Tudor Aw, UK Head of Tech sector at KPMG, comments on the tech announcements made in today’s Budget.
Tudor Aw, UK Head of Tech comments that “The Chancellor has characterised today’s budget as one that is “fit for the future”.
"In that context, it is hugely encouraging that the tech sector sits at the heart of that future. Commitments to emerging technology such as 5G, AI and data science is to be applauded, but it is important that core technology businesses are not forgotten in the chase for the next shiny toy.
"In particular, the UK has strengths in ‘old-school’ tech sub-sectors such as software, IT services and semi-conductor technology.
"Tech investment should therefore be made in education, regulation, tax and other incentives to ensure our strength in the tech sector is broad based and not just those areas that sit at the top of the latest hype curve.”
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For further information please contact:
Nahidur Rahman, KPMG corporate communications
T: +44 (0) 20 7694 8812
M: +44 (0)73 9376 0775
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.