UK Finance Prepares for AI with Skills Compact | London News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bfe2e5792ce0a4bf