To ask His Majesty's Government what assessment they have made of the financial impact on the economy of regulatory divergence between the United Kingdom and the European Union following the introduction of the Artificial Intelligence Act (Regulation (EU) 2024/1689).

The Government is committed to establishing appropriate rules on those working to develop the most powerful artificial intelligence models. Our proposals will be highly targeted and will enhance safety. They will also support growth and innovation by ending regulatory uncertainty for AI developers, strengthening public trust, and boosting business confidence.

The Government carefully considers the impact of potential regulatory barriers on the economy and UK businesses, including in relation to international trade and market barriers, and will set out further details of our approach in due course.