General · 10 July 2026
Reeves to launch City plan to retrain staff in AI
Chancellor Rachel Reeves will announce a new "skills compact" for the City, committing financial firms to retrain thousands of workers for the AI revolution. Nearly 20 initial signatories, including Barclays and Lloyds, will draft three-year plans to train UK staff in up to five critical skills, including AI. The "skills compact" aims to help the UK's financial sector stay competitive and address fears of mass redundancies due to technological changes.
Reported by The Guardian · How we write briefs