Tuesday newspaper round-up: Gambling, DWF, credit card spending

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Published Jul 11, 2023 08:06

Tuesday newspaper round-up: Gambling, DWF, credit card spending

Sharecast - Labour would use artificial intelligence to help those looking for work prepare their CVs, find jobs and receive payments faster, according to the party’s shadow work and pensions secretary. Jonathan Ashworth told the Guardian he thought the Department for Work and Pensions was wasting millions of pounds by not using cutting-edge technology, even as the party also says AI could also cause massive disruption to the jobs market. – Guardian

The boss of National Grid (LON:NG) has complained that it takes a decade to build a new power line in an attack on planning red tape. John Pettigrew, the company’s chief executive, said that Britain’s planning rules add seven years of delays to the construction time for cables. His warning comes amid ongoing rows over delays in connecting new wind and solar farms to the UK’s electricity grid, which are threatening the Government’s target of making the network carbon neutral by 2035. – Telegraph

At least 40 lawyers are set for a payday of over a million pounds each as British law firm DWF prepares to go private. London-listed DWF on Monday said it is in negotiations to sell itself to Inflexion Private Equity in a deal worth about £342m. The takeover would result in a lucrative payday for many current and former DWF partners who own shares in the law firm. – Telegraph

Consumer card spending rose by 5.4 per cent last month as grocery shopping on cards jumped by 9.5 per cent, the highest growth in the category for two years, though still below the rate of food prices inflation. According to data from Barclays (LON:BARC), 67 per cent of supermarket shoppers said they were looking for ways to cut the cost of their weekly shop, with 32 per cent shopping at multiple supermarkets in pursuit of deals. – The Times

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