‘Slow-moving tsunami’ – IMF warns AI could hit 60 per cent of jobs in advanced economies AI AI’s impact on employment “is a slow-moving tsunami, but a tsunami nonetheless”, the head of the International Monetary Fund (IMF) has warned, as the technology threatens to reshape six in ten jobs across advanced economies. Kristalina Georgieva, managing director of the IMF, said AI could affect 40 per cent of jobs worldwide, rising to 60 [...]
Brewdog founder James Watt slams Burnham over Neets crisis Politics Brewdog co-founder James Watt has attacked Andy Burnham for “dangerous narratives” around youth joblessness, criticising the government for hiking the cost of employment. The beer tycoon said the Prime Minister is wrong to “blame the system” and should instead cut the cost of hiring workers and “get out of the way”. The Scottish businessman, who [...]
UK economy’s rebound fails to stem two years of mass job losses Economics A rebound in the UK economy over August has failed to turn around the country’s flagging labour market after nearly two years of job losses, new estimates have shown. Data tracked by S&P Global suggested the UK’s private sector grew at the fastest pace in four months in August despite concerns around business costs and [...]
Goldman: Junior white-collar workers squeezed hardest by AI hiring slump August 19, 2026 Artificial intelligence is beginning to weigh most heavily on junior white-collar jobs, according to Goldman Sachs, as new research points to a growing divide between workers entering industries such as consulting and advertising, and their more experienced colleagues. The Wall Street bank analysed employment across more than 800 occupations and found that AI-related hiring pressures [...]
Shares jitter at City recruiter Hays after taking chop to operations June 17, 2026 Shares in Hays see-sawed on Wednesday morning as the recruiter revealed it had offloaded operations across six different countries. The FTSE 250 human resources firm said it had banked £4m on the sale of operations in the Czech Republic, Denmark, Hungary, Luxembourg, Romania and Sweden. The group expects the transaction to lead to a non-cash [...]
Starmer ally defends minimum wage quango after Sunak calls for it to be axed June 9, 2026 Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told City AM it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]
CBI: 200,000 more Brits to face unemployment this year as growth crumbles June 9, 2026 The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]
Pub bosses warn tax hikes driving youth unemployment crisis June 1, 2026 Pub bosses have warned that Labour tax hikes are driving the youth unemployment crisis, which is pushing the UK towards an “economic catastrophe”. Several hospitality leaders have called on the government to reverse its increases to employer national insurance contributions (NICs), which pubs say are making it harder for them to hire young people. Last [...]
Hollywood Bowl boss: ‘Incredibly painful’ tax hikes make it harder to hire May 27, 2026 The boss of Hollywood Bowl has hit out at Labour’s “incredibly painful” hikes to national insurance and the minimum wage for making it harder to employ workers. Stephen Burns, chief executive of the UK’s largest tenpin bowling operator, told City AM that Labour policy has made it “significantly more expensive to employ somebody than it [...]
London AI jobs boom as Anthropic salaries hit £630k May 26, 2026 London’s AI hiring race is accelerating at dizzying rates, with Anthropic offering some engineers in the capital as much as £630,000 a year as Big Tech firms battle for AI talent. The US AI giant, backed by Amazon and best known for its chatbot Claude, is currently hiring for over 40 London roles as it [...]