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The Latest Breaking News from BT

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

The Guardian - UK

FTSE 100 Live: ‘Pressure on the Bank of England to raise rates’; Palantir job cuts; FTSE closes down 0.1%

Forecast-busting public sector borrowing figures today set the tone for a downbeat session by the FTSE 100 index.

Evening Standard

BT warns all broadband users to move their Wi-Fi routers - worst place to put them exposed

BT customers might want to take note of advice from the broadband firm as it could help to speed up those all-important downloads.

Daily Mirror

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'The rich get richer and the first use of AI is to put people out of their jobs'

Everyone prefers being able to get through to a human being, it might save business a few pounds but it is nothing but frustrating for customers.

Daily Mirror

BT boss pockets nearly £10million in three years while he plans to axe staff for robots

Philip Jansen has been blasted as he looks set for bonus and share payouts worth up to 200% of his £1.1million basic wage despite BT's 12% dip in profits over the past year

Daily Mirror

Jake Humphrey ‘stepping back’ from lead presenting role with BT Sport

Jake Humphrey is set to step back from his lead presenting role with BT Sport.

The National (Scotland)

BT Sport presenter Jake Humphrey releases statement as huge decision confirmed

Jake Humphrey has announced his departure from BT Sport with the former BBC Sport presenter set to leave the Premier League and Champions League broadcaster come the end of the season

Football London

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Jake Humphrey quits BT Sport as Laura Woods 'lined up' to be face of Premier and Champions League in TNT Sport rebrand

The 44-year-old took to social media to make his announcement, with Woods said to be his replacement.

Daily Record

Jake Humphrey confirms he will step down from BT Sport role in emotional statement

Notable changes are underway at the popular broadcaster - which will become known as TNT Sports

Liverpool Echo

Jake Humphrey leaves BT Sport after 10 years as host shares "ambitious" future plans

BT Sport have promised Humphrey a tribute and farewell for his last show which will be presenting the Champions League final between Manchester City and Inter Milan on June 10

Daily Mirror

AI job fears: how can we regulate the ‘rise of the robots’?

The “AI jobs bloodbath” is said to be underway after BT announced it will lose up to 55,000 staff by the end of the decade, with many roles being replaced by artificial intelligence.

The Week

Why is BT Sport being rebranded to TNT Sports? Eurosport merger explained

BT Sport’s renaming follows a merger with Eurosport-owners Warner Bros Discovery

The Independent UK

Worst broadband providers exposed - is your supplier the most frustrating in the UK?

The UK's biggest broadband suppliers have been put through their paces and these are the best and worst when it comes to call wait times.

Daily Mirror

Laura Woods lined up for BT Sport role as bosses launch plan to rival Sky Sports

Laura Woods is on BT Sport's radar as they hold talks about the presenter potentially joining their team as they prepare for a rebrand that will see them become TNT Sports

Daily Mirror

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The Independent UK

UK telecom company BT plans to shed up to 55,000 jobs, replace some with AI

U.K. telecom company BT Group plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence

Wales Online

Mobile and landline customers spending longer on hold than during pandemic

While average numbers of overall complaints fell year-on-year, there were clear areas where the industry needed to improve

Daily Record

Millions of people on DWP benefits eligible for social tariff broadband could save £200 this year

Ofcom figures show 4.3 million eligible households are missing out on broadband discounts worth up to £824m.

Evening Standard

Home repossessions are up 50%. Should we be worried?

City Comment: It’s not the Nineties again, but repossessions tell us a lot about the level of serious debt pain in the economy

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AFP

UK telecoms firm BT to axe up to 55,000 jobs by 2030

London (AFP) - British telecoms group BT said Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation.

Daily Mirror

BT to slash up to 55,000 jobs by 2030 - with 10,000 roles replaced by AI

The telecoms giant wants to cull its workforce from 130,000 to between 75,000 and 90,000 - with 10,000 of the cuts coming from what it called “automation and digitisation”

TechRadar

BT reveals huge job cuts as mobile sector hit hard

Up to 40% of BT's workforce will be laid off by the end of the decade.

Insider UK

BT Group to cut up to 55,000 jobs by end of decade

Once its full fibre broadband and 5G network is rolled out, the group won't need as many staff

The Guardian - UK

Bank of England denies QE caused double-digit inflation; mortgage arrears and repossessions jump – as it happened

Central bank chiefs tell MPs that unwinding QE is more like descending a mountain than decommissioning a nuclear submarine

Wales Online

BT Group to cut up to 55,000 jobs

The move is part of plans to slash costs and overhaul its workforce

Evening Standard

FTSE 100 Live: ‘Massive house price rises may be nearing end’; Next faces shareholder revolt; shares up

Plans for mass job cuts at BT and a big loss at the owner of strike-hit Royal Mail are among today’s major corporate developments.

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