Healey Budget to Include Devolution Package and £600m AI Investment
Chancellor John Healey will present a Budget on Wednesday containing two major elements: a devolution package for England and a £600m AI investment package. The devolution measures include a £1.5bn borrowing facility for regional mayors, £285m in 'good growth' funding for local priorities, and £150m for local authority capacity building. Prime Minister Andy Burnham said the plan ends local leaders going 'cap in hand' to Westminster. Separately, the AI package allocates £10m annually to study AI's employment impact, £165m to a National AI Biosecurity Initiative, £120m to the AI Security Institute, £60m to a National Cyber Shield, and £70m to a vulnerability centre, alongside a new AI Centre of Excellence in Manchester and support for Edinburgh. Healey said the approach would not 'leave workers behind'.
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