market structures, barriers to entry and contestability, economies of scale, market failure, government intervention, globalisation and technology, resource allocation
GenAI technology is widely used in the UK. For example, a survey carried by Deloitte in April 2024 found that 36% of respondents from the UK had used GenAI. This equates to 18 million people. Of those who had used the technology, 10% stated that they use it every day while 26% stated that they use it weekly. The research also found big differences between age groups. For example, 62% of those aged 16–34 had used GenAI compared with just 14% of 55–75-year-olds. This technology is also having a significant impact on the workplace. A survey of employees in 2023 found that 28% had used GenAI in their jobs either with or without the consent of their managers.
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