From Sky News
Billions of pounds for housing and high-tech industry are expected to be at the centre of Chancellor Philip Hammond’s “positive and upbeat” Budget this Wednesday.
Treasury sources say Philip Hammond will try to help start-up businesses which specialise in driverless cars and artificial intelligence develop into success stories of the future.
He will remove regulatory potholes which prevent developers from road-testing driverless technologies without humans present, pump £400m into electric car charge points and invest £160m in 5G mobile networks.
Stan Boland, who runs the driverless tech firm FiveAI, says it’s a welcome windfall.
“The future is really about computer science and artificial intelligence applied to new problem spaces and the first one we are going to see is transportation,” he told Sky News.
“So more government help to support companies build successful global businesses in driverless cars would be amazing.”