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BIZBBC News

Burnham vows end to 'rip-off parking charges' under new rules

Photo: BBC

Drivers will be given the right to challenge "rip off" private parking charges and more grace when using private providers under new rules set out by Andy Burnham.

The Prime Minister announced the changes after drivers repeatedly raised concerns penalties issued by private providers were too harsh and left motorists unfairly penalised.

In one case, a woman was taken to court in a £1,906 claim after taking longer than five minutes to pay at a car park in Derby . The charge was eventually dropped .

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BIZThe Guardian

AI firm Anthropic to commit 5% of shares to fund for ‘public good’

The $48bn giveaway comes amid concerns about the tech and as the company prepares for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing. The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline.