Blogs

The global reach of British technology is well-established. But the drastic changes 2020 brought have pushed UK tech leaders to change their approach to trade, digital commerce and connectivity. In the new normal, they need a growth outlook that’s truly international.

Everything in the tech industry, from raw materials supply to the electronics value chain to product cost inflation, has been affected by COVID-19. However, there are upsides: the rise of remote working, the swift focus on evaluating and cutting risks in the end-to-end value chain, and the fall in emissions, bringing a greater focus on sustainability.

The military sector will see 40,000 jobs created thanks to the government’s biggest military spend since the Cold War. The £16.5 billion boost to the defence budget, spread over 4 years, works out at 10% of the UK’s current annual budget of £40 billion.