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03 February 2025

AI, Growth and Public Policy

Pressure on the government for action that matches its aspirations on economic growth is growing. On 12 January, in the midst of the steepest rise in government borrowing costs since the financial crisis, Prime Minister Sir Kier Starmer announced plans to ‘unleash AI’ in the UK, in order to increase economic growth. But who, not what, will bring about the AI revolution and boost economic growth, and how can immigration and tax policy benefit the sector and stimulate growth, beyond what is already in place?

Experts in Immigration law and Tax law at Payne Hicks Beach have studied the AI Action Plan, published by Matt Clifford and collated insights into what the government must consider both in terms of attracting global talent and means to raise capital and scale innovative businesses.

“Although we welcome the government’s renewed interest in immigration reform for highly skilled individuals in tech, we should go further. Policy change is also needed to attract further capital for scaling the start-up tech sector, particularly with a view to achieving the potential of AI.”

For further information, please contact

Kathryn Bradbury, Partner, Citizenship and Immigration.

Frederick Bjorn, Partner, Tax and Trusts.

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Kathryn Bradbury
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Frederick Bjørn
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