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UK government unveils AI investment initiative to generate new jobs.
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A third of UK employees feel uninspired at work. O.C. Tanner’s latest Global Culture Report finds a significant “inspiration gap” between employees’ ambitions and workplace reality, linking it to falling engagement, slower innovation, and weaker productivity across British organisations.
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Upgrading connected tech could add nine days of productivity. A BT Business report suggests better connectivity could offset the average sick leave lost per UK worker and ease workplace stress by 2030, as companies invest in AI and cloud-enabled tools to improve efficiency, retention, and wellbeing.
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Energy jargon is emerging as a new cost pressure for UK SMEs. Research from Valda Energy shows that more than half of small businesses struggle to understand key terms — a knowledge gap now linked to higher billing confusion and increased payment risks.
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UK Finance CEO warns against bank tax hikes in Budget. David Postings cautions that increasing taxes on banks could harm London’s competitiveness and economic growth. He emphasises the financial sector’s role in job creation and tax contributions.
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Lloyds Banking Group has agreed to acquire London fintech Curve for a reported £120 million. The move marks the bank’s latest step in expanding its digital payments and wallet capabilities, aiming to integrate Curve’s card-consolidation technology into its mobile platform by mid-2026, subject to regulatory approval.
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The UK’s annual inflation rate eased to 3.6 per cent in October. It marked the first decline in five months, according to the Office for National Statistics.
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EU regulators have launched investigations into Amazon Web Services and Microsoft Azure. The European Commission says the probes will examine whether the two tech giants’ cloud services should face tougher obligations under digital market rules.
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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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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.