Sunak urges rethink on taxing jobs as AI begins to reshape hiring

cityam03-22

Sunak argued that current policy risks lagging behind these changes Rishi Sunak has called for a rethink of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh ...

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18:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/sunak-urges-rethink-on-taxing-jobs-as-ai-begins-to-reshape-hiring/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sunak argued that current policy risks lagging behind these changes Rishi Sunak has called for a rethink of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh ...</p>\n\n<a href=\"https://www.cityam.com/sunak-urges-rethink-on-taxing-jobs-as-ai-begins-to-reshape-hiring/\">Source 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companies weigh the cost of people against automation.Writing in The Times, Sunak said employers face immediate costs when hiring through national insurance contributions , while deploying AI carries no equivalent tax burden, which is a gap he suggested could become more significant as businesses adopt the technology.“You are far more likely to lose your job to someone using AI than to AI itself”, the former prime minister wrote.His intervention comes as early signs emerge that AI is starting to affect hiring rather than outright employment levels.Taxing a changing labour marketSunak argued that current policy risks lagging behind these changes, with official labour market data often too slow to capture real-time shifts in hiring and job design.He backed plans by Rachel Reeves to establish an AI economics","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4587":"ChatGPT概念","BK4588":"碎股","BK4528":"SaaS概念","NIC":"Nicolet Bankshares Inc.","BK4585":"ETF&股票定投概念","BK4023":"应用软件","AI":"C3.ai, Inc.","BK4543":"AI","BK4551":"寇图资本持仓","AIYY":"YIELDMAX AI OPTION INCOME STRATEGY ETF","BK4211":"区域性银行"},"translate_title":"随着人工智能开始重塑招聘，苏纳克敦促重新考虑对工作征税","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":0.9,"AIYY":0.6,"NIC":1},"content_text":"Sunak argued that current policy risks lagging behind these changes Rishi Sunak has called for a rethink of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh the cost of people against automation.Writing in The Times, Sunak said employers face immediate costs when hiring through national insurance contributions (NIC), while deploying AI carries no equivalent tax burden, which is a gap he suggested could become more significant as businesses adopt the technology.“You are far more likely to lose your job to someone using AI than to AI itself”, the former prime minister wrote.His intervention comes as early signs emerge that AI is starting to affect hiring rather than outright employment levels.\n\nResearch from Anthropic found no clear rise in unemployment in AI-exposed roles since the launch of generative AI tools, but pointed to a slowdown in hiring, particularly among younger workers.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJob entry rates for those aged 22 to 25 in exposed occupations have fallen compared with pre-2022 levels.Separate industry data suggests firms are already adjusting behaviour. The British Standards Institution found 41 per cent of businesses say AI is enabling headcount reductions, while nearly a third now consider AI solutions before hiring a human.And at the same time, broader shifts in the labour market are underway, with more than 1.17 million jobs having been axes in the US in 2025, as companies restructured following the pandemic-era hiring boom.\n\nTaxing a changing labour marketSunak argued that current policy risks lagging behind these changes, with official labour market data often too slow to capture real-time shifts in hiring and job design.He backed plans by Rachel Reeves to establish an AI economics institute, but said it would need access to live data from job markets and technology firms to be effective.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621555714","isCrawlerRequest":true}