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Business Confidence Rises Amidst AI Adoption and Tax Woes

3/24/2025

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Summary

Story summary

IoD Scotland reveals rising confidence in skills, with 71% of business leaders feeling adequately staffed.
AI adoption has increased significantly, with 84% of firms utilizing it, prompting concerns about workforce dynamics.
However, 56% of businesses lack apprenticeships or training support, and 46% do not collaborate with educational institutions.
Taxation is a major worry, as 63% believe business tax rates hinder hiring and investment.

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Story summary

IoD Scotland reveals rising confidence in skills, with 71% of business leaders feeling adequately staffed.
AI adoption has increased significantly, with 84% of firms utilizing it, prompting concerns about workforce dynamics.
However, 56% of businesses lack apprenticeships or training support, and 46% do not collaborate with educational institutions.
Taxation is a major worry, as 63% believe business tax rates hinder hiring and investment.