Business Secretary vows to harness AI and deregulation to turbocharge UK growth
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Business Secretary vows to harness AI and deregulation to turbocharge UK growth
"Look at Apple when they re-hired Steve Jobs,"
"They were 90 days from insolvency - and he didn't sit down and say what they couldn't do. He threw everything at it. That's the approach we need now."
"The UK has world-class researchers, entrepreneurs and engineers. Our job is to make sure that regulation works for them - not against them."
"With financial services playing such a crucial role in driving UK growth, it's reassuring to hear the Secretary of State endorse AI and technology as engines of business development. A deregulated, tech-first approach will help turbocharge the next generation of entrepreneurs, creating jobs, spreading wealth and improving lives."
Peter Kyle positioned AI and deregulation as central pillars of a government strategy to reignite UK economic growth. He urged innovation over austerity, invoking Apple's turnaround after rehiring Steve Jobs as a model of bold, risk-taking leadership. The agenda centers AI as a driver of productivity, job creation and inward investment while cutting regulatory red tape for small and medium-sized enterprises. The government highlighted an 11 percent rise in R&D investment since Labour took power and committed to expand innovation funding through partnerships with universities, start-ups and the private sector. Industry leaders expressed strong support while cybersecurity experts cautioned that security must underpin AI adoption.
Read at Business Matters
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