UK minister says government's AI economic estimate is £120bn, not £400bn
Overview
UK AI minister Kanishka Narayan says the government's central estimate of AI's economic benefit by 2030 is £120 billion, under a third of the £400 billion figure it had used for almost two years.
He says the £400 billion figure came from a 2023 report commissioned by Google and produced by consultancy PF Global. Wired reports that the lower government estimate had been available since at least November 2025.
Written by AI from the articles below · updated Nov 4, 9:44 AM ET
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- Wired · AINewsUK Officials Said AI Would Add £400 Billion to the Economy. That Figure Mainly Came From Google
AIUK AI minister Kanishka Narayan said the government's central estimate of AI's economic benefit is £120 billion by 2030, under a third of the £400 billion figure it had used for almost two years. He said the £400 billion figure came from a 2023 report commissioned by Google and produced by consultancy PF Global. The government's lower estimate had been available since at least November 2025.
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