Automation of British industry ‘pretty rubbish’, claims Bank of England economist

Automation of British industry 'pretty rubbish', claims Bank of England economist

Automation, including robotics, could put as many as 30 per cent of jobs at risk by the 2030s British industry is "pretty rubbish" when it comes to automation and the adoption of technologies such as robotics, artificial intelligence and machine learning.

That’s according to Bank of England economist Will Abel, who claimed that the UK has a "below average" adoption of robotics, with a consequently higher proportion of GDP going to labour, rather investment in industrial technology.

Speaking yesterday at an event run by the Resolution Foundation, the economist suggested that the UK lags far behind its near neighbours, particular Germany."One […]

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