Stephen Kelly, chair of Tech Nation, comments on the monthly employment figures out on August 11 and the quarterly GDP figures from the ONS due tomorrow.
“The decrease in employment and the looming recession show that the old economy is no longer sustainable, so, to find a route to recovery, government and business leaders must look towards the digitally-enabled new economy.
“Pre-Covid-19, the tech sector was growing six times faster than the rest of the economy and it already employs almost three million people, representing an engine room of high-value, highly-skilled and well-paid jobs, with salaries that are, on average, £10k higher than other sectors. Clearly, it is time to think about tech as core to UK employment, prosperity and productivity.
“We believe there are five major steps that can be taken to support the Tech sector in leading an economic recovery:
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