Articles by Irina Anghel

Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion

The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Just one in 10 UK workers were …

London Firms Are Letting More Staff Work Entirely From Home

London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living costs. The proportion of white-collar jobs …

UK Stands to Lose 8 Million Jobs From AI, Analysis Warns

As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff, a figure …

London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report

Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial intelligence, a new UK government report found, urging changes in schools and training programs to ease the impact. Jobs in …

UK Staff Coming Into the Office Now Outnumber Hybrid Workers: Survey

British workers coming into the office every day outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions. A survey by recruitment company Hays Plc of nearly 15,000 white-collar …

Car Premiums to Rise Again as British Insurers Feel the Heat

Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects the rest of the market to follow suit, …

Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’

Chatbots, data scientists, software engineers. As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals. Law firms are advertising for experts in …

McKinsey Creates New Ethics Role After $641 Million Opioid Fallout

McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP “turbocharge” opioid sales. The management consulting giant is hiring for a newly created position with its global “ethics allegations management …

UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas

Seven of the UK’s 10 largest listed companies have failed to comply with the FCA’s new gender-diversity quotas, a reminder of the scale of the challenge facing businesses as they look to improve diversity in their upper ranks. AstraZeneca Plc, …

Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid

Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into 2023. The insurance exchange told staff Tuesday that those earning less than £75,000 would receive the one-time contribution, according to …