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UK AI use has widened faster than it has deepened. ONS analysis shows adoption has almost tripled since late 2023, but most businesses are still using the technology in limited ways.
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UK pay awards are settling into a steadier pattern today. Brightmine says median awards held at 3.3%, although almost half of matched settlements were lower than those made last year.
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Pay awards are steady, but reward pressure has not eased. Brightmine’s July data shows a stable median settlement, while nearly half of matched awards are lower than last year.
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Advertisers are learning that AI adoption is not impact yet. ISBA’s latest survey finds widespread generative AI engagement, but far fewer advertisers are reporting significant business results.
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Santander’s TSB integration is testing UK banking cost economics today. First-half profit fell as the enlarged lender absorbed motor finance provisions, restructuring costs, and acquisition-related impairment charges.
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Youth employment policy is turning back towards employer hiring costs. MPs want employer National Insurance relief widened for under-25s, arguing that rising wage and tax pressure is limiting entry-level opportunities.
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Aerospace funding puts UK supply chains firmly back in focus. A £600m government package combines R&D support with a new supply chain fund as ministers look to convert aviation technology into regional industrial growth.
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Small business hiring is now more digital and compliance led. First Advantage has launched a self-service screening platform for UK employers managing recruitment risk.
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Morrisons’ convenience retreat shows cost pressure reaching local store networks. The supermarket’s closure programme highlights the difficult economics of small-format grocery retail.
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Markets opened Burnham’s premiership under pressure from global risk events. London stocks fell as Middle East tensions, oil concerns, and fiscal uncertainty shaped sentiment.