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Wednesday newspaper round-up: Railways, BBC, Grok

(Sharecast News) - Leading US investors and private equity firms could step up their foray into UK new-build housing after Donald Trump's move to ban institutional companies from buying single-family homes in the US, raising concerns that investors could "cut corners and increase rents". The US president said last week that he would ask Congress to codify the measure as he tries to address concerns that families are struggling to buy or rent a home. The median property sale price was $410,800 (£305,000) last year, according to the US Census Bureau. - Guardian Long-awaited plans for better railways across the north of England have been given government backing with an undertaking to "reverse years of chronic underinvestment" by spending up to £45bn building Northern Powerhouse Rail. Just over £1bn has been allocated to work up a detailed three-stage plan to connect cities from Liverpool to Newcastle, which could fulfil most of the demands of northern leaders, in a series of long-term projects. - Guardian

The BBC has been overtaken by YouTube for the first time, signalling the end of the corporation's near century of dominance of entertainment in Britain. YouTube now attracts a larger audience than all of the BBC's channels combined, according to official ratings agency Barb. Almost 52 million people watched YouTube on their televisions, smartphones or laptops in December, compared with the 50.8 million Britons who tuned into the BBC. - Telegraph

Elon Musk's X has stopped its artificial intelligence (AI) chatbot undressing women in photos after Britain threatened to ban the site. Grok, the AI bot that operates on Mr Musk's social media site X, began ignoring instructions to generate sexualised images of women in swimwear on Tuesday. It also now ignores other requests to put women in sexual poses or explicit scenarios. - Telegraph

As much as £14 billion of Rachel Reeves's newly created £22 billion fiscal buffer could be wiped out by a series of government U-turns and a big decline in net migration. The chancellor's effort to appease financial markets by more than doubling her fiscal headroom at November's budget may have been in vain because of the government easing tax rises on pubs and farmers along with much lower migration in the coming years, according to calculations by Bloomberg. - The Times

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(Sharecast News) - Andy Burnham moved to calm volatile bond markets on Wednesday as surging borrowing costs threatened to wreck plans for his government's crucial first budget next month. After a days-long sell-off of government bonds - and with the chancellor, John Healey, facing the prospect of sharply reduced spending power, Burnham used his first appearance at prime minister's questions to promise decisions would be "grounded in fiscal responsibility". - Guardian
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(Sharecast News) - The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said. Healey resigned from Keir Starmer's government in June, protesting against what he argued was the then prime minister's failure to adequately fund defence. - Guardian
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(Sharecast News) - A house near a top state secondary school costs an extra £40,000 on average, according to research that reveals education premiums that rank alongside some private school fees. The average property in a postcode district that includes a top 50 state secondary commands a price tag of £415,791, compared with £375,217 across the wider local authority areas in which those schools are located, a UK-wide analysis by the estate agent Yopa found. - Guardian
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(Sharecast News) - A clampdown on "rogue bailiffs" has been launched by Andy Burnham amid concerns that vulnerable people are being overcharged and face aggressive behaviour. In the latest in a series of "everyday fixes" to ease the cost of living and "make Britain fairer", the prime minister said he was strengthening the rules that apply to bailiffs in England and Wales to better protect people in debt. He also announced measures to target "cowboy" tradespeople, including builders who rip off homeowners. - Guardian

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