of the left-leaning party, will tell assembled executives that Labour will "get under the bonnet to fix an unprecedented stagnation in British productivity growth." "The depth of the changes we've made to transform the Labour Party's relationship with business is something I take immense pride in," he will say, according to extracts released by the party. Ahead of the conference, the party's finance policy chief Rachel Reeves said that Labour would champion Britain's financial sector and not bring in a new cap on bankers' bonuses. Labour also wants closer economic ties with the European Union, including deeper co-operation with the bloc on financial services.

Persons: Keir Starmer, Rishi Sunak's, Rachel Reeves, Alistair Smout Organizations: Labour Party, Labour, Economic, Conservative, Business, Growth, European Union Locations: Davos

☆ Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'
▼ + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesPolitical risk in the U.K. is "far less than it's ever been" as the difference between the ruling Conservative Party and main opposition Labour on economic policy is "fairly minimal," Barclays CEO C.S. The U.K. is set to hold a General Election later this year, and the latest polling consistently suggests a landslide Labour victory, bringing an end to fourteen years of Conservative rule. "I think the political risk in the U.K. is far less than it's ever been," Venkatakrishnan told CNBC at WEF. The difference in economic policies between the two, and they're both striving to say so, are fairly minimal," he said, referencing two former British leaders.

Persons: Keir Starmer applauds, Paul Ellis, Venkatakrishnan, Keir Starmer, Rishi Sunak's, Rachel Reeves, Margaret Thatcher, James Callaghan, Labour's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Conservative Party, Labour, Barclays, C.S, Conservative, Labour's Shadow, Economic, CNBC Wednesday, CNBC, WEF, British Locations: Liverpool, England, Davos, Switzerland

☆ UK inches closer to technical recession as growth is revised down
▼ + stars: | 2023-12-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Data due out in February will show whether the U.K. has entered a technical recession — defined as when the economy shrinks for two consecutive quarters. There was also zero growth in the prior three months, the new figures showed, down from the 0.2% growth previously calculated. LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter. Certainly, Rishi Sunak's pledge to grow the economy is now severely in doubt," he said. A near-term drop in interest rates would be a win for Sunak's government, as the U.K. enters an election year.

Persons: Jeremy Hunt, Richard Carter, Cheviot, Rishi Sunak's, Rishi Sunak, Downing, Andrew Bailey Organizations: Office, National Statistics, LONDON, Bank of England

☆ Labour leader Starmer praises Thatcher in bid to woo UK Conservative voters
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

Keir Starmer, leader of Britain's Labour Party, speaks during the Prime Minister's Questions, at the House of Commons in London, Britain November 29, 2023. UK Parliament/Jessica Taylor/Handout via REUTERS/File Photo Acquire Licensing RightsLONDON, Dec 3 (Reuters) - Keir Starmer, leader of Britain's main opposition Labour Party, has praised former Prime Minister Margaret Thatcher, a deeply unpopular figure among many Labour supporters, as he seeks to woo Conservative voters before an election expected next year. Thatcher, dubbed the "Iron Lady" by the UK press at the time, was Britain's Conservative leader from 1979 to 1990. "Every moment of meaningful change in modern British politics begins with the realisation that politics must act in service of the British people, rather than dictating to them," Starmer wrote in an article for the Sunday Telegraph newspaper. After hailing Thatcher, Starmer wrote that Labour had "changed dramatically in the last three years".

Persons: Keir Starmer, Jessica Taylor, Handout, Britain's, Margaret Thatcher, Starmer, Rishi Sunak's, Thatcher, Tony Blair, Clement Attlee, Jeremy Corbyn, Victoria Atkins, Margaret Thatcher's, Michael Holden, Bernadette Baum Organizations: Britain's Labour Party, REUTERS, Labour Party, Labour, Conservative, Sunday Telegraph, Sky News, Thomson Locations: London, Britain

☆ Britain hopes to attract investment from Chinese carmakers - minister
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Damir Sagolj/File Photo Acquire Licensing RightsCompanies Nissan Motor Co Ltd FollowHAMPTON COURT, England, Nov 27 (Reuters) - Britain's investment minister on Monday said he was working to attract Chinese car manufacturers to build a factory in the country and that investment from China was crucial to meeting environmental targets. At a foreign direct investment summit at Hampton Court Palace on Monday, British investment minister Dominic Johnson said commercial talks could run in parallel with political disagreements. "Chinese investment is crucial if we're to achieve our net zero goals ... "Absolutely, I have an ambition to try and attract a Chinese car manufacturer." Britain is re-examining the application of its recently introduced National Security and Investment (NSI) Act that has disproportionately blocked Chinese-backed deals.

