AI v. Hiring
AI v Hiring
According to a survey conducted by Boston Consulting Group, 51 per cent of employers said they would prioritise investment in AI as opposed to hiring staff. A key factor mentioned in this decision is the increase of employers’ national insurance by the UK government. Are we reaching the tipping point in the internal audit profession where computers will start to encroach into headcount decisions?
City Minister Withdraws from China Trip
Tulip Siddiq was forced to withdraw from a trip to China as she faces calls to resign from the leader of the opposition. She has referred herself to a parliamentary commission following allegations that she benefitted from money stolen from Bangladesh.
Reeves Seeks to Revive China Link
UK Chancellor, Rachel reeves, wants to revive the electronic link between the London and Shanghai stock exchanges. Leading a business trip to China, she is looking to increase co-operation in bonds, pensions and capital markets as well as equities.