27 October 2021
Paul Lee, global head of technology, media and telecommunications research at Deloitte, comments on the Chancellor’s Spending Review statement:
“The Spending Review was overall positive for the UK’s technology sector, with several important building blocks for the industry announced.
“For the technology sector to thrive, it needs to attract people who’ve already scaled businesses. The Global Talent Network should help attract entrepreneurs with that experience into the UK.
“The Scale-Up Visa will enable skilled and experienced technology workers to come and work in the UK, bolstering British businesses across a number of industries currently constrained by digital skills shortages.
“The confirmed £1.6 billion for the British Business Bank’s regional funds will additionally benefit smaller companies, among which will likely be digital unicorns and decacorns of the future.
“As the Chancellor sets out his vision of Britain competing as a science and technology superpower, this investment is a promising step that will allow the UK’s technology sector to stand a little taller on the world stage.”
@DeloitteUK for live comment
Deloitte has a range of spokespeople available to comment on today’s Budget. They can be reached on 020 7007 3333 or 0207 303 5054 or one of the following numbers:
• Debapratim De - Senior economist (07789 036 944)
• Amanda Tickel - Head of tax policy (07920 270 964)
• Rachel McEleney - Personal tax (07826 891 752)
• Alison Lobb – Corporate tax (07826 952 940)
• James Warwick - Employment tax (020 7303 6924)
• Andrew Clarke – Indirect tax (07824 895 798)
• Katherine Lampen – Climate change/sustainability (020 7303 6924 / 07920 270 964)
• Gerry Biddle – Business rates (07826 952940)
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