“At a time of great uncertainty in the global economy, Britain must take bold decisions now to ensure it leads the world when it comes to new technologies and infrastructure,” said Osborne in a statement, adding that self-driving cars could be the most fundamental change to transportation since the internal combustion engine was invented. The United Kingdom is looking to attract investments from the burgeoning worldwide self-driving car industry, which is estimated to be worth $1.29 trillion. The announcement will draw more automakers into the country for their tests, but the government did admit that it first has to determine legalities such as the party that will be responsible in case a self-driving car is involved in an accident.