Our London Futures insights series focuses on the London economy and what it needs to do to maintain and reinforce its position as a leading global business hub. Our latest report in the programme focuses on the challenges and opportunities that technology presents to London.
The findings indicate that a significant shift is occurring in the labour market. Jobs that do not need to be done in London, or can be fully replaced by technology, will continue to leave the city. However, the job losses will be outweighed by new jobs requiring skills that involve creativity, complex problem-solving and high technical content.
The report brings together research from Oxford Martin School academics Carl Benedikt Frey and Michael A Osborne on the potential impact of automation on jobs in the UK and London over the next two decades, and a Deloitte survey of 100 London based organisations, exploring the new jobs that will be created, the skills that will be needed, and the implications for current working practices.