How the 2021 Chancellor’s Budget affects the UK tech industry

UK budget expenditures Office for Budget Responsibility and HM Treasury calculations

The budget envisions a variety of initiatives aimed at the tech industry, including efforts to help small businesses solidify recent digital moves; investments in green technology and other climate change initiatives; and visa changes set for 2022 aimed at boosting the tech sector — especially fintech.

As the UK continues to grapple with the coronavirus pandemic, the country faces the worst recession in 300 years. With that backdrop, Chancellor of the Exchequer Rishi Sunak offered up a budget that envisions £1.05 trillion in public sector spending, including about £407 billion to help the nation manage the COVID-19 outbreak and efforts to help small business digital transformation.

Details in the document break down the categories for spending.

Office for Budget Responsibility and HM Treasury calculations

The budget envisions a variety of initiatives aimed at the tech industry, including efforts to help small businesses solidify recent digital moves; investments in green technology and other climate change initiatives; and visa changes set for 2022 aimed at boosting the tech sector — especially fintech.

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Source:: Computerworld