AB17: UK needs inward investment for tech businesses | KPMG | UK

Autumn Budget 2017: UK needs to attract inward investment for tech businesses

AB17: UK needs inward investment for tech businesses

Bernard Brown, Vice Chair at KPMG UK comments on the Budget announcement.

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Commenting on the Budget announcement, Bernard Brown, Vice Chair at KPMG UK, highlights that more needs to be done to attract inward investment for the UK digital and tech sector to prosper. He said:

“The announcements made by the Chancellor today only scratch the surface of what we as a nation can offer digital and tech businesses to set up shop here in the UK. With the UK preparing to leave the European Union, we desperately need to attract inward investment, from digital and tech businesses of all sizes, by introducing tax incentives and increasing investments in our tech clusters. By doing this we’ll be supporting talent, boosting productivity, and creating hundreds of thousands of good, high-skilled jobs up and down the country.

“If we are going to stay in the race for being front runners in cyber security, AI, automation, driverless vehicles and other new technologies, we really need to offer more to entrepreneurs and innovators to succeed.”

 

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For further information please contact:
Nahidur Rahman, KPMG corporate communications

T : +44 (0) 20 7694 8812

M : +44 (0)73 9376 0775

E : nahidur.rahman@kpmg.co.uk

 

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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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