Persons: Damir Sagolj, Rishi Sunak's, David Cameron, Cameron, Sunak, Dominic Johnson, we're, Johnson, carmakers, Alistair Smout, Alex Richardson Organizations: China, Financial, Bank of China, REUTERS, Nissan Motor, Conservative Party, National Security and Investment, Tata, Nissan, European Union, Thomson Locations: Beijing, China, HAMPTON, England, Hampton, Britain

☆ Nissan invests $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

Nissan has made its electric Leaf model in Sunderland for years and will continue to do so, with batteries supplied by a small plant at the site. It announced a $1.4 billion investment in 2021 to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Nissan did not comment on the value of any subsidies or guarantees being provided by Britain. [1/4]Britain's Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt attach a Nissan badge to a car as they visit the car manufacturer, Nissan, in Sunderland, Britain, November 24, 2023. But Sunak, who became prime minister a year ago, is having some success turning that around.

Persons: Rishi, Sunak, Nissan's, Alan Johnson, Rishi Sunak, Jeremy Hunt, Chancellor, Makoto Uchida, Brexit, Nick Carey, Sarah Young, Paul Sandle, Sonali Paul, Mark Potter Organizations: Nissan, Investment Summit, Britain, BBC, Britain's, India's Tata Motors, Rover, Thomson Locations: Sunderland, England, Britain, Europe, EVs

☆ Why the UK government's tax cuts still leave workers worse off
▼ + stars: | 2023-11-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

British Finance Minister Jeremy Hunt that the U.K. economy would not enter a technical recession in 2023, while announcing the government's spring Budget. The U.K. National Insurance is a tax on workers' income and employers' profits to pay for state social security benefits, including the state pension. Touted by the Conservative party as the "largest ever tax cut for workers," the move nevertheless does not shield taxpayers from the effect of frozen tax thresholds that tip more of their income into higher tax brackets, as nominal wages rise. In March 2021, then-Finance Minister Rishi Sunak announced that the personal allowance (PA) and higher-rate thresholds (HRT) of income tax would be frozen for four years until April 2026. Alongside extending the freezes, Hunt in November 2022 froze the upper earnings limit for NI contributions and lowered the additional rate hold from £150,000 to £125,140 from April 2023.

Persons: Jeremy Hunt, Dan Kitwood, Rishi Sunak's, Hunt, Rishi Sunak, Torsten Bell, Paul Johnson Organizations: British, Getty, Finance, National Insurance, Labour Party, Rishi Sunak's Conservative, Insurance, Conservative, Treasury, Institute for Fiscal Studies

☆ UK's Jeremy Hunt to announce tax cuts aimed at reviving stagnant economy
▼ + stars: | 2023-11-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Jeremy Hunt will deliver his Autumn Statement budget announcement on Wednesday, facing pressure from within the ruling Conservative Party to implement tax cuts as the country's economy stagnates. Hunt will have more money at his disposal than a year ago and is under pressure from the right of his party to enact tax cuts. He is expected to announce reductions in National Insurance and business tax, while one Treasury minister has suggested that personal taxes could also be coming down. While Hunt has not ruled out tax cuts, he has emphasized the fragile state of the economy and reiterated that reducing living costs is the government's priority. The U.K. Treasury last week announced £4.5 billion ($5.6 billion) in funding for British manufacturing to boost investment in eight sectors across the U.K., available for a five-year period from 2025.

Persons: Jeremy Hunt, Rishi Sunak's, Liz Truss, Hunt, Sunak Organizations: Finance, Conservative Party, Bank of England's, National Insurance, Treasury, Labour Party Locations: U.K

[1/5] Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street for the House of Commons to deliver his autumn statement, in London, Britain, November 22, 2023. "After a global pandemic and energy crisis, we have taken difficult decisions to put our economy back on track," Hunt told parliament on Wednesday in his Autumn Statement fiscal update. Hunt pointed to OBR forecasts showing the government would meet its targets for the public finances, leaving open the possibility of further pre-election giveaways to voters in his full budget statement expected in early 2024. Sunak this week promised "responsible" tax cuts, mindful of last year's "mini-budget" turmoil in financial markets triggered by his predecessor Liz Truss's plans for much bigger tax cuts. This time last year, the newly installed Sunak and Hunt raised taxes sharply to quell the bond market mayhem.

