Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the risks to financial stability arising from increased equity valuations linked to artificial-intelligence companies.

The government does not comment on individual market moves.

The Bank of England’s Financial Policy Committee (FPC) is responsible for identifying and monitoring risks to UK financial stability. Their latest Record (October 2025) sets out their views on the financial stability outlook, including their assessment of risks related to artificial-intelligence company valuations.

HM Treasury continues to work closely with the FPC and UK financial regulators to assess risks to financial stability, including those relating to financial markets.