News about UK

In the UK, changes to the inheritance tax system are coming into force which could significantly increase the tax burden on beneficiaries of assets.

The UK is betting on artificial intelligence in the fight against the shadow economy. The country’s financial regulator, the Financial Conduct Authority (FCA), has launched a pilot project using an analytics platform from the US company Palantir Technologies, hoping to radically improve the efficiency of market oversight.

A labor tribunal in Holbeck near Leeds, UK, sided with a woman whose boss called her “Potato” and mimicked an Irish accent, Logos Press reported.

The Bank of England plans to change the appearance of national banknotes: instead of portraits of famous historical figures, they may feature images of wildlife. The final decision on which species of animals or plants will be placed on the banknotes will be made after public discussion, which is scheduled for the summer of 2026.