New Technologies

Part of Oral Answers to Questions — Treasury – in the House of Commons on 5th March 2019.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer

The Government are determined to ensure that the UK is at the forefront of the development of new technologies. Since 2016, I have committed £7 billion more—a 20% uplift —for research and development, thus demonstrating clear progress towards the Government’s ambition to raise investment in R&D to 2.4% of GDP by 2027. Among other things, those funds are supporting a £305 million national quantum technology programme and a £950 million artificial intelligence sector deal, and there is £250 million for connected and autonomous vehicles.