The UK economy presents significant difficulties for the Prime Minister and Chancellor, with only six weeks remaining until the November Budget. The government is attempting to balance fiscal responsibility with calls for increased public spending.
Nine major UK banks have gained access to OpenAI's GPT-5.5 Cyber security AI, a direct alternative to Anthropic's 'Mythos' tool, which has restricted UK financial institutions. Both AI systems are designed to identify digital security vulnerabilities, with the AI Security Institute noting their 'similar level of performance'. The move follows concerns raised by Bank of England Governor Andrew Bailey regarding UK banks' inability to test their systems against advanced AI threats.
Belgian prosecutors are investigating UK money transfer company Wise for alleged money laundering, with suspicions that criminals exploited its European accounts for some €500 million in illicit transactions. The investigation, focused on Wise's European operations, is reportedly nearing its conclusion, causing a 17.5% drop in the company's shares.
