Lending to small businesses and low-income areas must expand, say Labour backbenchers

Senior Labour backbenchers are urging the government to introduce legislation forcing UK banks to expand affordable lending to small businesses and low-income neighbourhoods.The former minister Gareth Thomas has tabled a 10-minute rule bill – a type of private member’s bill – echoing the US Community Reinvestment Act (CRA).Thomas said: “Given the cost of living crisis, we need to unlock far better access to cheap loans for the millions of people on low and middle incomes to help them through the financial emergencies that everyone faces at some point, while also making it easier for talented entrepreneurs to find the affordable finance they need to get their businesses up and running.”Co-sponsors of the legislation include the Labour select committee chairs Meg Hillier, Liam Byrne and Sarah Owen, and the former shadow chancellors Anneliese Dodds and John McDonnell.The Treasury published its own financial exclusion strategy last year, including a commitment to supporting the expansion of credit unions

Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

The Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump’s extraordinary attack on the US central bank.Powell said the Department of Justice had served the Fed with grand jury subpoenas on Friday, threatening a criminal indictment related to his testimony before the Senate banking committee in June last year, regarding renovations to the Fed’s historic office buildings in Washington DC.The US attorney’s office in the District of Columbia has opened a criminal investigation into Powell over the project, and whether Powell lied to Congress about its scope, the New York Times reported on Sunday.Allies of Trump spent months last year accusing the Fed of mishandling the multibillion-dollar renovations. Trump had repeatedly threatened legal action

‘Dangerous and alarming’: Google removes some of its AI summaries after users’ health put at risk

Google has removed some of its artificial intelligence health summaries after a Guardian investigation found people were being put at risk of harm by false and misleading information.The company has said its AI Overviews, which use generative AI to provide snapshots of essential information about a topic or question, are “helpful” and “reliable”.But some of the summaries, which appear at the top of search results, served up inaccurate health information, putting users at risk of harm.In one case that experts described as “dangerous” and “alarming”, Google provided bogus information about crucial liver function tests that could leave people with serious liver disease wrongly thinking they were healthy.Typing “what is the normal range for liver blood tests” served up masses of numbers, little context and no accounting for nationality, sex, ethnicity or age of patients, the Guardian found

Elon Musk says UK wants to suppress free speech as X faces possible ban

Elon Musk has accused the UK government of wanting to suppress free speech after ministers threatened fines and a possible ban for his social media site X after its AI tool, Grok, was used to make sexual images of women and children without their consent.The billionaire claimed Grok was the most downloaded app on the UK App Store on Friday night after ministers threatened to take action unless the function to create sexually harassing images was removed.Responding to threats of a ban from the government, Musk wrote: “They just want to suppress free speech”.Thousands of women have faced abuse from users of the AI tool which was first used to digitally strip fully clothed photographs into images showing them wearing micro bikinis, and then used for extreme image manipulation.Pictures of teenage girls and children were altered to show them wearing swimwear, leading experts to say some of the content could be categorised as child sexual abuse material

Tom Willis wins family affair to help Saracens topple Toulouse in Champions Cup

Even for the world’s best rugby player it is not all glamour. As he sniffed the damp air on a blustery, cheerless Sunday night in north London, Antoine Dupont must privately have been wondering if this was some sort of fiendish Anglo-Saxon conspiracy. Any similarity with the classic cathedrals and comforting familiarity of the Stade de France in next month’s Six Nations was conspicuously lacking.For a defiant Saracens, though, this chilly, sodden evening delivered the most beautiful of outcomes and a result that transforms the mood of their previous flagging season. They fully deserved this rousing victory, two first-half tries from Rotimi Segun and a barnstorming display from man-of-the-match Tom Willis laying the foundations for the hosts’ best performance of the season which has sharply improved their Champions Cup knockout qualification prospects

David hat-trick dismantles Stormers to send Harlequins into Champions Cup last 16

Harlequins back? Or is this latest outrageous twist in the story of their inconsistency a case of same old, same old? First, it needs to be acknowledged that this was a comprehensive dismantling of a side who had not lost a game this season. This was hardly the Stormers’ first team, but an unbeaten squad is an unbeaten squad. God knows, they are beaten now.The notion that Harlequins are one of the Premiership’s whipping boys was made to look absurd as they strutted the turf of the Stoop with supreme confidence and aplomb. Try after try followed, a hat-trick for Nick David with consecutive tries either side of half-time