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UK economy could get a £550 billion boost from AI by 2035, Microsoft claims

Workplace Insight

A new report commissioned by Microsoft suggests that the UK economy could see a significant boost of £550 billion by 2035 if the country embraces artificial intelligence (AI) and cloud technology. Strategic use of AI in the public sector could save the UK £17 billion by 2035, enough to fund salaries for over 330,000 nurses.

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Payroll in the last 12 months: wage theft, legislation, natural disasters and global crises

Ascender

Some of the legislation updates we have seen in the past year are: Australia: Annualised salary changes. On March 2020, the Fairwork Commission introduced changes to annualised salaries , affecting over 22 modern awards including the Clerks Private Sector Award 2010. Singapore: Increase to CPF contributions for senior workers.

Payroll 52
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Payroll and the financial year that was: wage theft, legislation, and crises

Ascender

Some of the legislation updates we have seen in the past year are: Australia: Annualised salary changes. On March 2020, the Fairwork Commission introduced changes to annualised salaries , affecting over 22 modern awards including the Clerks Private Sector Award 2010. Singapore: Increase to CPF contributions for senior workers.

Payroll 52