It’s a positive forecast for all of us operating in the UK tech market, according to the latest KPMG/Markit Tech Monitor UK report. Profits are up with companies reporting their fastest improvement in six years; job creation is on the up with 43.9% of companies reporting intentions to increase staffing levels; and CAPEX investment is up with almost twice as many tech companies intending to increase budgets as opposed to those who foresee a reduction.
According to Tudor Haw, head of technology at KPMG, as reported in Comms Dealer magazine, “These figures prove once more that the UK tech sector is going from strength to strength. UK tech companies are also more confident about the business outlook than firms in other industry sectors, with growth expectations at tech companies well above UK private sector average…”
Such a positive outlook is helping to drive the UK’s burgeoning economic recovery according to Haw.
With a focus on increasing employment opportunities in the technology industry, is it possible that we’ll soon start to see IT-focused retraining programmes for unemployed post-grads, as well as those in other sectors who were made redundant during the recession. All those in technology PR will be encouraged by the news that the UK tech sector is on the up. Let’s just hope they maintain this prosperity by attracting fresh talent to the sector and soon!
