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The UK government is set to encourage the NHS and the Ministry of Defence (MoD) to prioritise purchasing British technology as part of a new strategy aimed at stimulating economic growth. Treasury minister Spencer Livermore announced this initiative in light of the ongoing crisis in Iran, which has contributed to rising oil prices and heightened concerns about inflation and economic stability.
Chancellor Rachel Reeves is expected to elaborate on this economic strategy during a significant lecture scheduled for Tuesday. The government is banking on the potential benefits of artificial intelligence (AI) to bolster the economy amid global uncertainties. This push for domestic tech procurement is seen as a way to not only support local businesses but also to enhance the capabilities of public services like the NHS and the MoD.
As the situation in Iran continues to evolve, the UK government is keen to mitigate the impact of external pressures on its economy, particularly in light of fears surrounding inflation and sluggish growth.
Source: www.theguardian.com – https://www.theguardian.com/business/2026/mar/14/nhs-ministry-of-defence-buy-british-tech-kickstart-growth-artificial-intelligence-rachel-reeves