UK GDP beats August forecast as programming tops three-month growth
ONS data shows UK GDP grew 0.1% in August against forecasts of a fall, with computer programming the largest contributor to growth for a sixth month running.
Tag: UK economy
21 articles tagged UK economy
UK economy grows 0.4% in July as ONS points to AI and cloud firms
Computer programming output rose 3.5% and added 0.12 points to GDP. The statistics office links the jump to AI and cloud firms but says it cannot measure the effect.
Deutsche Bank puts the UK top for AI labour disruption
A 30-country analysis names Britain as the major economy most exposed to AI, citing a large share of affected roles and heavy reliance on services exports.
AI productivity gains rest on 133,000 fewer people working
LSE economists find UK productivity growth of 1.6% since late 2024, but the tax records behind it show employment falling where official figures show a rise.
AI investment starts showing up in official UK output data
Information and communications delivered almost half of Britain's 0.4% second-quarter growth, with hardware spending pushing capital investment to £22.1bn.
Bank of England finds early signs AI is lifting productivity
Staff research using ONS industry data finds AI-producing sectors driving productivity gains, echoing the first phase of the computing revolution.
AI skills could add £69bn to UK marketing sector by 2030
A Publicis Media UK study says accelerating AI skills could add £69.1bn to the UK ad and marketing sector by 2030, with the current skills gap worth 150,000 roles.
Bank of England to War-Game Full-Blown AI Shock Amid Job Loss Fears
The Bank of England is preparing to scenario-plan the economic and financial impact of a rapid AI shock, with potential inclusion in future banking stress tests.
UK Startups Are Choosing AI Over New Hires as Employment Costs Rise
New UK businesses generated an average of 2.7 jobs each last year — one fewer than when records began — as founders turn to AI and freelancers.
UK Losing More Jobs to AI Than Any Other Major Economy, Study Finds
Morgan Stanley research shows UK companies report 8% net job losses from AI, higher than US, Japan, Germany and Australia despite similar productivity gains.
Bank of England Warns AI Company Valuations Pose Financial Stability Risk
The central bank's Financial Stability Report highlights stretched AI valuations alongside private credit and gilt repo trading as elevated risk factors.
AI Could Replace 3 Million Low-Skilled UK Jobs by 2035
New NFER research predicts significant job losses in trades, administration and machine operations, while professional roles may grow.
AI Productivity Gains Offer UK Economic Reboot as Budget Looms
UK accountancy firm cuts report completion from two weeks to two hours using AI, raising hopes Britain's services-heavy economy can escape productivity stagnation.
