The government has announced it has signed a new partnership with Wayve, a British company that is developing self-driving vehicle technologies.
The partnership will focus on shared research that will support the ongoing development and deployment of automated vehicles.
It is hoped that the partnership will act as a catalyst for new investment, skilled jobs and long-term growth across the UK car industry.
A Memorandum of Understanding sets out how the Department for Business and Trade and Wayve will collaborate on research helping to take self-driving vehicles from prototypes through to commercial reality.
The ongoing Middle East conflict has raised concerns over its effect on UK inflation and interest rates in the coming months.
Running a business in recent times has been a lesson in resilience. Costs continue to increase and customers are cautious. Cash is proving tight for many businesses and credit control is a core discipline for keeping a business afloat in such times.