Persons: Jeremy Hunt, Stefan Rousseau, Hunt, Rishi Sunak's, Paul Johnson, we've, giveaways, Johnson, BoE, Philip Shaw, Liz Truss's, Muvija M, Paul Sandle, Sarah Young, William James, Elizabeth Piper, Alistair Smout, Andrew MacAskill, James Davey, Suban Abdulla, Farouq Suleiman, Kate Holton, Sumanta Sen, William Schomberg, Catherine Evans Organizations: REUTERS Acquire, Labour, Labour Party, Institute for Fiscal Studies, Gross, Reuters Graphics, Bank of England, Graphics, Thomson Locations: London, Britain, British

☆ UK's next government will find tax rises hard to avoid
▼ + stars: | 2023-11-20 | by ( David Milliken | ) www.reuters.com time to read: +7 min

But tax rises will be very hard to avoid for whichever party forms the next government, says James Smith, a former Bank of England economist who is research director at the Resolution Foundation, which focuses on issues affecting low and middle earners. For earlier governments, the main way to increase tax levels has been to raise the rate of national insurance - a payroll tax paid by employers and employees - and, in the Conservatives' case, higher value-added tax. Annual GDP growth averaged 2.0% from 2010-2019, compared with 3.0% from 1997-2007. Asked on Sunday about widespread reports of looming tax cuts, Hunt told Sky News: "Everything is on the table ... Higher-than-expected inflation has boosted tax revenue and overall GDP in cash terms, giving more leeway against fiscal targets as most public services' spending budgets are fixed.

Persons: Susannah Ireland, Jeremy Hunt, Rishi Sunak's, James Smith, Smith, Britain's, It's, Carl Emmerson, Hunt, Foundation's Smith, David Milliken, Mike Harrison Organizations: REUTERS, Labour Party, Bank of England, Organisation for Economic Co, Development, Britain, Conservatives, Fiscal Studies, Foundation, Reuters, Monetary Fund, Institute for Government, Sky News, British, Reuters Graphics, Thomson Locations: City, London, Britain, Ukraine

☆ Britain to Launch South Korea Trade Talks During Yoon Visit
▼ + stars: | 2023-11-20 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

LONDON (Reuters) -Britain and South Korea will launch negotiations on a new free trade agreement (FTA) and sign a new diplomatic accord during a state visit by South Korean President Yoon Suk Yeol this week, Prime Minister Rishi Sunak's office said on Monday. The Downing Street accord will see the countries agree to work closely on areas such as semiconductors - which South Korea is a major producer of - and artificial intelligence. Speaking to members of the South Korean community, Yoon said South Korea and Britain are partners that share universal values of freedom, human rights and rule of law, and form an economic community through trade, Yonhap news reported. The talks on a new trade deal will aim to replace the carry-over trade deal from when Britain left the European Union, which was based on replicating a deal with the EU from 2011 and reduced tariffs in a range of areas. Britain said it hoped a new trade deal would pave the way for increased digital trade and streamline currently complex procedures, and have a new rules of origin chapter.

Persons: Yoon Suk, Rishi Sunak's, Yoon's, King Charles, Charles, Yoon, Sunak, Alistair Smout, Josh Smith, Alistair Bell, Stephen Coates Organizations: South, Britain, Accord, European Union, Trans, Pacific Partnership Locations: Britain, South Korea, Downing, Korea, London, cybersecurity, United States, China, Japan, Seoul

LONDON (AP) — Inflation in the U.K. dropped sharply in October to its lowest level in two years largely because last year’s steep rise in domestic energy bills dropped out of the annual comparison, official figures showed Wednesday. The decline means Prime Minister Rishi Sunak's pledge to halve inflation this year has been met. Sunak made the pledge soon after becoming prime minister when inflation was more than 10%. Political Cartoons View All 1247 ImagesEarlier this month, the bank kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while. Higher interest rates — which cool the economy by making it more expensive to borrow, thereby bearing down on spending — have contributed to bringing down inflation worldwide.

Persons: Rishi Sunak's, Sunak, “, ” Organizations: National Statistics, Bank of England Locations: Ukraine

☆ Explainer: What is the UK's Rwanda migrant deportation plan?
▼ + stars: | 2023-11-15 | by ( Michael Holden | ) www.reuters.com time to read: +5 min

However, the first deportation flight in June 2022 was blocked by a last-minute injunction from the European Court of Human Rights, barring any removals until the conclusion of legal action in Britain. Some in the government have strongly hinted Britain would consider leaving the European Convention on Human Rights if it thwarted the Rwanda scheme. Australia pioneered the concept of holding asylum seekers in offshore detention centres. Denmark has signed a similar agreement with Rwanda, but has yet to send any migrants there. The 27-nation EU is seeking to strike an agreement on how to share out the asylum seekers who arrived on its shores.

