John Healey: “This first-of-its-kind competition will help make sure more of the benefits of AI are felt in every UK postcode.”

Fiscal discipline is the bedrock of our UK economic stability and national security, which is why we are committed to meeting our fiscal rules, with a buffer against global uncertainties.

Britain is home to some of the most innovative AI companies in the world, and this Government is backing them to start, scale and succeed here in the UK.

Fiscal discipline has been the bedrock of the government that I was part of for the first couple of years, as a Labour government since July 2024.

We simply can’t deal with the problems we face as a country by maxing out the country’s credit card.