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Evening Standard
Evening Standard
Business
Tim Levy

Labour's plan to scrap tech projects will sabotage its growth agenda

First contact between a new government and key industries is critical. This is true now more than ever, as the new Labour government has made economic growth its core mission. Building strong relationships with the potential drivers of economic growth into the future will be vital to their success.  

Considering Labour’s ‘growth agenda’, last week’s news that the government intends to shelve £1.3bn of funding promised for tech and AI projects came as something of a shock across the tech sector.  Projects on the chopping board include £800m for the creation of an exascale supercomputer at the University of Edinburgh and a further £500m for the AI Research Resource.  

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