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Chancellor Philip Hammond has announced £2.5bn of investment to kickstart the UK’s lacklustre productivity. The British Business Bank will be seeded with £2.5bn of public money, Mr Hammond said. The Government is also set invest over £500m in a range of initiatives from artificial intelligence, to 5G and full fibre broadband, the chancellor announced in his budget speech on Wednesday. “We have some of the world’s best companies and a commanding position in a raft of tech and digital industries that will form the backbone of the global economy of the future,” Mr Hammond said. “Those who underestimate Britain do so at their peril.”. “Because we will harness this potential and turn it into ... Full story

22 November