Businesses warn the Chancellor tax hikes is making more affordable than employing people - London Business News | Londonlovesbusiness.com
Briefly

A recent report by Pleo found that 70% of UK leaders are optimistic about business performance in 2025, though they face serious economic challenges like inflation and high energy bills. This has left 76% of financial decision-makers feeling unprecedented pressure as they navigate uncertainties. The use of AI is seen as a way to reduce manual tasks and enhance decision-making, however, only 34% are currently leveraging AI effectively. Instead, many leaders view AI as a replacement for employees due to rising labor costs, raising concerns about strategic implementation.
UK leaders recognize an optimistic outlook for business performance in 2025, yet they are confronted with significant fiscal challenges that threaten this positivity.
The reliance on AI by UK businesses appears to stem from an urgent need to manage rising employee costs, often at the expense of human capital.
Despite the apparent benefits of AI, many UK leaders are integrating it into their operations without a strategic plan, risking ineffective implementation.
Research indicates that while optimism about the future is prevalent, unexpected financial pressures mean that financial decision-makers are experiencing unprecedented levels of stress.
Read at London Business News | Londonlovesbusiness.com
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