Persons: Peter Nicholls, Rishi Sunak's, Boris Johnson, Suella Braverman, Robert Reed, Sunak, Michael Holden, Alex Richardson Organizations: Court, REUTERS, Supreme, European Union, Successive Conservative, RWANDA PLAN, European, of Human, British, Convention, Britain, EU, Commons, Thomson Locations: Rwanda, London, Britain, Ukraine, Hong Kong, RWANDA, Europe, Turkey, Egypt, Australia, Denmark

☆ Who is in UK PM Rishi Sunak's new ministerial team?
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

Former British Prime Minister David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. REUTERS/Suzanne Plunkett/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - British Prime Minister Rishi Sunak reshuffled his ministerial team on Monday, including bringing back former leader David Cameron as foreign minister and firing interior minister Suella Braverman in a bid to win over moderate voters. Here is the latest list of those who attend cabinet meetings:Reporting by William James; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Cameron, Suzanne Plunkett, Rishi Sunak, Suella Braverman, William James, Hugh Lawson Organizations: British, REUTERS, Thomson Locations: London, Britain

☆ Sunak rolls the dice with Cameron resurrection
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 13 (Reuters Breakingviews) - Rishi Sunak's latest pivot is riskier than it might look. The British prime minister has appointed former leader David Cameron as foreign secretary, part of a reshuffle in which he sacked firebrand Home Secretary Suella Braverman. The move suggests Sunak may be looking to appeal to centrist voters ahead of next year’s national ballot, but that may also make his party more fragile. Cameron, who left parliament in 2016 after proposing a referendum on Brexit he then lost, isn’t an obvious choice for Sunak. Centrist voters may not forgive him for allowing an EU referendum and jumping ship shortly afterwards.

Persons: David Cameron, Suella Braverman, Cameron, Keir Starmer, Sunak, Neil Unmack, George Hay, Streisand Neto Organizations: Reuters, firebrand, Greensill Capital, Conservative, X, Thomson

People look towards Big Ben and the Houses of Parliament, where Britain's King Charles III will set out the government's forthcoming legislative plans in a speech on Tuesday, in London, Britain, November 6, 2023. "I want everyone across the country to have the pride and peace of mind that comes with knowing your community ... is safe. That is my vision of what a better Britain looks like," Sunak said in a statement before the speech. In the most despicable cases, these evil criminals must never be free on our streets again. Reporting by Elizabeth Piper and Andrew MacAskill; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Big Ben, King Charles III, Toby Melville, Sunak Sunak, Labour King's, King Charles, Rishi Sunak's, Sunak, Bill, Charles, Queen Elizabeth, Elizabeth Piper, Andrew MacAskill, Andrew Heavens Organizations: REUTERS, Labour, LONDON, British, Conservatives, Labour Party, Reading, Thomson Locations: London, Britain, Buckingham Palace, Westminster

☆ US Vice President Harris to call for action on threats from AI
▼ + stars: | 2023-11-01 | by ( Andrew Macaskill | ) www.reuters.com time to read: +2 min

U.S. Vice President Kamala Harris speaks during an event about the President signing an Executive Order on Artificial Intelligence in the East Room at the White House in Washington, U.S., October 30, 2023. Harris will say AI has the potential to create "cyberattacks at a scale beyond anything we have seen before to AI-formulated bioweapons that could endanger the lives of millions". Harris is in Britain to attend London's summit on artificial intelligence, where world and tech leaders will discuss the future of the technology. The new U.S. AI Safety Institute will share information and collaborate on research with peer institutions internationally, including Britain's planned AI Safety Institute. Harris will also say that 30 countries have agreed to sign a U.S.-sponsored political declaration for the use of AI by national militaries.

Persons: Kamala Harris, Leah Millis, Harris, Rishi, Joe Biden, Andrew MacAskill, Elizabeth Piper, Kate Holton Organizations: Artificial Intelligence, White, REUTERS, Safety Institute, Conservative Party, Security, British, AI, Safety, Thomson Locations: Washington , U.S, London, United States, Washington, Britain, U.S

☆ Elon Musk is in the UK for a pivotal summit on AI — here's who's going
▼ + stars: | 2023-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Here's who's goingMajor names in the technology and political world will be there. They range from Tesla CEO Elon Musk, whose private jet landed in the U.K. late Tuesday, to U.S. Vice President Kamala Harris. What the summit seeks to addressThe main objective of the U.K. AI summit is to find some level of international coordination when it comes to agreeing some principles on the ethical and responsible development of AI models. The summit is squarely focused on so-called "frontier AI" models — in other words, the advanced large language models, or LLMs, like those developed by companies such as OpenAI, Anthropic, and Cohere. Loss of control risks refer to a situation in which the AI that humans create could be turned against them.

