UK tech industry faces tough challenges
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Business Insider article The UK tech sector faces a tough challenge in attracting talent to the UK, with the number of UK students studying in the country dipping to a six-year low.
The UK’s economy is expected to contract for the third consecutive quarter, and the number, total and number of graduates per head of population are all set to fall for the first time in years.
Business Insider spoke with the UK’s most successful companies to get their perspective on the sector and what it means for the UK.
“There’s no doubt the UK is a global leader in technology, but the tech industry is a very global industry,” says Sam C. Williams, chairman of the UK Technology and Innovation Institute.
Now we have 10 million.” “
When I started at the institute in 2008, we had just 25,000 people in the UK in the technology sector.
Now we have 10 million.”
The UK is also one of the few countries in the world that has no national minimum wage, and has been a leader in some sectors of the global economy, such as healthcare, which employs many tech workers.
But the industry has been hit by a rise in the cost of living in the past few years.
That’s led to the exodus of tech workers to other parts of the world, and a decline in the number that are able to make a living in a job in the tech sector.
“This is not going to be the last recession that happens in the future,” says Williams.
“And I think there are a number of other countries that will come after us.”
Read more about the UK tech market and the UK economy, and how the UK can thrive in this industry.
“I think we have to look at ourselves in the mirror and think about what we want to achieve for the future, what are we doing for the country and what are the challenges that we’re facing as a country,” says C.D. Howe, the former chief executive of IT giant Accenture, which is based in London.
Howe has made headlines in recent months as he warned that the tech economy was facing a “collapse” and that there was a risk that tech would disappear completely in the next decade.
“The problem is that it will not be the end of the tech business, but of the future of the British tech industry,” Howe said in a recent interview with the Financial Times.
“As the technology industry evolves it will be in a position to compete globally, and this is what I want to see happen.”
Read the FT interview here.
Read more about Britain’s tech industry, including what to expect from UK employers.
“We are very proud of our global position in the business, as it’s a globally competitive business,” Howe says.
“So we are very well positioned to be in the 21st century, but at the same time we are going to have to learn a lot more about global business models and how to be a global player.””
So there is a lot of risk in the long term, but also a lot potential,” Howe adds. “
So we are very well positioned to be in the 21st century, but at the same time we are going to have to learn a lot more about global business models and how to be a global player.”
So there is a lot of risk in the long term, but also a lot potential,” Howe adds.
Read More:How to become a tech worker
Business Insider article The UK tech sector faces a tough challenge in attracting talent to the UK, with the number…
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