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UK Finance Prepares for AI with Skills Compact | London News
Description
Chancellor Rachel Reeves is launching a bold new “skills compact” for the UK financial sector, bringing together giants like Barclays, Lloyds, and the London Stock Exchange to retrain thousands of workers in AI and future-ready skills. With 20 major firms already signed on, this three-year plan aims to future-proof jobs, boost competitiveness, and turn workforce upskilling into a national priority — all while ensuring training happens during work hours and is tracked annually by the Treasury. It’s a proactive, large-scale response to the AI revolution — not just to avoid job losses, but to fuel innovation and keep Britain’s financial industry at the global cutting edge.
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