UK tech firms secure record £5.5bn foreign investment

Investors ploughed $6.7bn into the UK tech sector in the first seven months of the year, more than the whole of 2018, according to figures from the government's digital economy council.

The research by industry body Tech Nation and data company Dealroom also indicated that the UK has overtaken the US for the amount of investment per capita.The weakness of the pound is also likely to have made the sector a more attractive destination.The investment figure was 43% higher than the $4.7bn for the same period last year - but about 50% higher in sterling terms as the dollar has strengthened against the pound.Funding growth was driven by US and Asian investors pumping $3.

Even stock images have RGB keyboards now ffs

BUT BreXITTT?

More needed.

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UK tech firms secure record amount of foreign investmentTotal of £5.5bn pumped in since January – £3.1bn of it from the US and Asia .jeremycorbyn Superficially a good look, this is what BorisJohnson and the Tories wanted: a cheap Britain, a big-business playground with the icing on the corporate cake the massive driving down of wages and social services on the path to a post-Brexit, neo-feudal Britain. Fire sale here, look over here! Nothing about Brexit? Not an angle to be addressed here? If Brexit is so cataclysmic, why all this investment? Silence right? Very neutral, responsible journalism...
Source: The Guardian - 🏆 84. / 53 Read more »