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Eversheds Sutherland comment: Budget – Britain needs to claim rightful place in 4th industrial revolution

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    On investment announcements in today’s UK Budget confirming £270m for robots, driverless cars and biotech, £16m for a 5G mobile technology hub and £200m for fibre broadband, Charlotte Walker-Osborn, head of TMT at Eversheds Sutherland, comments:

    “It is essential that Britain claims its rightful place in the 4th industrial revolution, so pleasing to see investment in these areas. Other countries have begun to invest heavily in robotics and we need to keep apace. Clearly, Britain has a chance to build upon its automotive sector legacy with the burgeoning driverless and connected tech offerings. Here, investment will be critical, especially given the potential pressure Brexit may initially place on the UK tech and automotive industries.

    “As much future tech is powered by the internet, broadband and wireless technologies, the investment in fibre and 5G will be key to driving successful adoption of future tech and driverless cars in the UK in the coming years. It will be interesting to see what, if any, changes in the law take place in the UK and further afield in 2017 and 2018 to support growth in AI and the Internet of Things, while putting in place potentially needed governing rules.”

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