Peter Kyle

Peter Kyle

Labour — Hove and Portslade

Speaking in the House of Commons on 13 January 2025

Debate

Artificial Intelligence Opportunities Action Plan

Contribution

I am extremely grateful to my hon. Friend for her comments and for the service of her Committee. It was a privilege to go before her Committee so soon after its formation, and I look forward to engaging in the future. She is completely right. We hear a lot about business confidence and the words that come out of certain parts of the business community, but today, they have voted with their investment. We have announced an additional £14 billion and the creation of up to 13,000 jobs as a result of today’s investment—that is business showing confidence in this Government. Of course, for many of the schemes announced today, the policies will deliver into the short, medium and long term. Together with our regulatory innovation office and our planning reforms, that investment will mean that shovels go into the ground quickly, and the jobs and wealth that will be created by it will start paying dividends very soon.

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