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politics7h ago
Rachel Reeves to call for rapid AI adoption and deeper ties with EU to boost growth – business live
- Reeves pledges the UK will adopt AI faster than its G7 peers and unveils £2.5bn for AI and quantum funding.
- A £2.5 billion funding package supports AI and quantum computing initiatives in the UK.
- Reeves proposes a ‘Silicon Valley of Europe’ corridor between Oxford and Cambridge and may use compulsory purchase powers to push it forward.
- Reeves argues for stronger EU ties as a growth lever to boost productivity.
- The Mais Lecture is framed as a platform to set out Reeves’s economic philosophy amid global shocks.
- The speech links AI adoption to regional growth and innovation across Britain.
- UK energy shocks and global volatility frame Reeves’s push for proactive state investment.
- Travis Perkins notes a subdued trading environment in 2026, signaling cautious macro conditions.
- Analysts expect Bank of England and other major central banks to set policy amid the week’s rate decisions.
- Reeves indicates the government will back a regional growth strategy anchored on AI and EU collaboration.
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