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Chancellor Rachel Reeves will announce a City "skills compact" on Tuesday, committing firms including Barclays, Lloyds, the London Stock Exchange, Nationwide, and Fidelity to retrain thousands of financial sector workers for the AI revolution. Nearly 20 initial signatories will draft rolling three-year plans training staff in up to five critical skills, with progress reported annually to the Treasury. It's the most significant sector-wide skills strategy since the...
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