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Chancellor Unveils £2.5B Plan to Retain UK Tech Talent

3/17/2026

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Summary

Story summary

Chancellor Rachel Reeves (Chancellor of the Exchequer) aims to halt the exodus of British tech firms and scientists abroad with a £2.5 billion investment in quantum computing and AI.
Speaking at the National Quantum Computing Centre, she says the UK must retain talent and innovation.
Opposition says the plans may undermine Brexit, while the government faces rising energy prices and geopolitical instability.

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Story summary

Chancellor Rachel Reeves (Chancellor of the Exchequer) aims to halt the exodus of British tech firms and scientists abroad with a £2.5 billion investment in quantum computing and AI.
Speaking at the National Quantum Computing Centre, she says the UK must retain talent and innovation.
Opposition says the plans may undermine Brexit, while the government faces rising energy prices and geopolitical instability.