Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system

The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.

In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”.

Nationwide research also shows average 14% premium for housing in national landscapes of England and Wales

Housebuyers are paying a premium of almost a quarter to own a property located within a UK national park, with the New Forest the most expensive national park to live in, according to Britain’s biggest building society.

Nationwide found that a property located within a national park cost 24% more on average than a similar property elsewhere, while buyers were also stumping up a 6% premium for homes within three miles of a national park.

Nationwide research also shows average 14% premium for housing in national landscapes of England and Wales

Housebuyers are paying a premium of almost a quarter to own a property located within a UK national park, with the New Forest the most expensive national park to live in, according to Britain’s biggest building society.

Nationwide found that a property located within a national park cost 24% more on average than a similar property elsewhere, while buyers were also stumping up a 6% premium for homes within three miles of a national park.

New company reportedly quickly fell behind with promised repayments to administrator

A recruitment executive who was allowed to buy back the assets of his bust company in instalments, despite it accumulating almost £3m of debt, has placed his new business into liquidation after falling behind with promised payments to the administrator.

The news is the latest event to raise questions about the practice of “phoenixism”, accounting’s controversial art of liquidating companies to allow directors to return with a new entity, free of debts.