The IT industry was generally positive about the impact of Wednesday’s Budget on their industry sector and the level of support offered to small businesses, video games industries and broadband providers.

Concerns however were levelled at the amounts of funding on offer. Julian David, director of IT industry association Intellect, said: "to turn this vision into a reality we will have to go much further than today's announcements.”

The former BT CTO, Dr Peter Cochrane also criticized the budget, saying that the UK had: “no vision, no mission and no business plan” in regards to delivering a 21st century Broadband infrastructure.