AI could replace 3m low-skilled jobs in the UK by 2035, research finds

Unimetals, a scrap metals recycling company operating at 27 locations across the UK, has filed for compulsory liquidation after failing to secure a buyer, putting over 650 jobs at risk. The winding-up petition was filed on Monday, highlighting the company's dire financial situation.

Rachel Reeves is expected to announce a downgrade in the UK's economic growth forecasts for the next five years during her upcoming budget presentation, attributing this revision to a lack of investment under previous Tory administrations. The Office for Budget Responsibility (OBR) has reportedly adjusted its growth predictions for each year up to 2030-31.

A metals recycling company has filed for liquidation, raising concerns about the future of its operations across the UK. The exact number of jobs at risk remains unclear as the company navigates this challenging financial situation.

A recent report indicates that the UK is now the most expensive country in the world to develop nuclear power, with experts criticizing the overly complex regulatory framework that hinders progress. This finding has raised concerns about the future of nuclear energy projects in Britain.

A recent government review has determined that the UK is now the most expensive country in the world to build nuclear power stations, attributing this to excessive bureaucracy and regulatory complexity. The nuclear regulatory taskforce, initiated by Keir Starmer, aims to streamline planning and environmental rules to expedite the construction of reactors.

UK employers have urged Chancellor Rachel Reeves to make difficult decisions regarding the upcoming budget, emphasizing the need for fiscal responsibility amidst economic uncertainty.

The UK government has announced a 25% reduction in energy bills for over 7,000 manufacturers starting in 2027, as part of a strategy to engage businesses ahead of a significant tax-raising budget. This initiative aims to alleviate financial pressures on manufacturers and foster a more favorable business environment.

Chancellor Rachel Reeves is set to implement a crackdown on benefit fraud while simultaneously lifting the two-child limit for universal credit, a move expected to cost £3 billion. This initiative aims to generate an additional £1.2 billion in savings as the government addresses rising welfare spending criticisms ahead of the upcoming budget.