AI and robotics ‘critical’ for faster growth in UK economy, says Bank boss

Andrew Bailey said the UK needs faster growth in the economy (Henry Nicholls/PA) - (PA Wire)

Artificial intelligence (AI) and robotics will be a “critical source” of faster growth that is needed in the UK economy, the boss of the Bank of England has said.

Andrew Bailey said there was a “different growth story” in the UK to the US, where he was attending the Federal Reserve’s annual conference at Jackson Hole, Wyoming.