Robots no threat to jobs and taxing them may harm economy

Robots no threat to jobs and taxing them may harm economy

The UK already has fewer robots than other leading economies Robots do not pose a threat to UK workers’ jobs, and proposals to tax them risk damaging the economy, a new report has found.

Labour leader Jeremy Corbyn has warned of the danger of the rewards from automation going only to a few bosses of tech firms and argued for them instead to be “publicly managed to share the benefits”, though aides stressed he has not proposed a robot tax.

The new paper from the Centre for Policy Studies (CPS) think tank warns that restraints on investment in robots […]

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