UK at risk of ‘sudden confidence crisis’ if markets lose faith in budget – as it happened

UK government borrowing costs have inched down today, as the bond markets continue to welcome the budget.The yield (or interest rate) on 10-year gilts has dipped by 1.5 basis points to 4.44%, while 30-year gilt yields are down 3.5bps

Asda hits out at government for ‘killing confidence’ among consumers

Asda has criticised the government for “killing confidence” among consumers but blamed “self-inflicted” problems that left gaps on shelves for a big reverse in sales.Total sales at the UK’s third-largest supermarket fell 3.8% to £5.1bn in the three months to the end of September compared with the same period a year before – diving back from 0.2% growth in the previous quarter

More than 1,000 Amazon workers warn rapid AI rollout threatens jobs and climate

More than 1,000 Amazon employees have signed an open letter expressing “serious concerns” about AI development, saying that the company’s “all-costs justified, warp speed” approach to the powerful technology will cause damage to “democracy, to our jobs, and to the earth.”The letter, published on Wednesday, was signed by the Amazon workers anonymously, and comes a month after Amazon announced mass layoff plans as it increases adoption of AI in its operations.Among the signatories are staffers in a range of positions, including engineers, product managers and warehouse associates.Reflecting broader AI concerns across the industry, the letter was also supported by more than 2,400 workers from companies including Meta, Google, Apple and Microsoft.The letter contains a range of demands for Amazon, concerning its impact on the workplace and the environment

After a teddy bear talked about kink, AI watchdogs are warning parents against smart toys

As the holiday season looms into view with Black Friday, one category on people’s gift lists is causing increasing concern: products with artificial intelligence.The development has raised new concerns about the dangers smart toys could pose to children, as consumer advocacy groups say AI could harm kids’ safety and development. The trend has prompted calls for increased testing of such products and governmental oversight.“If we look into how these toys are marketed and how they perform and the fact that there is little to no research that shows that they are beneficial for children – and no regulation of AI toys – it raises a really big red flag,” said Rachel Franz, director of Young Children Thrive Offline, an initiative from Fairplay, which works to protect children from big tech.Last week, those fears were given brutal justification when an AI-equipped teddy bear started discussing sexually explicit topics

Are England actually honest with themselves? If they are, they’ll know they have to change | Mark Ramprakash

It’s not over yet. There is still hope. Before the Ashes started I had plenty of it, because of England’s fantastic array of fast bowlers and because I felt they had improved on their crash‑bang‑wallop, one-size‑fits‑all approach to batting. Then the series got under way, and while the bowlers did their bit, the batters failed badly. After the two-day humiliation in Perth they are inevitably under the microscope – but while everyone is questioning England’s approach, how much are they challenging themselves?I based my optimism on some of what I had seen over the summer

Northampton coach Phil Dowson: ‘I tried working for a bank – it was tough’

Saints’ director of rugby on being converted to coaching, his ‘bromance’ with Sam Vesty and why Henry Pollock is smarter than he seemsNorthampton is not the most exotic destination on the planet, but there is plenty of romance and adventure in its rugby union team.In a town famous for boot‑making you might expect kicking, as frequently and as far as possible, to be the Saints’ modus operandi. But under the director of rugby, Phil Dowson, the team in green, black and gold prefer to keep ball in hand. Despite representing a quintessentially English town, they display a panache synonymous with the greatest French exponents of champagne rugby.Since Dowson and the head coach, Sam Vesty, took over in 2022, Northampton have won what was then the Premiership and gone deep in the Champions Cup – losing to Bordeaux-Bègles in last season’s final, knocked out by Leinster in a semi-final before that