Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

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.But the Lords economic affairs committee says Reeves should aim to raise it more, and complains that she and her recent predecessors have tended to allow themselves too little room for manoeuvre, compared with the £30bn average between 2010 and 2022.“Despite the recent increase in the size of the buffer, it remains at an historically low level and further substantial increases are still required,” it says. “Significantly larger buffers must become the norm

Nationwide should give its boardroom challenger a fair run

James Sherwin-Smith, who is aiming to become the first customer to be voted onto the board of Nationwide in nearly 25 years, deserves top marks for perseverance. A year ago his attempt to get his name on the ballot paper was stymied, or so it seemed, by data protection rules and so forth. This time, he has the necessary 250 nominations to be a candidate at the July annual meeting.It is a development to welcome. As argued here a year ago, there is something of a democracy deficit at Nationwide

Elon Musk and Sam Altman face off in court over OpenAI’s founding mission

A trial between two of Silicon Valley’s biggest tycoons kicked off on Monday in California, the culmination of a years-long bitter feud. Elon Musk has accused Sam Altman of betraying the founding agreement of the non-profit they started together, OpenAI, by changing it to a for-profit enterprise.Jury selection began at a federal courthouse in Oakland with Judge Yvonne Gonzalez Rogers presiding. As she began, she assured the dozens of prospective jurors that this trial wasn’t going to be highly technical, despite it centering around artificial intelligence. “This is just a case about promises and breaches of promises, it won’t get technical at all,” she said

If it’s only AI that’s keeping you up at night, maybe you’re doing OK | Letters

Reading Alexander Hurst’s column on the frictionless experience of life promised – or threatened – by AI algorithms, I was struck by how little I recognised the picture he painted of daily experience being stripped of the friction necessary to furnish it with meaning (To be human is to live with friction. That’s something AI boosters will never understand, 23 April). Rather, isn’t it the case that, bar the mega-rich, we’re all suffering from an excess of friction due to rising living costs, an avoidably dilapidated public realm, poor housing and innumerable related stresses?I belong to a volunteer group that twice a week cooks hot meals for homeless and destitute people in central Liverpool. The hot meal they collect from us may be the only relief they get that day from the constant, grinding analogue hassles of invisibility, illness, disrespect and material poverty: the only recognition they receive that a degree of comfort is a prerequisite for survival. The specific depredations of AI, created and encouraged by men without souls, seem so distant in these cases as to be nonexistent

Guardian Sport and Jonathan Liew win top prizes at SJA Awards

Guardian Sport won two top prizes at the prestigious Sports Journalists’ Association’s awards evening on Monday.The Guardian won sports publisher of the year at the SJA British Sports Journalism Awards night while Jonathan Liew was named columnist of the year for the fifth time in eight years, as well as winning bronze in the football journalist of the year category. Suzanne Wrack won bronze in the women’s football journalist of the year and Andy Bull won bronze in the sports feature writer of the year (long form) category.When explaining their reasons for giving the Guardian the top award, the SJA judges described the Guardian’s coverage as “a selection box of delights, consistently catering for many tastes”.The Guardian’s head of sport, Will Woodward, said: “It’s an exciting time to be working at the Guardian,” while a delighted Liew said: “I wasn’t expecting to win this one, I respect the people on the shortlist so this one means a lot

Paige Bueckers says relationship with Azzi Fudd ‘nobody’s business but our own’

Paige Bueckers has said her relationship with her new Dallas Wings teammate Azzi Fudd “is nobody’s business but our own”.Bueckers and Fudd were college teammates at UConn and were reunited when the Wings chose Fudd with the No 1 overall pick in this year’s WNBA draft. The pair confirmed they were dating last year, but have offered few details of their relationship since and it is uncertain if they are still even together.At a press conference on Monday, Bueckers made an opening statement during which she addressed speculation about her relationship with Fudd.“Quite frankly, I believe me and Azzi’s personal relationship is nobody’s business but our own, and what we choose to share is completely up to us,” she said