Written questions

AI Economics Institute: Finance

2026-06-11 · Treasury · 9336 · Official question

Mike Wood

Question

To ask the Chancellor of the Exchequer, with reference to the news story entitled Chancellor’s growth plan sets key principles for UK-EU alignment, of 17 March 2026, what the budget will be of the AI Economics Institute; and whether it will be established

Answer

The AI economics Institute will be funded from the Department for Science, Innovation and Technology's existing R&D budget. The exact figure will be refined alongside the research scope of the institute. The Institute has been established as a joint r...