Science & Technology
When was the last time you reviewed your business rates?
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While the end of 2022 did not result in the official definition of recession, many experts are warning not to breathe a sigh of relief yet. The Office for National Statistics (ONS) reported that there was in fact a 0.1% growth in the economy
for November 2022 – surprising many as the initial forecast was a contraction of 0.2%. The last few months have shown that the strain of this rise in inflation is going to have long-term effects for business owners and leaders across the UK. And while 2022 did not quite reach the official definition of a recession, some of the UK’s top economists are warning that it is still very likely by the end of the second quarter of 2023.
Inflation has impacted every industry and area of the country – from staffing costs, to supply chains, utilities, and even taxes. For business owners and leaders, it will be a desperate struggle to survive the winter. Budgets are tightening and businesses are hesitant to pass on costs, but some have no other choice.
The delayed release of the provisional rating list for 2023 has not helped matters. Commercial property tenants and owners are now scrambling desperately to pull together a budget that will not only see them survive to April, but beyond.
Do you know how to review your business rates?
Business rates, or non-domestic rates, are a tax placed on commercial properties in lieu of council tax. This is determined by the rateable value of the property in question. Commercial property owners and tenants are able to check this through their account on the Valuation Office Agency’s (VOA) website, or by searching for their property.
“I cannot stress how imperative it is for commercial property owners and tenants to be reviewing their business rates.” Anthony Hughes, Managing Director of the business rates reduction specialists RVA Surveyors, said. “Revaluation is just around the corner and once we enter the new rating list, they won’t be able to claim back any overpayments for the 2017-2022 rating list.”
While the multiplier (the figure which the Rateable Value of a property is multiplied by to determine business rates) may have been frozen for 2023 rating list, this will still see some areas and industries Rateable Value’s (RV) go up by about 30%.
A brutal increase in business rates tax when businesses are already suffering from a 40-year high inflation.
“I don’t think people quite realise the significant level of increase and how many problems this could bring,” Anthony Hughes admitted. “In the autumn statement the Chancellor said it wouldn’t be above 1%, but now the VOA are saying a 7.1% overall increase in RV for England and Wales. In two months, the official government stance has jumped by over 6%. Coupled with the multiplier staying artificially high, this means that that many will see real increase of around 14%. This silent increase is creating a sense of false optimism in the business community. I would one hundred percent recommend that commercial property owners and tenants engage with a professional before it is too late.”
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Science & Technology
Quantum Computing Breakthrough: Data Security Implications
MIT’s new quantum algorithm could revolutionize data processing, posing significant challenges for current cryptographic systems. This article explores the implications for data security and potential solutions to counteract quantum threats.
The recent breakthrough in quantum computing by researchers at MIT marks a pivotal moment in the field of data security. On August 19, 2026, Nature published the details of a new quantum algorithm capable of processing data at speeds previously unimaginable. While this innovation holds enormous potential for advancing machine learning and other computational fields, it simultaneously presents a formidable challenge to the current cryptographic systems relied upon to safeguard sensitive information.
At the core of contemporary data security is the reliance on encryption techniques that depend on the complexity of certain mathematical problems, such as the factoring of large numbers, which are currently infeasible for classical computers to solve within a practical timeframe. However, quantum computers, with their ability to perform calculations exponentially faster than traditional machines, threaten to render these encryption methods obsolete. This development could have profound implications for sectors that prioritize data security, including finance, healthcare, and government, where sensitive data is at risk of exposure.
The immediate concern for cybersecurity experts is the potential for quantum computers to crack widely used encryption protocols, such as RSA and ECC, which form the backbone of secure internet communications. The computational power unleashed by quantum algorithms could theoretically decrypt encrypted data in a fraction of the time required by classical computers, leaving digital communications vulnerable to interception and exploitation.
In response to this looming threat, researchers and industry experts are actively exploring the development of quantum-resistant algorithms. These algorithms are designed to withstand the capabilities of quantum computing, ensuring the confidentiality and integrity of data even in a post-quantum world. Efforts in this direction include the study of lattice-based cryptography, hash-based signatures, and multivariate polynomial equations as potential foundations for secure encryption systems.
The urgency to develop and implement quantum-resistant cryptography is underscored by the rapid pace of advancements in quantum technology. Tech companies, governments, and academic institutions are investing heavily in research to safeguard their data infrastructures against quantum threats. The transition to quantum-resistant systems, however, is not without its challenges. It requires a comprehensive overhaul of existing cryptographic frameworks and widespread adoption across industries, a process that demands both time and resources.
Despite these challenges, the potential benefits of quantum computing in fields such as artificial intelligence, pharmaceuticals, and materials science cannot be overlooked. The same capabilities that pose a threat to data security also offer the promise of unprecedented advancements in computational power, enabling breakthroughs that were previously beyond reach.
