UK AI Minister Concedes Economic Boost Estimate Is Less Than a Third of the Original £400 Billion Figure

Summary

UK officials had said AI would add £400 billion to the economy, according to WIRED, which reports that the figure mainly came from Google. The AI minister now concedes that the estimated boost is less than a third of that amount. Researchers blame the country's slow rate of AI adoption. The account in this summary is drawn only from the WIRED article's headline and summary, not the full text.

Timeline

1. WIRED

   4 Nov 2026, 13:49 UTCSource ↗

   WIRED reports that UK officials said AI would add £400 billion to the economy, a figure it says mainly came from Google, and that the AI minister now concedes the estimate is less than a third of that, with researchers blaming the country's slow rate of adoption.