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Latest economy publications


Growth of UK tech sector slows for first time in seven years

Wider economic downturn finally hits the typically resilient tech sector Growth in the UK tech economy has eased for the first time in seven years, with Brexit uncertainty and cuts to corporate spending blamed. The KPMG UK Tech Monitor Index, which measures the economic strength of the sector, revealed growth had dropped from 54.4 points… Read More


After three consecutive years of growth, semiconductor revenue set for slump

Fall in demand centring around China will pinch semiconductor revenues through 2019, IDC says After back-to-back years of strong growth, semiconductor revenues will decline this year, according to IDC’s latest update to its semiconductor forecaster. The IT market research specialist predicts worldwide semiconductor revenue to decline to $440 billion (£342 billion), a 7.2 percent drop… Read More


Mustafa Suleyman and Kriti Sharma among experts joining UK’s new AI Council

More than 20 experts across industry, academia and the public sector will look at how to boost AI’s positive impact on the economy The Government has confirmed the line-up of its new Artificial Intelligence (AI) Council, the independent committee that will discuss how to promote the adoption and ethical use of the technology. Co-founder of… Read More


UK tech investment in fine health, fintechs flourishing

Despite growing scrutiny over the strength of its economy, the UK remains a safe bet for venture capital  A new report from trade organisation Tech Nation shows the UK is outperforming other European countries in terms of tech investment. Fintechs are the standout performers, attracting £4.5bn of funds between 2015 and 2018 – establishing the… Read More


Huawei boosted the UK economy by £1.7 billion in 2018

Oxford Economics report shows the Chinese firm added £1.7 billion to the UK economy in 2018 An independent report claims Huawei boosted the UK economy by £1.7 billion in 2018, as the debate over the company’s security continues. A study by Oxford Economics, commissioned at the end of last year, said the Chinese firm now… Read More



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