The head of the British Ministry of Finance Philip Hammond this week will make a statement on the country’s budget, which will include measures to encourage the development of production of unmanned vehicles and electric cars, Reuters reports.
Hammond is under pressure before he makes a budget statement on November 22. The politician is afraid to repeat the fate of Prime Minister Theresa May on the background of the influence of Brexit and limited opportunities.
Measures to stimulate the development of automobile production in Britain should increase productivity in the country, the minister is sure, since this figure is growing very slowly. At the same time, government support should lead to an increase in high-quality jobs.
The Ministry of Finance announced that Hammond will announce regulatory changes for unmanned vehicle manufacturers, which will allow such companies to conduct tests on the roads of Britain without the participation of a human operator. Hammond expects that fully unmanned vehicles will travel the country’s roads in three years.
In addition, the ministry said that a fund of £ 400 million will be created, which will increase access to finance for the business of developing charging stations for electric cars, and £ 100 million will be provided in the form of grants to help people buy electric vehicles.
Other investments include £ 75 million for the artificial intelligence industry, £ 160 million for the development of next-generation mobile networks 5G across the UK, £ 100 million to train and train an additional 8,000 computer science teachers and £ 76 million to enhance digital and building skills.
