A Tony Blair Institute report projects AI could displace 1-3 million UK private sector jobs over two decades, with annual displacement peaking at 60,000-275,000. AI may boost GDP by 1% in five years, rising to 6% by 2035. Administrative, secretarial, sales, customer service, banking, and finance jobs face the highest risk. The impact will likely focus on cognitive tasks. These projections depend on AI development, investment, and government policies.