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Home >Chancellor backs 4IR at parliamentary group launch

Chancellor backs 4IR at parliamentary group launch

04 April 2017

The Chancellor has underlined his commitment to emerging technologies, innovative businesses, and improved technical skills in a speech as he launched a new parliamentary group dedicated to the Fourth Industrial Revolution (4IR), chaired by Conservative MP Alan Mak.

Mr Hammond said: “As we begin our negotiations to exit the European Union, we will embrace this technological revolution, seek to maximise its potential to transform our productivity to ensure that the UK remains at the cutting edge of its development and actively manage its impact. We will face up to the challenges of preparing our workforce with the skills they need for the jobs of the future but in the end delivering prosperity has to be a collaboration between government and private business. Government can help, government can facilitate, in some cases government can kick-start, but government, as our history tells us very clearly, cannot in the long-run deliver the continuously added value that is what ensures our future ongoing prosperity.

Further events for the APPG are already planned for the rest of the year and it is being supported a number of leading private sector businesses.