Tuesday newspaper round-up: Fiscal rules buffer, rent freeze, Next boss

(Sharecast News) - Rachel Reeves should aim to run a "significantly larger" buffer against her fiscal rules, according to a report from a House of Lords committee that says the UK's public debt is on an unsustainable trajectory. The chancellor raised taxes at last year's budget in order to more than double the "headroom", or buffer, against her fiscal rules to £22bn - some of which is expected to be eroded by the impact of the Iran war. - Guardian Britain has the third-highest rate of young people not in work or education among Europe's richest countries because of rising ill-health and a failing system of benefits and job support, a report has warned. The Resolution Foundation thinktank said the UK was facing a "crisis" in youth jobs amid a dramatic rise in the number of 16- to 24-year-olds who are not in education, employment or training (Neets) to almost 1 million - the highest level in more than a decade. - Guardian

Rachel Reeves is considering freezing rents in an attempt to soften the fallout from the Iran war on household budgets, according to reports. The Chancellor's proposals would see landlords in England banned from raising rents for a year as part of a package of measures which are being considered in Government, The Guardian reported. - Telegraph

The UK has backed a British scientist's "self-learning" AI start-up that is promising to leapfrog rivals in the race to superintelligence. Ineffable Intelligence, founded by the former Google DeepMind executive David Silver, has raised a record $1.1bn (£810m) in a deal backed by the taxpayer. - Telegraph

The boss of Next has described Britain's planning system as the "single biggest drag on prosperity" and called for its abolition. In a keynote speech at the Margaret Thatcher Conference on prosperity on Monday, Lord Wolfson of Aspley Guise criticised previous failed attempts at reform, instead calling for "something more radical, that we abolish planning because planned economies don't work". - The Times