ChatGPT wipes out entry level jobs June 30, 2025 Vacancies for graduate roles, apprenticeships, internships, and junior positions have decreased by more than 30 per cent since ChatGPT emerged at the end of 2022. The research by Adzuna follows a warning last month from the Chief Executive of artificial intelligence heavyweight Anthropic, Dario Amodei, who said that AI could eliminate up to 50 per cent of [...]
Private sector braced for sharp decline, CBI warns June 30, 2025 Private sector businesses across the country are braced for a sharp decline in activity in the next three months, the UK’s largest industry body has warned, as Chancellor Rachel Reeves struggles to reverse low business confidence trends. Reeves may have hoped that the industrial strategy, plans on infrastructure investment and pension reforms aimed at boosting [...]
AI system to analyse NHS databases and identify scandals June 30, 2025 The UK will be the first country in the world to use an AI system to analyse hospital databases and catch potential safety scandals early, the government has announced. The technology can identify patterns of abuse, serious injuries, deaths or other incidents that can slip through the net. When concerns are raised, the Care Quality [...]
Streeting’s junk food crackdown labelled ‘nanny state mission’ June 29, 2025 Retail bosses have hit out at a government plan to stop supermarkets from selling junk food in favour of fruit and vegetables as a “nanny state” policy that would add to red tape faced by high street shops. Under new plans to tackle the NHS’s £11.4bn obesity bill, the government will set supermarkets a “healthy [...]
Will banks be able to escape a Reeves’ tax raid this Autumn? June 27, 2025 As Rachel Reeves watches her fiscal headroom crumble with every Labour U-turn, the Chancellor may return to her budget mantra that those with the “broadest shoulders should bear the heavier burden”. Lenders managed to skirt a tax raid in the 2024 budget after lobbyists warned it could damage the sector’s international competitiveness, but renewed fiscal [...]
Kemi Badenoch: I’ll only support welfare bill if government pledges no tax rises June 27, 2025 Kemi Badenoch has said she would only support Labour’s welfare bill if the government pledges not to raise taxes further at the next budget. More than 100 Labour MPs had threatened to vote against the bill in its original form amid concerns over a reduction in personal independence payments to their constituents. The government has [...]
Reeves may need larger fiscal buffer to ‘build credibility’ June 27, 2025 Chancellor Rachel Reeves may need to make her headroom larger than £9.9bn in the autumn to restore credibility and fund policy U-turns, an economics think tank has warned, prompting warnings that “unpopular tax hikes” are coming down the line. Proposed welfare reforms saved the government £4.8bn at the Spring Statement in a last minute rush [...]
Labour’s welfare U-turn spikes fears of tax hikes June 27, 2025 The Labour government has confirmed its latest U-turn with a significant retreat on welfare reform dealing a crushing blow to Rachel Reeves’ waning fiscal headroom. The bill initially targeted restrictions on personal independence payments (PIP) and limited the sickness-related element of universal credit in a bid to shed £5bn from the welfare budget by 2030. Under [...]
Heathrow eyes earnings crunch as national insurance hike weighs June 27, 2025 London Heathrow airport expects its earnings for 2025 to take a hit as it weighs the cost of Labour’s hike to employer’s national insurance contributions. The airport expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to decrease by three per cent to near £1.98bn over the year due to higher operating costs brought on [...]
Jeremy Hunt ‘made mistake’ in taxing non doms June 27, 2025 Former Chancellor Jeremy Hunt was wrong to target non doms as part of efforts to raise more government revenue from tax, shadow business secretary Andrew Griffith has said. Hunt abolished a special tax status for non-domiciled residents in his last Budget, then raising £2.7bn, before Rachel Reeves went further by removing a carve-out that allowed [...]