AI could crack the foundations of the UK economy, ex-minister warns as experts demand tighter regulation

From the Newshound archive · first published 21 September 2026.

An ex-minister has warned that artificial intelligence poses a fundamental threat to the UK economy, with financial regulators now being urged to treat AI risks as a distinct and urgent policy challenge. The warning comes as leading voices argue that existing oversight frameworks are wholly unfit for the speed and scale of AI's advance into critical financial systems. Two heavyweight sources are now pressing for a new approach before damage is done.

Darren Jones has sounded the alarm over AI's potential to destabilise core economic structures.

AI in finance should reportedly be policed under a separate, purpose-built regulatory regime rather than existing rules.