
AI and UK: Is its unexpected economic rebound thanks to AI?
The City of London got a surprise. An unexpected summer growth spurt caught everyone off guard in the UK.
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Tuesday, September 15, 2026
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The City of London got a surprise. An unexpected summer growth spurt caught everyone off guard in the UK.

While the rest of the world is still debating whether social media harms kids, the UK has stopped asking questions and decided to act. This week brings the official announcement of a sweeping ban: no TikTok, no Instagram, no AI chatbots for anyone under 16.

While everyone else is panicking about AI taking over the world, the UK decided to calmly sit down and talk about it like adults. Minister Kanishka Narayan showed up on Bloomberg TV during London Tech Week ready to explain what's actually happening—and whether the government has a clue.

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Imagine you're a brilliant British tech startup: the US is offering you heaven, China is courting you, but your government comes up with a different pitch: "Hey, what if we just bought your AI chips directly?". That's exactly what's happening in the UK right now, and honestly, it's a refreshingly practical move — if you want to keep the brains at home, you've got to make it worth their while.

Revolut just got its UK banking license and now wants to cash in hard. The plan? A secondary share sale that would value the fintech at $115 billion—roughly twice what a proper traditional bank costs.