Reeves vows to stop UK tech from 'drifting abroad'

"Chancellor Rachel Reeves has told the BBC she wants to stop top British technology firms and scientists "drifting abroad" to make money. She said she wants "the pattern to end", adding that the government was investing 2.5bn in quantum computing and artificial intelligence (AI)."

"Speaking to the BBC at the National Quantum Computing Centre in Oxfordshire, Reeves said her UK growth plan showed the benefits of stability and a "strategic and active state". However, Reeves' growth plans could be challenged by the fallout of the US-Israel war with Iran."

""Every country has got to play their part in ensuring energy supplies are there when we need them particularly at a time when the Strait of Hormuz in effectively closed" she said, and pointed to production increases in Canada and Norway."

Chancellor Rachel Reeves is implementing a UK growth plan designed to prevent top British technology firms and scientists from relocating abroad, particularly to the United States. The government is investing £2.5 billion in quantum computing and artificial intelligence development. Reeves emphasizes that stability and strategic state involvement will boost economic growth. She also addresses geopolitical challenges, noting that the US-Israel conflict with Iran threatens inflation and economic stability through oil price increases. Regarding North Sea oil developments like Rosebank and Jackdaw, Reeves indicates decisions are forthcoming, acknowledging that energy security requires increased production across multiple countries, including Canada and Norway.

Read at www.bbc.com