UK tech to withstand the immediate challenges of Brexit

UK tech to withstand the immediate challenges of Brexit

Tudor Aw, head of technology sector at KPMG UK, reacts to the Brexit outcome in the EU referendum.

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Tudor Aw, head of technology sector at KPMG UK, reacts to the Brexit outcome in the EU referendum. He said:

“A poll of TechUK members prior to the EU referendum showed that some 70% were in favour of remain. Today’s result is therefore disappointing for the industry.  That said, I remain optimistic and confident over the future of UK Tech.  

“My view is that the core attributes that make the UK Tech sector so strong and attractive remain in place, including an amazing talent base that has a long track record of creativity such as Alan Turing’s first working computer to Tim Berners-Lee’s World Wide Web. Add to that the great infrastructure and facilities; first class universities, a stable legal system; appropriate fiscal incentives; and an ecosystem of advisors that support the needs of tech companies. Technology is a sector that will only increase in importance and works without borders, I therefore continue to see the UK Tech sector as one that will not only withstand the immediate challenges of the referendum result, but one that will continue to grow and thrive.”

Ends

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Notes to Editors:

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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