AI, Tech & Green Economy - Tags "reduced fixed costs"

How Labour’s Autumn Budget 2024 Could Reshape UK Employment: Rising Costs, Automation, and the Future of Work

By Paul BarnardPosted on October 31, 2024Posted in Climate Eco News & Green Investing, PoliticsTagged AI adoption, automation, automation trends, balancing human expertise, blended workforce, economic efficiency, employer NIC hikes, flexible work, freelancers, future of work, impact on hospitality, impact on retail, job market impact, Labour Autumn Budget 2024, minimum wage increase to £12.21, recession preparedness, reduced fixed costs, rising costs, skills development, SMEs, tech-driven workforce, UK employmentNo Comments

As the Labour government announces its 2024 Autumn Budget, UK businesses are assessing the impact of new policies expected to increase employment costs across the board. Key areas of change include a rise in the minimum wage and potential hikes in employer National Insurance contributions (NICs), prompting many employers to consider automation and technology as […]