Aldermore puts jobs at risk in retreat from invoice finance market Banking Aldermore is weighing a round of layoffs as it consults on plans to scale back its invoice finance business ahead of a sale, City AM can reveal. The Reading-headquartered lender is discussing plans to shrink its invoice finance division and slash the amount of customers it serves in the market, sources told City AM. The [...]
‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI Banking The boss of Lloyds Banking Group is preparing to wield the axe on its cost base as the bank doubles down on AI ambitions. Charlie Nunn, the chief executive of the financial services giant, said AI is “going to impact work” and “require us to reskill people and hire new people” as he revealed a [...]
I’m a 21-year-old grad, why does the government want me to go on the dole to get a job? Opinion Oliver Dean was turned away from Job Centre because he wasn’t already on benefit. No wonder the welfare bill is ballooning Andy Burnham’s answer to youth unemployment has arrived. It begins with 14-year-olds, and the new technical pathways reach classrooms in September 2028. There is a great deal to be said for it and, as [...]