Persons: Elon Musk, Mandel Ngan, Rishi Sunak's, ChatGPT, Here's who's, Kamala Harris, Musk, Elon, Brad Smith, Demis, Yann LeCun, Global Affairs Nick Clegg, Adam Selipsky, Sam Altman, Dario, Jensen Huang, Rene Haas, Dario Gil Darktrace, Poppy Gustaffson Databricks, Ali Ghodsi, Marc Benioff, Cheun Kyung, Alex Karp, Emmanuel Macron, Joe Biden, Justin Trudeau, Olaf Scholz, Sunak, Will Organizations: Senate, Intelligence, U.S, Capitol, Washington , D.C, Afp, Getty, Bletchley, Microsoft, Tesla, CNBC, Global Affairs, Web, Rene Haas IBM, Marc Benioff Samsung, Technology, South, Sony, Joe Biden Canadian Locations: U.S, Washington ,, China, U.K, South Korean, Chesnot

So-called frontier AI refers to the latest and most powerful systems that take the technology right up to its limits, but could come with as-yet-unknown dangers. Tesla CEO Elon Musk is also scheduled to discuss AI with Sunak in a livestreamed conversation on Thursday night. One of Sunak’s major goals is to get delegates to agree on a first-ever communique about the nature of AI risks. However, in the same speech, he also urged against rushing to regulate AI technology, saying it needs to be fully understood first. A White House official gave details of Harris’s speech, speaking on condition of anonymity to discuss her remarks in advance.

Persons: Google's Bard, Rishi Sunak's, Kamala Harris, who’s, Elon Musk, Ursula von der Leyen, Yoshua, Sunak, Harris, Biden’s, Jill Lawless Organizations: —, British, Safety, U.S, White, Associated Locations: BLETCHLEY, England, London, China, Bletchley

☆ The UK is gearing up for a pivotal summit on AI. Here's what you need to know
▼ + stars: | 2023-10-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Where it's being heldThe AI summit will be held in Bletchley Park, the historic landmark around 55 miles north of London. What it seeks to addressThe main objective of the U.K. AI summit is to find some level of international coordination when it comes to agreeing some principles on the ethical and responsible development of AI models. The British government wants the AI Summit to serve as a platform to shape the technology's future. They say that, by keeping the summit restricted to only frontier AI models, it is a missed opportunity to encourage contributions from members of the tech community beyond frontier AI. "By focusing only on companies that are currently building frontier models and are leading that development right now, we're also saying no one else can come and build the next generation of frontier models."

Persons: Rishi Sunak, Peter Nicholls, Rishi Sunak's, ChatGPT, Getty, codebreakers, Alan Turing, It's, Kamala Harris, Saul Loeb, Brad Smith, Sam Altman, Global Affairs Nick Clegg, Ursula von der, Emmanuel Macron, Joe Biden, Justin Trudeau, Olaf Scholz, Sunak, —, Xi Jinping, Biden, James Manyika, Manyika, Mostaque, we're, Sachin Dev Duggal, Carl Court Organizations: Royal Society, Carlton, Getty, U.S, Microsoft, Coppin State University, AFP, Meta, Global Affairs, Global Affairs Nick Clegg U.S, Ministry of Science, Technology European, Joe Biden Canadian, Britain, Afp, Getty Images Washington, U.S ., Google, CNBC, Big Tech Locations: London, China, Bletchley Park, British, America, Baltimore , Maryland, Chesnot, U.S, Nusa Dua, Indonesian, Bali, EU

☆ Britain Would Discuss Humanitarian Pause in Gaza but Not Ceasefire - PM's Spokesperson
▼ + stars: | 2023-10-25 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain would discuss a humanitarian pause in the conflict in Gaza to facilitate aid shipments, but does not want a wholesale ceasefire as that would only benefit Hamas militants, Prime Minister Rishi Sunak's spokesperson said on Wednesday. Israel's military intensified its bombing of southern Gaza overnight, amid international calls for a pause in fighting to let aid into the Palestinian enclave and prevent many more deaths. "A wholesale ceasefire would only serve to benefit Hamas," Sunak's spokesperson said. "Humanitarian pauses - which are temporary, which are limited in scope - can be an operational tool, and obviously that is something we could consider, and have been discussing." "We don't agree with that characterisation that's been put forward," the spokesperson said of Guterres' remarks but did not not call on him to resign.

Persons: Rishi Sunak's, Antonio Guterres, Guterres, Andrew MacAskill, Alistair Smout, Sachin Ravikumar Organizations: U.N Locations: Britain, Gaza, Israel

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