According to an analysis by the Bank of England, the productivity of British companies developing and using artificial intelligence is increasing, but this growth is at the expense of employment. Bank of England staff pointed out in a blog post that compared to the decade before the pandemic, software and IT consulting firms contributed tenfold to annual productivity growth, contributing 0.1 percentage points between 2023 and 2025. At the same time, information service providers have changed from being a drag on productivity to a driving force during this period. The Bank of England has discovered that the productivity of enterprises using artificial intelligence is also increasing, particularly in industries such as office administration and business services, where repetitive tasks are ideal for automation. However, to a certain extent, the increase in labor productivity comes at the cost of reduced employment opportunities.

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