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UK Reliance on AI Growth
AI is contributing about 0.45 percentage points to UK economic growth, according to Bloomberg Economics. However, Oxford Economics estimates a lower contribution of approximately 0.2 percentage points. The Bank of England found that new AI efforts account for about 20% of UK economic growth since the start of 2026, primarily in the setup of AI systems rather than efficiency gains. Concerns exist that companies might cut spending on AI infrastructure if profits do not match the hype, potentially leading to a wider slowdown in construction projects and corporate investment, which could negatively impact the UK's overall economy.