24 November 2017
Great 5G news as the Autumn Budget is revealed to host plans for winning over the tech world with 20 billion being invested in the next 10 years in innovation.
After the uncertainty of the UK leaving the European Union and criticism the government has received for their handling of this, it appears Hammond and the government plan on putting hefty sums of money into championing UK tech businesses.
In a wide-ranging speech laying out proposals for investment and taxes for individuals and businesses, the government laid out its commitment to innovation, and specifically artificial intelligence (AI), immersive technology, driverless cars, life sciences, and FinTech. Among the initiatives: a range of investments for new technologies like AI and 5G that add up to over £500 million ($663 million); wider tax breaks and other schemes to bring more investment into the sector; and laying the groundwork for making it easier to build and test new technology in the UK, such as new rules that will let companies test self-driving cars without safety operators.
Investment in the digital and technology-led initiatives will help to turn untapped potential into the “high paid, high productivity jobs of tomorrow,” Chancellor Philip Hammond announced in his Budget speech.
Chancellor of the Exchequer
Exciting times for 5G technology and innovative technologies in the UK.
The 5G Innovation Centre (5GIC) at the University of Surrey is now the largest UK academic research centre dedicated to the development of the next generation of mobile and wireless communications. Bringing together leading academic expertise and key industry partners in a shared vision, the 5GIC will help to define and develop the 5G infrastructure that will underpin the way we communicate, work and live our everyday lives in the future. UK Connect (previously known as Countrywide Telecoms) is a partner of the 5GIC and plan to play a fundamental role in the development of new technologies.
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