The next UK general election is only a year away, the next British government will have fewer resources than ever to survive the global tech race, the TechUK trade association has recently warned.
That said, the country has a solid base to build on. The tech sector’s contribution to the British economy now adds over £150bn annually, which makes it the leading tech sector in Europe – and could reach roughly £200bn per year to the economy by the mid-2020s if well supported.
TechUK believes a long-term, ambitious tech strategy is now needed to keep up with the challenges to come, including artificial intelligence (AI) and quantum races, the need to develop a greener tech sector and the fight for semiconductors.
On June 6, the association launched a UK Tech Plan which outlines 18 opportunities the UK must seize and five challenges the UK tech sector will face in the future.
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