November Budget: “Get AI wrong and the Treasury will engineer its own fiscal collapse”
Leading AI and tax specialists have warned that the government’s failure to reform the UK’s tax system for the age of automation could trigger what one expert calls a “fiscal collapse engineered by the Treasury itself.” Ahead of the November Budget, Chancellor Rachel Reeves faces an unprecedented balancing act: investing billions in artificial intelligence to boost growth, while preventing AI-driven automation from hollowing out the country’s tax base. The UK currently relies heavily on income...