Skip to content
Tuesday 15 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,680.60
-0.16%
DAX
25,463.28
+0.09%
CAC 40
8,105.31
-0.15%
STOXX 50
6,261.77
+0.02%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 15 September 2026 9:57 am

Reynolds hails ‘tremendous upsides’ to AI amid warnings on threats

By: Maurício Alencar

Politics and Economics Reporter

Add as a preferred source on Google
Jonathan Reynolds, Shadow Business Secretary, wearing a suit and red patterned tie.
Jonathan Reynolds has said AI has "tremendous upsides".

Business secretary Jonathan Reynolds has emphasised the “tremendous upsides” to AI that should not be overlooked, as a growing number of tech engineers have warned of its threat to existence. 

Reynolds told the BBC that the UK should “never be complacent” about AI or “naive about the impact”, although he emphasised that new models could boost public services and the wider UK economy. 

His comments followed a raft of warnings from top AI bosses, including Anthropic’s Dario Amodei and Elon Musk, calling for a slowdown in innovation due to the “serious” risks of the technology.  

“I think people will be worried by some of the things they’ve heard in the last few weeks, and I think we’ve got to be careful not to get hyperbolic about this either,” Reynolds said. 

“I mean, of course there are risks, but let’s be frank: there are some tremendous upsides for people as well, whether it’s public services, healthcare, or the contribution to the economy.”

He also hit back at calls from some MPs across the House of Commons and Lords for the introduction of a “kill switch” on AI, claiming he did not know how one would work given most models are developed in the US and China. 

The Cabinet minister said he was “not sure what the proposition is” and argued that some tech giants’ decision to share models with the AI Security Institute showed the UK was “recognised for our expertise”. Anthropic withheld its latest model for testing by the AI Security Institute, according to the Financial Times. 

Reynolds also refused to confirm whether the government would make pre-release testing compulsory. He argued that Britain has “got to be a player in this” and that further international co-operation involving the US and China would “keep people safe”. 

Trump attacks AI slowdown

A fierce debate over AI development has erupted in the US. Musk, Amodei and OpenAI’s Sam Altman have pushed for a slowdown, around a week after a former Anthropic engineer said there was more than a 10 per cent chance of human extinction due to AI. 

Jacob Coxon, a British mathematician who worked at Anthropic as a researcher, told the BBC on the weekend that he was “genuinely concerned about the fate of humanity in the next two years”. 

President Donald Trump hit back at tech bosses, calling warnings a “sick hoax”. He said he had the “high IQ” that could safeguard the US and claimed there were “conspiracy theorists, treasonists, traitors, and leakers” looking to undo the gains introduced by AI. 

AI minister Kanishka Narayan is expected to take questions in the House of Commons on Tuesday afternoon. 

Read more

Government admits Burnham’s Whitehall shake-up leaves tech policy in limbo

Andy Burnham, Mayor of Greater Manchester, in a suit and glasses, looking serious against a bright sky.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics
  • Tech

People & Organisations

  • AI
  • ai adoption
  • AI governance
  • jonathan reynolds
  • UK economy
  • UK Government

Trending Articles

  • Former Formula 1 champion loses £1.4m HMRC tax bill appeal

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

  • Revolut facing extortion threat after hackers steal customers’ data

  • Mortgage rates at five-month high ahead of Bank of England decision

  • Reform hits back at Tory plan to ‘abolish inheritance tax’

More from Morning Wire

  • UK government opens door to AI laws as safety warnings mount

    Tech
    Reynolds insisted that much of Labour policy already constitutes taxes on the wealthy.
  • Government admits Burnham’s Whitehall shake-up leaves tech policy in limbo

    Tech
    Andy Burnham, Mayor of Greater Manchester, in a suit and glasses, looking serious against a bright sky.
  • Jonathan Reynolds’ industrial strategy is straight out of the 60s

    Opinion
    Labour's Jonathan Reynolds unveiled the industrial strategy in June.
  • Astrazeneca and Jaguar Land Rover given power to endorse talented migrants for visas

    Politics
    Jonathan Reynolds addressing the SMMT's annual International Automotive Summit (image courtesy of SMMT)
  • Burnham is wrong. Devolution will only grow Whitehall

    Opinion
    Whitehall SW1 street sign in the City of Westminster, London, mounted on a white stone wall with decorative trim.
  • UK government slashes corporate red tape, cutting paperwork ‘longer than The Hobbit’

    Accountancy
    Jonathan Reynolds addressing the SMMT's annual International Automotive Summit (image courtesy of SMMT)
  • Thames Water faces fresh threat to survival after pensions regulation breach

    Water
    Thames Water infrastructure with pipes and maintenance workers, highlighting water management efforts in London
  • Industry chief warns ‘resilience not enough’ for growth

    Economics
    Shevaun Haviland, British Chambers of Commerce boss, speaking at a business event, emphasizing economic growth strategies
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook