Autumn Statement: Five things to look out for, from rabbits and taxes to pubs and cuts November 22, 2023 Chancellor Jeremy Hunt will today unveil the Autumn Statement. City A.M. has broken down our top five things to watch out for.
Business budget: Hunt vows to cut taxes and boost investment by £20bn a year by 2030 November 21, 2023 Jeremy Hunt has vowed to boost business investment by £20bn a year by 2030 ahead of the Autumn Statement.
Reach embraces TikTok after slashing over 2,000 jobs since 2010 November 8, 2023 Reach, owner of the Mirror and Express papers, is looking to hire social media influencers after it announced its largest mass culling of jobs since 2020 today. It comes as the British publisher has cut more than 2,000 roles since 2010.
X owner Elon Musk tells PM Rishi Sunak AI will eventually mean ‘no job is needed’ November 2, 2023 Elon Musk has told Rishi Sunak he believes artificial intelligence (AI) is “the most disruptive force in history” and that eventually “there will come a point where no job is needed”.
Government stuck in public services ‘doom loop’, top think tank warns October 30, 2023 The government is stuck in a “doom loop” with the UK’s public services “in a dire state”, a top think tank has warned. An annual report on UK public services has forecast that almost all services, other than child social care, could perform worse in 2027-2028 when compared to pre-pandemic levels. This is due to [...]
Square Mile’s job market shrinks as firms cut costs October 30, 2023 Job openings in the City's financial services sector have fallen for the second consecutive quarter as firms respond to high costs and overhiring.
Impact A.M. ESG Awards: Recognising Excellence in UK ESG Initiatives October 26, 2023 As we gear up for the City AM ESG Awards ceremony on the 12th of December, we are thrilled to introduce our panel of judges who will play a pivotal role in recognizing excellence in the world of Environmental, Social, and Governance (ESG) initiatives. At City AM, we believe that a fair, transparent, and credible [...]
Rishi Sunak: UK shouldn’t ‘rush to regulate’ AI despite dossier of dangers October 26, 2023 Rishi Sunak has said the UK “shouldn’t be in a rush to regulate” the development of artificial intelligence (AI) despite a dossier of potential dangers laid out by the government. The Prime Minister made a speech on the risks and rewards of the new technology at the Royal Society this morning ahead of the UK’s [...]
No10: We can’t rule out AI posing ‘existential threat’ to humanity October 25, 2023 No10 says it is unable to rule out artificial intelligence (AI) posing an “existential threat” to humanity.
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]