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Tuesday newspaper round-up: Gambling customers, student loan repayments, Russian bankruptcies

(Sharecast News) - The Scottish government is about to consider a sweeping moratorium on building new datacentres, putting a key plank of the UK's AI strategy at risk. Last Sunday the Scottish National party (SNP)'s national council passed a motion to freeze all new datacentres in Scotland. That motion has been sent to the Scottish government to consider. It could apply to all datacentre projects that have not yet received planning permission - although its exact implementation is up to the Scottish government to decide. - Guardian Slideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said. The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 for three years from April 2027. - Guardian

Labour is set to forge ahead with financial checks on gambling customers who suffer heavy losses, setting up a clash with bookmakers who oppose the move. The Gambling Commission is expected to confirm proposals on Tuesday morning to introduce financial risk assessments on online gamblers who lose large sums, including those spending more than £1,000 in a single day. - Telegraph

Half a million Russians went bankrupt last year as Vladimir Putin risks an "explosive" banking crisis, an intelligence report has warned. Deteriorating business loans and growing household debt mean Russia is moving closer to a potential financial meltdown, according to a document prepared for European officials before a new round of sanctions. - Telegraph

The billions of pounds lost on personal protection equipment during the pandemic had more to do with a "monumental failure of government" than it did fraud, error or cronyism, the government's counter-fraud commissioner has said. Tom Hayhoe, a former chairman of West Middlesex University hospital and the West London NHS Trust, told MPs on the Commons public accounts committee that the "fundamental" fault behind the near-£11 billion worth of PPE bought during Covid that proved unusable or overpriced was the "uncritical way in which procurement was being done". - The Times

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Tuesday newspaper round-up: Government borrowing costs, US tech crash, civil servants
(Sharecast News) - Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising prices and government spending pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London as investors fretted that rising prices would push up interest rates. The yield, or interest rate, on 30-year French bonds rose to its highest level since September 2008 at 4.8558%, up one basis point (0.01 percentage point), LSEG data showed. - Guardian
Monday newspaper round-up: Water companies, asking prices, legal industry
(Sharecast News) - Water companies could be allowed to raise bills for customers during periods of drought under proposals being considered by the sector's regulator for England and Wales. Suppliers would be permitted to factor "water scarcity" into bills as part of efforts to reduce consumption under Ofwat's plans, which are being likened to surge pricing - the practice where private hire firms raise taxi fares at times of higher demand. - Guardian
Friday newspaper round-up: Elon Musk, Thames Water, Avant Homes
(Sharecast News) - Young people out of work or at risk of unemployment in the UK are to join "AI boot camps" where they harness the technology to get a foothold in the workplace. The government's latest attempt to address the crisis in Neets - young people not in work or education - involves turning to a technology that many view as a potential threat to employment. - Guardian
Thursday newspaper round-up: Greenland, Morrisons, Cisco Systems
(Sharecast News) - Greenland authorities have forced a US oil company connected to Donald Trump to postpone drilling wells in the Arctic territory, defying claims by the US president's envoy that Americans could be extracting crude by next year. Amid Trump's imperialist threats, tensions have been rising on Greenland's eastern coast after the oil company brought drilling equipment ashore in July without permission, drawing a "strong warning" from the government. - Guardian

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