AI Threatens Jobs, Tax Hikes Loom: Budget Worries

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Recorded10 Nov 2025

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As the UK grapples with a potential job market downturn due to AI and looming tax increases, employers urge the Chancellor to avoid raising costs in the upcoming Budget. The CIPD reports record-low employer confidence and a planned reduction in workforce by one in six employers. Major businesses like Microsoft are cutting jobs while investing in AI, and Deloitte and EY are hiring fewer graduates. The government plans to strengthen workers rights, potentially increasing labor costs, which could delay hiring and lead to redundancies. This situation may complicate inflation control, with the Chancellor considering breaking a promise not to raise income tax.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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