(Sharecast News) - Ministers are expected to drop some planned tariffs on foreign steel after UK manufacturers said the measures would significantly increase their costs. Representatives of the Department for Business and Trade are meeting leaders of steel trading business groups on Wednesday and Thursday with a view to finalising details of a reprieve for certain industries. - Guardian
Ministers have rejected accusations that recent changes to student loans are unfair, arguing that they are so heavily subsidised that the government has the right to alter their terms. Pressure has been intensifying on the UK government to reform the student loans system but the chief secretary to the Treasury, Lucy Rigby, told MPs on Wednesday that less than half of young people go to university, and the government had to bear in mind "fairness to taxpayers as a whole". - Guardian

Scientists have accused Anthropic of cutting them off from its latest AI technology in case they use it to create a bioweapon. The US tech giant this week released its new Fable chatbot, built using the same technology as the company's most advanced Mythos model, which was previously deemed too dangerous to release. - Telegraph

Ed Miliband is resisting pressure from Sir Keir Starmer to cut spending in his department amid a Cabinet row about how to fund defence. Sources said the Energy Secretary was pushing back against demands to find capital budget savings of at least 1pc within the Department for Energy Security and Net Zero to help fund the long-delayed defence investment plan (DIP). - Telegraph

A partner at a City law firm who advised a client to "burn" evidence in a dispute involving Ocado has been suspended for two years. In what is likely to be the final instalment in a six-year legal saga, Raymond McKeeve avoided being barred permanently from practising in the UK after a disciplinary tribunal ruled that he was guilty of a "spontaneous act of colossal stupidity". - The Times

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