Mixed view for UK technology sector
Accountancy firm KPMG has published its latest “UK Tech Monitor” report, which suggests that business growth for the tech sector in the UK has fallen… Read more
Accountancy firm KPMG has published its latest “UK Tech Monitor” report, which suggests that business growth for the tech sector in the UK has fallen to its lowest level in three years. Technology businesses cited a rise in operating expenses and concerns about ongoing trade issues, including the UK’s departure from the European Union.
However, the report also found that the sector as a whole remains much more optimistic than other sectors, with almost 50% of businesses saying that they expected to increase staff numbers over the next year, and less than 10% anticipating a reduction on overall headcount.
The role of technology start-ups was also highlighted in the report, with the sector in the UK accounting for over a third of all technology sales, IPOs and mergers across the whole of Europe.
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James Champness is an employment senior associate
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