{"slug": "ai-is-starting-to-create-jobs-in-the-uk-lloyds-survey", "title": "AI is starting to create jobs in the UK: Lloyds survey", "summary": "A Lloyds Business Barometer survey of 1,200 UK companies found that 54% said AI led to job creation, with a quarter increasingly hiring candidates with AI skills and a fifth creating new AI-specific roles. Amanda Murphy, CEO of business and commercial banking at Lloyds, said firms must shift from accessing AI to building the skills, culture, and confidence to use it effectively. Over 70% of large businesses plan to step up AI investment to boost productivity.", "body_md": "# AI is starting to create jobs in the UK: Lloyds survey\n\nOver 70% of large businesses surveyed said they plan to step up AI investment to boost productivity\n\nMOST British businesses say artificial intelligence has created new roles, according to a survey that suggests firms are moving beyond experimentation and starting to reshape hiring around the technology.\n\nThe Lloyds Business Barometer found a quarter of UK employers are increasingly hiring candidates with AI skills, while a fifth are creating new AI-specific roles. More broadly, 54 per cent said the technology led to job creation.\n\nAmanda Murphy, CEO of business and commercial banking at Lloyds, said firms have to shift their focus from accessing AI to “building the skills, culture and confidence to use it effectively.”\n\nThe findings underscore a shift that promises gains for firms that use AI and disruptions for workers across swathes of the labour market. The survey polled 1,200 companies in July.\n\nOnline job postings point to AI creating a two-speed economy, with firms hiring senior workers who have AI skills while cutting back elsewhere as high employment costs continue to bite.\n\nHiring for AI-exposed positions like software developers or consultants has slumped since 2022, and the view that AI will ultimately mean fewer jobs is now mainstream among CEOs.\n\nAnalysis by Bank of England staff also showed firms using AI are becoming more productive, but those gains are coming at the expense of jobs.\n\nNew Prime Minister Andy Burnham has taken a more hawkish approach to AI in his first weeks in office, particularly in his warnings about the impact on jobs and young people.\n\nAI is also preoccupying officials at the Bank of England, with Governor Andrew Bailey highlighted the challenge of moving from adopting the technology to using it as a productivity booster.\n\nWhile AI has the potential of propelling the UK out of its growth slump, its effect on productivity may follow a J-curve as businesses need time to learn how to use it.\n\nBeyond hiring for AI skills, firms surveyed by Lloyds said they are also introducing or expanding training programmes for existing staff.\n\nTwo-thirds of firms with turnover above £10 million (US$13.6 million) said their current workforce had the AI skills needed to meet business demands, compared with just over half of firms overall.\n\nOver 70 per cent of large businesses also said they plan to step up investment in the technology to boost productivity. BLOOMBERG\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nKallang Distripark set to be redeveloped for thousands of new private homes\n\nFinancial planners urge investors to consider other options as T-bills yields lose steam\n\nCar-rental firm Charlotte Vehicle allegedly owes about S$140,000 to 34 customers\n\nToo little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry", "url": "https://wpnews.pro/news/ai-is-starting-to-create-jobs-in-the-uk-lloyds-survey", "canonical_source": "https://www.businesstimes.com.sg/international/ai-starting-create-jobs-uk-lloyds-survey", "published_at": "2026-08-18 00:18:13+00:00", "updated_at": "2026-08-18 00:42:10.763206+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy"], "entities": ["Lloyds", "Amanda Murphy", "Bank of England", "Andy Burnham", "Andrew Bailey"], "alternates": {"html": "https://wpnews.pro/news/ai-is-starting-to-create-jobs-in-the-uk-lloyds-survey", "markdown": "https://wpnews.pro/news/ai-is-starting-to-create-jobs-in-the-uk-lloyds-survey.md", "text": "https://wpnews.pro/news/ai-is-starting-to-create-jobs-in-the-uk-lloyds-survey.txt", "jsonld": "https://wpnews.pro/news/ai-is-starting-to-create-jobs-in-the-uk-lloyds-survey.jsonld"}}