As the world stands on the brink of a quantum revolution, the dual-edged nature of this technological leap is clear. While the security of our digital world faces new threats, the opportunity for innovation and progress is equally profound. The path forward will require a concerted effort to balance the risks and rewards of quantum computing, ensuring that the transformative potential of this technology is harnessed responsibly and securely.
In the coming years, as quantum technologies continue to evolve, the focus will be on developing robust standards for quantum-resistant cryptography and fostering collaboration between academia, industry, and government to navigate this new frontier. The race to secure our digital future in the face of quantum capabilities is not just a technical challenge but a strategic imperative that will shape the landscape of cybersecurity for decades to come.
Science & Technology
AI-Driven Tools Propel Mars Exploration to New Heights
NASA’s latest Mars mission features AI-driven tools in its rover, enabling autonomous navigation and faster data transmission, marking a significant advancement in space exploration technology.
NASA’s latest mission to Mars has captivated both scientific communities and the public, as the new rover equipped with AI-driven exploration tools begins its journey across the Martian landscape. Wired’s August 2026 report highlights the rover’s ability to autonomously navigate the challenging terrain while making real-time decisions, significantly enhancing the efficiency of data collection. This innovation is poised to revolutionize the way robotic missions are conducted in space.
The rover’s sophisticated communication systems represent another leap forward, allowing for faster and more reliable data transmission back to Earth. These advancements mean that scientists can receive critical information more swiftly, enabling them to adjust mission parameters as needed. According to Wired, this capability is essential for responding to unexpected findings and maximizing the scientific value of each mission.
Moreover, the integration of AI tools in the rover’s design marks a pivotal shift towards reducing dependence on Earth-based commands. As Wired notes, this development could pave the way for future missions that operate with greater autonomy, setting the stage for more complex and prolonged explorations of Mars. The implications of this technology extend beyond current missions, suggesting a future where human exploration of Mars is supported by highly capable robotic counterparts.
As NASA continues to push the boundaries of space exploration, the success of this mission will likely influence the design and execution of future endeavors. The potential for these AI-driven tools to transform space exploration is immense, promising a new era of discovery and innovation on the red planet and beyond.
Science & Technology
Quantum Computing Breakthroughs: Disrupting Industries with Oxford’s Innovations
A recent breakthrough in quantum computing at the University of Oxford promises to disrupt multiple industries by significantly enhancing computational capabilities. Explore the technological implications and potential disruptions poised to redefine sectors.
In May 2026, the University of Oxford announced a significant breakthrough in the field of quantum computing, unveiling an advanced error correction algorithm that has the potential to transform computational capabilities. This development is not just a scientific triumph; it heralds a new era of technological disruption across multiple industries. Quantum computing, long anticipated as the next frontier in technology, promises to solve complex problems beyond the reach of classical computers, and Oxford’s latest advancement brings this closer to reality.
At the core of this breakthrough is the enhancement in quantum error correction, a critical component that addresses the inherent instability of qubits, which are the fundamental units of quantum information. Traditional computers use bits of 0s and 1s, but quantum computers operate on qubits, which can exist in multiple states simultaneously. This superposition allows quantum computers to process information exponentially faster than classical computers. However, qubits are notoriously prone to errors due to environmental noise and operational inaccuracies. Oxford’s new algorithm significantly improves the error correction process, maintaining qubit stability longer and allowing extended computational tasks to be performed accurately.
The implications of this are profound. Industries ranging from pharmaceuticals to finance stand on the cusp of disruption as quantum computing offers the ability to model complex molecular structures, optimize large-scale financial portfolios, and even revolutionize artificial intelligence algorithms. In pharmaceuticals, for example, quantum computing can expedite drug discovery by accurately simulating molecular interactions, potentially reducing the time and cost associated with bringing new drugs to market. Similarly, in finance, quantum algorithms can optimize trading strategies and risk management with a precision unattainable by current technologies.
Moreover, the ripple effects of such a leap in computational power extend to data encryption and cybersecurity. Quantum computers possess the potential to decrypt classical encryption methods, prompting a race for quantum-resistant cryptography. This necessitates a paradigm shift in how we secure digital information, affecting every sector that relies on data security.
Despite the tremendous promise, the transition to quantum computing is not without its challenges. The infrastructure required to support quantum technologies is expensive and complex. There is also a significant skills gap; experts in quantum computing are scarce, and training a new generation of scientists and engineers is imperative. Furthermore, ethical considerations regarding the power of quantum computing must be addressed, particularly in terms of privacy and security.
Looking forward, as quantum computing continues to evolve, industries will need to adapt swiftly to harness its capabilities. Early adopters who invest in quantum technologies and develop quantum-ready strategies will likely dominate in the coming decade. As Oxford’s breakthrough demonstrates, the race is on to fully realize the potential of quantum computing and redefine the boundaries of what is technologically possible.
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