Artificial intelligence could eliminate up to nearly 8 million jobs in the United Kingdom, according to a new study, which cautions that women and early-career employees are most at risk of being put out of work. Government policy, however, could allow the U.K. to avert job losses and harness AI for a breakneck economic surge,...
Category: Jobs
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1.5M UK jobs now at risk from AI, report finds
Some 11% of job tasks in the UK are currently at risk of AI replacement, a new report by the Institute for Public Policy Research (IPPR) has found. In the worst case scenario, this translates to a loss of 1.5 million jobs — without any GDP gains. IPPR’s analysis showed that the impact is mostly evident on...
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AI ‘risks up to eight million UK job losses with low-skilled worst hit’, report warns
Up to eight million UK jobs are at risk from the rise of artificial intelligence (AI), according to a report warning that the low-skilled would be worst affected. The effects of generative AI are already being widely felt as 11% of tasks done by workers are currently exposed, the Institute for Public Policy Research (IPPR)...
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Early signs of recovery in UK jobs market
After some of the steepest falls in live vacancies since before the Covid-19 pandemic, the UK jobs market appears to be turning a corner. February saw 866,242 advertised job vacancies, falling just -0.14% compared to January, according to the UK Job Market Report by job search engine Adzuna, driven by increasing monthly job openings in...
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Australia’s $4.6bn Aukus funding to help create more than 1,000 jobs in UK, Rolls-Royce says
Australia’s Aukus funding will help create more than 1,000 new jobs in Derby in the United Kingdom, according to the beneficiary, Rolls-Royce. The project – which is jointly funded by the UK’s Ministry of Defence – is also expected to see the construction of new office space in addition to manufacturing facilities. The Australian government...
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PM announces national endeavour to strengthen the UK’s nuclear deterrent
Prime Minister to announce public and private investment to reinforce the nuclear workforce and support 40,000 expected new jobs Government will commit more than £200m over the next decade to ensure Barrow thrives as the home of UK nuclear submarine-building Defence Secretary will publish flagship Defence Nuclear Enterprise Command Paper later today to set out full...
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Furlough didn’t save millions of jobs. Its true costs are only now becoming clear
The latest Rishi Sunak advert paints him as quite the hero. “14 million jobs saved” it declares, in Hollywood poster style. And underneath: “Furlough announced, four years ago today.” SuperSunak is shown in three action-man guises: at his desk, in trademark hoodie. Then walking, with a look of urgent purpose. Finally, wearing a face mask,...
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Hundreds of jobs at risk as Ted Baker calls in administrators
Hundreds of high street jobs are at risk after Ted Baker’s British operations veered to the brink of administration. Sky News has learnt that No Ordinary Designer Label, which trades under the Ted Baker brand, filed a notice of intention to appoint Teneo Financial Advisory as administrators on Tuesday. The move is expected to result...
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Marmite maker Unilever to cut 7,500 jobs
Unilever, the consumer goods firm behind brands including Marmite and Domestos, has revealed plans to cut 7,500 jobs across its global operations. The UK-based firm, which employs around 128,000 staff, said the proposed losses would come mainly from office roles as technology advanced. It admitted the UK, where it has 6,000 workers, would be included...
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The sickly seaside town that turned its back on work
Baroness Grey-Thompson also believes society has written off many disabled people unfairly. She believes many want to, and can, work. Ableism is rife, she claims, adding that she has also felt patronised in the past by people who believe they know best. “Disabled people are ignored – they are 20pc of the population. But it...
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Macmillan Cancer Support to axe 150 jobs amid soaring inflation
Macmillan Cancer Support, one of Britain’s biggest and best known charities, is planning to axe 150 jobs – one in 14 of its workforce – saying that it is getting harder to raise money to cover rising demand for its help due to increasing numbers of people living with cancer. The charity, whose services play...
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Metro Bank to axe 1,000 jobs but commits to High Street branches
Metro Bank returned to profit for the first time since 2018 after announcing up to 1,000 jobs will go by next month. The high-street lender said it will cut more than a fifth (22%) of its 4,266-strong workforce – more than it said it initially planned. The news came as it reported pre-tax profit of...