UK Chancellor George Osborne announced a number of measures affecting the digital and technology sectors in the Budget.
Among others the government plans to invest up to £600m to reallocate spectrum so as to open up the 700 MHz spectrum for further use in 4G networks, and to improve 4G coverage nationwide. Investment of £100m over five years in ‘intelligent mobility’, including driverless car technology, is planned which will be matched by the industry itself. An investment of £40m in research into the Internet of Things, which will provide a research incubator, demonstrator programmes to encourage new ideas, and research hubs. The research aims to focus in particular on IoT applications in health and smart cities. The UK also will apply anti-money laundering regulations to digital currencies.Funding for research into both the risks and opportunities of digital currencies will also be increased by £10m.
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