Giving his final budget before the U.K. general election this May, and inevitable sales pitch to the U.K. electorate, Chancellor George Osborne has announced several tranches of cash for nascent technologies — including £100 million for driverless car technology; £40 million for research into the Internet of Things; and £10 million to go towards investigating the “future potential” of digital currency technology.
The budget also set out plans for a so-called ‘Google tax’ on diverted profits. So, should a Conservative (or Tory-led) government be elected to office later this year we can expect to see it taking extra money off Silicon Valley-based tech giants and putting some of that cash to work to try developing homegrown alternatives to SV tech.
There’s precious little detail about how these tech-focused cash injections will be spent at this point, beyond specifying they are intended for research initiatives. This is really about listing (and quantifying) a few tech…
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