Economy

AI threat to Scottish finance jobs yet to fully materialise

Leave a Comment / Company News, Economy, Finance, News, Scotland /

A major finance recruiter has warned that the sector must embrace the wave of transformation resulting from artificial intelligence (AI), but that the jobs market is yet to be significantly impacted. With financial services widely tipped as an industry set to experience significant change from the rapid development of AI, the leading Scottish financial recruiter […]

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Report says AI will boost UK economy by £400 billion

Leave a Comment / Economy, England, Figures, Finance, News /

The rise of artificial intelligence (AI) has the potential to boost Britain’s economy by £400 billion by the end of the decade, according to a report by Google In the tech giant’s first report on its economic impact in the UK for three years, Google said AI technology has the power to “turbocharge” UK productivity,

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PM and Chancellor urged to unlock billions in economic boost through government investment

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Rishi Sunak and Jeremy Hunt have been urged to ramp up government investment spending to unlock a £149bn economic boost, according to a report by the Institute for Public Policy Research (IPPR). The IPPR stated spending on expanding quality projects such as renewable energy infrastructure and improving transport networks could “pay for itself” by retaining

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New Funding Pot Helps North East’s Third Sector Reach Net Zero

Leave a Comment / ECO News, Economy, Figures, News, Scotland /

Social enterprises in Aberdeen, Aberdeenshire and Moray can now apply for a share of a £2 million funding pot designed to support the third sector with the transition to net zero. The Social Enterprise Just Transition Fund, supported by the Scottish Government has been extended following a successful pilot year, during which seven social enterprises

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UK Inflation Remains Down 2.4% from Last Year

Leave a Comment / Economy, England, Figures, News /

Inflation has stagnated at 8.7%, the same rate as three months ago, causing businesses and consumers concern amid hopes of a decline, since the UK has been on a downward trend in inflation figures which peaked at 11.1% last year. As Prime Minister Rishi Sunak pledges to halve inflation this year, statistics shows that “Core” inflation,

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CONSUMERS FOCUSING MORE ON COMPANY ETHICS DURING CURRENT ECONOMIC DOWNTURN

Leave a Comment / Economy, England, News, Stats /

Businesses hoping to ride out the economic downturn by reducing customer service or ditching their environmental and social commitments may find themselves punished by consumers, according to new research by management consultancy Baringa.  The company polled 6,028 consumers worldwide including 1,002 in the United Kingdom. It found that just under 4 in 5 (79%) UK

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NEW FIGURES SHOW RECORD LEVELS OF EQUITY INVESTMENT IN WALES

Leave a Comment / Economy, News, Stats, Wales /

The Development Bank of Wales has released new data that shows a 66% growth in equity investments in Wales with the figure for 2022/23 reaching £22.9 million. This is just over double from the 2021/22 figure of £11.6 million. In a challenging economic context, which saw CPI at 10.1% in the 12 months to March

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WEST MIDLANDS TOURISM ECONOMY ENJOYS POST COVID BOOST

Leave a Comment / England, Figures, News, Stats /

The West Midlands welcomed 141.2 million visitors in 2022, smashing the previous record set before the covid-19 pandemic, according to newly released data. The figures represent a 38% increase on tourist numbers in 2021 and a 5% rise compared to 2019 data which was the last research to be carried out before the tourist industry

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BUSINESS ADVISERS SAY SCOTTISH INSOLVENCY ACTIVITY HAS BEEN IMPACTED BY COST OF LIVING CRISIS

Leave a Comment / Covid, Economy, Figures, News, Professional Services, Scotland /

Wylie & Bisset, Accountants and Business Advisers, has said that profitable businesses that suffered financially during the pandemic are now being squeezed by a cost-of-living crisis which has led to a high level of Scottish insolvency activity. The number of insolvency-related activities in Scotland has reached its highest level this year, according to new research from R3,

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MORE WORKERS ARE INTERESTED IN MOVING TO EDINBURGH FOR OVERALL QUALITY OF LIVING

Leave a Comment / Covid, Economy, News, Scotland, Stats /

The first Totaljobs Quality of Living Index which unveils the cities where workers can find the best work-life balance in the UK, has found that Edinburgh has achieved the highest scores for overall quality of living, offering residents higher rates of local happiness, access to affordable housing and the best commute times. Rising living costs

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