Investment in Britain's tech sector jumped 44per cent in 2019 - report

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Investment in Britain's tech sector surged 44per cent to a record US$13.2 billion pounds in 2019, accounting for a third of all European funding ...

LONDON: Investment in Britain's tech sector surged 44per cent to a record US$13.2 billion pounds in 2019, accounting for a third of all European funding and exceeding the total in France and Germany combined, the UK government's Digital Economy Council said on Wednesday.

He said that while the country was in a good position, it could not afford to be complacent and had to ensure that government policy supported the sector. Britain was striking the right balance between regulating the fast-growing tech sector, for example in developing polices to make the internet as safe as it could be, Warman said, while also remaining pro-investment.

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