Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact of the adoption of artificial intelligence by business on economic growth.

The IMF estimates the adoption of AI across the economy could boost productivity by up to 1.5 percentage points a year, if we embrace it fully and safely.

The Technology Adoption review, an evidence review used to inform our Industrial Strategy, also found that AI was consistently raised by stakeholders across all sectors as the technology that could drive efficiency and growth, and the review identified the barriers limiting uptake of AI.

That is why the Government has committed to fully funding the AI Opportunities Action Plan, including adoption and skills packages that raise industry awareness of AI and ensure businesses across the growth-driving sectors address AI skills shortages.