AI could replace up to 8 million UK jobs, warns report

28 Mar 2024

Up to eight million UK jobs are at risk from the rise of artificial intelligence (AI), according to a report by the Institute for Public Policy Research (IPPR).

The effects of generative AI are already being widely felt as 11% of tasks done by workers are currently exposed, said.

It said that back office, entry level and part-time jobs were at the highest risk of being disrupted during the so-called first wave, with women and young people the most likely to be affected as a result.

Carsten Jung, Senior Economist at the IPPR, said: 'Already existing generative AI could lead to big labour market disruption or it could hugely boost economic growth, either way it is set to be a game changer for millions of us.

'The question now is less whether AI can be useful, but rather how fast and in what manner employers will use it. History show that technological transition can be a boon if well managed or can end in disruption if left to unfold without controls. Indeed, some occupations could be hard hit by generative AI, starting with back-office jobs.

'But technology isn't destiny and a jobs apocalypse is not inevitable – government, employers and unions have the opportunity to make crucial design decisions now that ensure we manage this new technology well. If they don't act soon, it may be too late.'

icaew logo acca logo sage logo sageone logo bas xero

Home | Contact us | Accessibility | Disclaimer | Help | Site map | © 2024 Madisons. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Madisons is a trading name of Madison Business Services Limited Registered office: Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF. Company Number: 03800186, VAT Registration Number: 741 1182 67 Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our Audit Registration can be viewed at www.auditregister.org.uk.
Telephone: 0161 434 3535 | Fax: 0161 445 0430 | Email: enquiries@madisons.co.uk.

Address
Madisons, Bushbury House, 435 Wilmslow Road, Withington, Manchester, Lancashire M20 4AF