The UK manufacturing sector made a strong start to 2017 with output rising at the fastest rate since May 2014. New order intakes expanded at a robust pace and, according to the Markit/CIPS Purchasing Managers’ Index (PMI), price pressures intensified – input cost inflation surged to a survey record high and output charges also increased…

UK CEOs are lagging behind the rest of the world in addressing how artificial intelligence (AI) and automation will impact their business, according to PwC research. PwC’s 20th CEO Survey, published at the World Economic Forum in Davos, reveals that nearly half (47%) of UK CEOs say they are not currently addressing the impact of…

Lloyds Bank has announced cuts to 625 jobs across several divisions including commercial banking, according to Unite. The trade union also reports that the move includes the offshoring of up to 82 roles in IT across the bank’s departments. In addition to commercial banking, other impacted divisions include consumer finance, group risk and legal &…

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