- Rishi Sunak has proposed gradually abolishing National Insurance contributions to address concerns about artificial intelligence impacting youth employment.
- The former prime minister, an AI enthusiast and adviser to AI firms, stated that bosses are privately acknowledging a flattening in recruitment for entry-level jobs due to rapid AI advancement.
- Sunak suggested replacing National Insurance with taxes on corporate profits, arguing this would make employing people more attractive than solely relying on AI software, which incurs fewer costs for businesses.
- He warned that individuals are more likely to lose their jobs to someone utilising AI effectively than to AI itself, stressing the importance of 'AI literacy' as a vital skill for the modern workforce.
- Sunak also highlighted the UK's strong position as an 'AI superpower' and mentioned his collaboration with Labour's David Lammy to encourage investment in the nation's tech sector.
IN FULL
