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Thursday newspaper round-up: Inflation target, Amazon, Abcam

(Sharecast News) - The Bank of England should be set a 3% inflation target and given powers to crash borrowing costs below zero in response to future economic shocks, a leading thinktank has said. The Resolution Foundation said Britain required a big overhaul of its economic toolkit to avoid decades of rising debt or austerity, and called for reforms at the Bank and the Treasury to get a "bigger bang for each buck". - Guardian Amazon is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses. It has started testing Digit, a two-legged ​r​obot that can grasp and lift items, at facilities this week. The device is first being used to shift empty tote boxes. - Guardian

Jeremy Hunt is poised to overhaul how the pensions triple lock is calculated in a move that is expected to save the Treasury £900m a year. In his Autumn Statement next month, the Chancellor is expected to announce that the payout to retirees will rise in line with regular wages at 7.8pc, rather than the 8.5pc surge in total pay when bonuses are taken into account. - Telegraph

The bosses of Abcam, the Cambridge-based biotech firm, are set to receive payouts of $28.8 million on completion of a takeover by the US medical conglomerate Danaher. Alan Hirzel, chief executive, and Michael Baldock, finance chief, are on course to receive $19.2 million and $9.6 million respectively from an incentive scheme if shareholders accept the $5.7 billion bid. - The Times

The UK is on track to lose out on £98 billion of economic growth by 2030 because of an anticipated shortage of 250,000 tradespeople. Net zero targets are increasing demand but young people do not feel encouraged consider such careers, according to a survey from Kingfisher. - The Times

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Thursday newspaper round-up: AI companies, Waitrose, gas standing charges
(Sharecast News) - AI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction. Successive dry summers and rising energy bills are increasing public scrutiny of plans for the huge computer warehouses that are used to train and run AI models, says a submission to the Labour government from a group including the AI infrastructure companies Nvidia, Microsoft and Cisco. - Guardian
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(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian
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(Sharecast News) - Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company. In an early test of his promise to bring "the essentials of life" under public control, the prime minister is urging his advisers to go back to the drawing board and create a new list of policies for the utility. One option being looked at is to convert about £100m of outstanding fines into a government stake in the company, saving its creditors money but giving ministers some say in how it is run. - Guardian

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