Mike Salem, the UK Country Associate for the leading international consumer group, the Consumer Choice Center (CCC), expressed his views on the government’s plan to shelve £1.3 billion of investment in the tech and AI sectors.

While fiscal cuts may be necessary, consumers would have been better off with an accompanying announcement encouraging innovation and competition, which would lead to better outcomes for everyday use.

For example, by being more permissive than the EU, the UK can attract more innovators to develop their leading products in our country.

In a statement, Salem warned that the government’s plan directly contradict Labour’s mission to create wealth.

He stated: “In its effort to reduce public spending, the government’s image of being  more fiscally responsible remains to be seen, but we hope there will not be an abandonment wholesale of the promise of AI innovation in the private sector.”

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