AI Will Shrink Headcount in Various Industries

AI will shrink headcount as hiring confidence remains at record low


One in six employers expect AI to shrink their workforce over the next year, with junior roles most at risk, according to a survey conducted by the Chartered Institute of Personnel and Development (CIPD).

Almost two thirds of those surveyed believe that clerical, junior managerial, professional or administrative roles are most likely to be lost because of AI.

The risk is highest in large private sector firms, where 26% expect headcount to fall, compared with 17% in the private sector overall and 20% in the public sector.

Among those who expect headcount to reduce because of AI in the next 12 months, a quarter expect to lose more than 10% of their workforce.

James Cockett, Senior Labour Market Economist at the CIPD, said:

‘AI is transforming the way many people work and has great potential for improving productivity and performance, but it also risks leaving many people behind.

‘Junior roles stand to be most affected by AI, but we need a national drive to retrain and upskill people of all ages and career stages. It’s crucial that we see rapid progress on the development of the Growth and Skills Levy, informed by genuine consultation with employers, to ensure workers are equipped with the skills for an AI-driven economy.’

Internet link: CIPD

2025 Tax Card


Our accountant’s tax card (sometimes called a budget tax card, tax facts card, or tax rate card) is a summary sheet given by McGinty Demack to its clients after a government budget is announced. Its purpose is to give a quick, clear overview of the new tax rules, rates, and thresholds that apply for the coming tax year so clients can plan accordingly.

Download a tax card

What we typically include

Although formats vary year on year, a standard post-budget tax card usually includes:

  1. Income Tax Information

  • New tax bands and thresholds
  • Rates for each band
  • Personal allowance / standard deduction changes
  • Any surtaxes or temporary levies

  1. National Insurance / Social Security Rates

  • Employee and employer contribution rates
  • Thresholds for contributions
  • Changes announced in the budget

  1. Corporation Tax

  • Corporation tax rate(s)
  • Small-profits rate / marginal relief (if applicable)
  • Relevant allowances, reliefs, or incentives

  1. Capital Gains Tax

  • Annual exempt amount
  • CGT rates for individuals and trusts
  • Property-related CGT rates (if different)

  1. Value Added Tax (VAT) / Sales Tax

  • Standard, reduced, and zero rates
  • Registration thresholds
  • Flat-rate scheme updates, if applicable

  1. Payroll & Employment-Related Rates

  • Minimum wage / living wage rates
  • Statutory payments: maternity, paternity, sick pay
  • Employer allowances

  1. Allowances & Reliefs

  • Pension contribution limits
  • ISA / tax-advantaged savings limits
  • Inheritance tax thresholds
  • Business reliefs (R&D credits, capital allowances, etc.)

Download our Tax Card

If you need any assistance in points relevant to you please do not hesitate to contact us

2025 Budget Report



The 2025 Autumn Budget Report

Here is our review of the autumn 2025 budget delivered by Rachel Reeves Chancellor of the Exchequer on Wednesday 26th of November 2025.

Download the 2025 Budget review

It has been an unusual budget with many points pre-released prior to the presentation in the house of commons on Wednesday and also an accidental leak of the budget document online shortly before Rachel reached Centre stage. The budget has been described as I spend now pay later piece but only time will tell whether this provides economic stability as well as a fairer  society which Rachel Reeves aimed to do. Look out for our follow-up points on specific budget details in our newsfeed in the coming weeks.

Our clients who hold rental properties personally will certainly see changes not only with the legal changes giving renters more rights but also facing a 2p increase in tax rates on the rental income they receive. Read our 2025 Budget Report

If you need any further information or assistance please use our contacts page to get in touch

 

Winner Wigan Business Awards


2025  Professional Services Award

Its been almost a week since McGinty Demack accountants were selected by esteemed judges as the best Professional Services Business within the Wigan Borough.

It seems along time since February when the practice had to begin setting out the reasons why we were that bit different to our accountancy competitors.

Selected as one of five other professional services businesses in what the judges described as a very competitive field. our directors had to present the reasons why the practice stood out and what future plans are in place. for the futurity of the practice.

We didnt know how well we had done until late on Friday night we were announced as Winner Wigan Business Awards. Our sucess is a credit to our team who work with great dedication and commitment and of course our loyal clients who without them we could not be the business we are.

professional services business of the year 2025

IMF upgrades UK’s economic outlook


The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year.

The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%.

As well as upgrading its outlook for the UK, the IMF suggested the UK economy would perform better than European economies such as Germany, France and Italy over the next two years.

However, the latest IMF figures suggested the UK economy had weaker growth last year than the organisation had expected.

Rachel Reeves, Chancellor of the Exchequer said:

‘The UK is forecast to be the fastest growing major European economy over the next two years and the only G7 economy, apart from the US, to have its growth forecast upgraded for this year.

‘I will go further and faster in my mission for growth through intelligent investment and relentless reform and deliver on our promise to improve living standards in every part of the UK through the Plan for Change.’

Internet link: IMF HM Treasury

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