Labour kneecaps investment, then subsidises ChatGPT

Responding to Labour’s announcement of millions more in taxpayer funding for AI adoption and start-ups, Taxpayers’ Union spokesman Austin Ellingham-Banks said:

“Labour has slapped ‘AI’ on an old-fashioned corporate welfare scheme for American Big Tech and called it innovation."

“Businesses already have every incentive to invest in AI if it saves them time, cuts costs, or wins customers. If an investment stacks up, businesses will make it themselves."

"If Labour really wants small businesses to invest and grow, it should abandon its plan to scrap Investment Boost, which would kneecap productive investment."