In response to the Chancellor’s Autumn Statement and the government’s spending plans to invest in the tech sector and our digital infrastructure, Chas Moloney, Director at Ricoh UK commented below.
Chas Moloney, Director at Ricoh UK:
“We welcome that the Chancellor reaffirmed his commitment to reinvest in the future, science and technologies and research and development (R&D). Whilst investing £500 million in new technologies such as robotics and artificial intelligence (AI) is positive, this has been a long time coming.
By allocating a further £2.3 billion into the National Productivity Investment Fund, it’s clear that the government is reaping the rewards, and by continuing to invest, we hope to see the UK becoming a greater power within technological R&D.
However, despite the optimistic news for technology firms, we believe more can be done to train students in these emerging technologies. The 8,000 computer science teachers announced is a positive step but in order for the UK to not fall behind other nations, it is key that we provide today’s youth with the necessary education so they can thrive with new technologies.”