Chancellor Rachel Reeves is set to unveil a City skills compact aimed at reskilling thousands of financial sector employees to meet the demands of the AI era. Major banks like Barclays and Lloyds will join this government-backed effort to help workers adapt to rapid technological changes and mitigate the risk of widespread job losses. The announcement will be made during Reeves’s anticipated final Mansion House speech before a new administration takes over, highlighting a commitment to future-proofing the financial workforce.
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