'Phantom investment' scandal rocking Britain: These firms pledged billions to revolutionise the UK... but, a year on, FRED KELLY reveals what's really happened to their plans... and why one planned site is now a scrapyard
- Posted on March 11, 2026
- By Daily Mail
- 5 Views
'Phantom investment' scandal rocking Britain: These firms pledged billions to revolutionise the UK... but, a year on, FRED KELLY reveals what's really happened to their plans... and why one planned site is now a scrapyard

Rather than merely writing students' essays for them, putting people out of work or creating 'deepfake' pornography, AI finally looked set to deliver tangible economic benefits to Britain.