Source: Sharecast
Margaret Thatcher’s right-to-buy scheme has cost UK taxpayers almost £200bn, according to a report into the policy’s contribution to Britain’s housing crisis. In its report into the sale of millions of council homes to their tenants at steep discounts since 1980, the Common Wealth thinktank said the policy had fuelled vast shortages in social housing and turbocharged inequality. – Guardian
One in 10 graduates have already changed their career plans over fears that artificial intelligence (AI) will upend their job prospects. University leavers seeking a career in industries such as graphic design, coding, film and art are particularly concerned about the impact of AI on their prospects, fearing the rapidly developing technology will render their jobs obsolete. – Telegraph
John Lewis may slash the number of affordable flats at its new rental home scheme in Reading if the project faces hold-ups, local councillors have been told. Advisers for John Lewis Partnership warned that any planning delays and further demands on funding provided to local services risked making the scheme unviable. - Telegraph
The chancellor’s decision to exempt wealthy private equity executives from a tax increase if they leave the country this year has created “real problems” by damaging tax revenues and encouraging business leaders to quit the UK, an expert has warned. Fresh scrutiny of Rachel Reeves’s U-turn on a manifesto pledge to eradicate a tax “loophole” used by private equity came as it emerged that industry executives received a tax break worth nearly £700 million in the most recent year for which official figures are available. – The Times