Not So Ordinary Accountants

AI could replace up to 8 million UK jobs, warns report

28 Mar 2024

Up to eight million UK jobs are at risk from the rise of artificial intelligence (AI), according to a report by the Institute for Public Policy Research (IPPR).

The effects of generative AI are already being widely felt as 11% of tasks done by workers are currently exposed, said.

It said that back office, entry level and part-time jobs were at the highest risk of being disrupted during the so-called first wave, with women and young people the most likely to be affected as a result.

Carsten Jung, Senior Economist at the IPPR, said: 'Already existing generative AI could lead to big labour market disruption or it could hugely boost economic growth, either way it is set to be a game changer for millions of us.

'The question now is less whether AI can be useful, but rather how fast and in what manner employers will use it. History show that technological transition can be a boon if well managed or can end in disruption if left to unfold without controls. Indeed, some occupations could be hard hit by generative AI, starting with back-office jobs.

'But technology isn't destiny and a jobs apocalypse is not inevitable – government, employers and unions have the opportunity to make crucial design decisions now that ensure we manage this new technology well. If they don't act soon, it may be too late.'