Spring Budget 2017: Government support welcome but private sector must still invest billions to secure UK digital future

Gov. support welcome but private sector must invest

KPMG's Alex Holt suggests the private sector still need to invest in the communications technology despite government support.

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Alex Holt, Partner and Head of TMT, KPMG, commented:

“Major advances in communications and technology will be vital for the UK, and are perhaps more important now than ever before due to Brexit. The UK should be a leader in digital communications, which is the foundation for the strong social and economic development of the UK.  

“Support from Government – no matter how large or small – is welcomed. But the reality remains that major communications infrastructure operators are being asked to invest billions in the UK’s digital future in a less than certain regulatory environment, and a future where the dominant US platform businesses will reap a majority of the economic rewards from that investment.”

Ends

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About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff.  The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 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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