#<p><img class="alignleft size-full wp-image-269" alt="gosborne" src="http://channeleye.co.uk/wp-content/uploads/2013/01/gosborne-e1426761537680.jpg" width="330" height="237" />George Osborne, the UK chancellor of the exchequer, has promised to throw £40 million into research into the internet of things (IoT). He made the announcement during yesterday’s 2015 budget speech in the House of Commons.</p>
<p>And, in addition, Osborne said that it will spend a further £100 million in R&#38;D on smart cities and future infrastructure in the UK. <a href="http://channeleye.co.uk/osborne-backs-the-internet-of-things/" class="read_more">more&#187;</a></p><div class="feedflare">
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