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Tech Sector Defies Brexit Worries

22 Nov 2016 12:00 AM | Anonymous

IBM will triple the number of cloud data centres in Britain according to the company, another boost to the UK tech sector after Brexit. The news follows similar good news about UK investment from both Google and Facebook. Is the tech sectors resilience after Brexit such a surprise, not really. Europe has never had the same entrepreneurial zeal for tech as the US (think of all the big internet giants) and therefore many don’t rue the loss of EU restrictions. The UK has a big tech talent pool, is willing to invest and is enthusiastic about the digital economy, it has the greatest proportion of e-commerce to overall retail spending in the world (17%). Not every sector is concerned about Brexit.

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