Business
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Martech data blind spots threaten AI payback
Only two per cent of CMOs say their marketing data is strong. Most are investing in AI without fixing weak data foundations, leaving advanced tools underperforming and marketing budgets misfiring, according to new findings from Intermedia Global.
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Many UK fintech founders eye overseas move
Rachel Reeves’ fintech strategy faces criticism from industry founders. Over a third of fintech founders criticised the UK Treasury’s approach, with some considering relocating overseas. Concerns grow over potential tax measures in the upcoming Budget.
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Keir Starmer courts business leaders pre-budget
UK business leaders meet at Downing Street amid budget concerns. Executives from major firms joined Sir Keir Starmer to discuss impending fiscal challenges. The session aimed to ease tensions before a budget expected to introduce significant tax increases.
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Generation Alpha sees flexibility and AI defining work by 2040
Generation Alpha predicts a tech-driven, flexible working world. A new study by International Workplace Group (IWG) reveals that 87% of 11–17-year-olds expect their future jobs to look nothing like their parents’ careers, with hybrid work, short commutes, and AI collaboration at the core of work by 2040.
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Flexible offices to form 20% of London market
A fifth of London’s offices will be co-working sites by 2030. Flexible office spaces currently account for 12% of the market, but new data suggests this could nearly double within five years, driven by increasing demand and landlord adaptation.
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UK unemployment hits 5 per cent as labour market cools
The UK’s unemployment rate has reached 5 per cent — its highest level in four years. Labour-market data from the Office for National Statistics suggest hiring has slowed sharply, raising pressure on the government’s forthcoming Autumn Budget and signalling a broader shift from worker shortages to labour-market slack.
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Support shortage threatens Gen Z entrepreneurship
Gen Z drives UK’s entrepreneurial surge but faces support challenges. Over 80% of 18 to 24-year-olds engage in entrepreneurial activities. However, financial pressures and limited access to professional networks threaten their potential as future business leaders.
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AI to drive job cuts, say UK firms
One in six UK employers foresee AI-driven workforce reductions. A CIPD survey reveals that clerical and junior roles face the highest risk as AI adoption accelerates. Large private firms are most likely to cut jobs, highlighting AI’s disruptive potential.
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Budget tax hikes may drive price rises
UK business leaders urge against raising employment costs in Budget. A survey reveals 86% of leaders fear Budget impacts, with 59% feeling small businesses are overlooked. Increased taxes could force price hikes, hindering growth and inflation control.
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UK cyber insurance claims tripled in 2024, says trade body
UK insurers paid out at least £197 million in cyber claims last year. Cyber insurance payouts by UK insurers tripled in 2024, according to the Association of British Insurers, as attacks on companies became more frequent and costly.