It is encouraging that the government is continuing to see tech firms such as Microlise that invest in AI and R&D as key levers for growth. The stability that this will create is welcomed.

The government’s broader interests in green infrastructure mean that there could also be an uplift in interest for telematics, fleet management, regulatory compliance and vehicle monitoring technology, especially in public sector vehicles where cost-tracking is essential.

However, current market uncertainty may impact the take up of such technologies by businesses that would benefit from them.