Leading female AI / Cyber / data expert, Alina Timofeeva’s reaction to today’s Autumn Statement. Alina is associate partner level with experience in FinTech/Ai/Cyber at the Big Four with clients including Santander, HSBC, JP Morgan Chase, Nat West and Credit Suisse.
Alina Timofeeva says: “Innovation” was made a key priority in the Chancellor’s Autumn Budget with more than £20 billion funding for the science sector. I welcome the public investment in the UK – however, it is disappointing to not hear about plans to protect the cybersecurity needed so desperately for our country, given the recent scandals including the NHS, Harvey Nichols, Revolut and the Post office. We also did not hear concrete steps for the government to support London becoming the AI capital of the world. We had promises from the Conservatives to grow AI, Quantum, Innovation agenda before.
Innovation offers opportunities to drive new investment from private business into the UK, creating wealth for the country and countless new jobs. The UK has the world’s best graduates, respect for the rule of law, and, importantly, now the much-needed political stability that innovation needs to thrive.
Innovation was mentioned many times in today’s statement from the Chancellor:
• Innovation to “crack down on fraud”
• Innovation to “modernise HMRC”
• Innovation with AI leaders to create “huge potential” for country’s growth
• Innovation “to improve public services”
Will the Labour government be able to deliver on their promises? When will we see meaningful impact?”
