Spring Budget 2024: announcements of interest to tech lawyers

The Chancellor has delivered the Spring Budget 2024. The key issues of interest to tech lawyers are set out below. University spin-outs At the Autumn Statement 2023, the UK government announced that it had accepted the recommendations in Professor Irene Tracey’s and Doctor Andrew Williamson’s independent review of university spin-outs. With the aim of helping…

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Artificial Intelligence (Regulation) Bill has first reading in the House of Lords

The Artificial Intelligence (Regulation) Bill received its first reading in the House of Lords on 22 November 2023. It provides that the UK government will create an AI Authority which will monitor the use and regulation of AI in the UK. It further sets out that regulation of AI should deliver safety, security and robustness;…

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