Question to the Department for Science, Innovation & Technology:

To ask His Majesty's Government what assessment they have made of reported growth in demand for ethical AI and technology skills in UK financial services; and how this is informing (1) workforce policy, and (2) regulatory policy.

Government is taking significant steps to expand skills and training in ethical and responsible AI. In January, further public and private sector partners joined the AI Skills Boost, increasing our ambition to upskill 10 million workers by 2030. More than 1 million AI upskilling courses have already been delivered since last summer, helping ensure UK workers - including those in financial services - have access to high‑quality training in the safe and ethical use of AI.

To complement this, the Government has established the cross‑government AI and Future of Work Unit to monitor how advanced AI tools are reshaping professional work, ensure innovation is supported responsibly, and coordinate policy so that workers and businesses can adopt these technologies safely.

We have also concluded a Call for Evidence on proposals for the AI Growth Lab, a cross‑economy AI sandbox that would allow responsible AI products and services to be tested under close supervision in live markets, building trust and supporting economic growth. Alongside this, the FCA’s Supercharged Sandbox and AI Live Testing service provide firms with enhanced access to computing, data and safe real‑world testing environments, enabling the responsible use of AI across UK financial markets.