Digital Sector Now Accounts for 7.7 percent of the UK’s Economy

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"We also have to pursue an independent trade policy that focuses on the digital."

The digital sector is experiencing a massive boom as it now accounts for 7.7 percent of the entire UK economy.

This comes from data from the Department of Digital Culture and Sports (DCMS), which has released government figures showing that the digital sector contributed £ 149 billion to the UK economy in 2018.

The numbers show exponential growth in the industry over the past five years as it has overtaken the economic growth of the economy.

Digital Minister Matt Warman commented in one release that: “Technology is a sweet spot of our economy and brings jobs and prosperity across the country. The success is thanks to our business-friendly environment and the fantastic workforce. We are working hard to continue this dynamic by strengthening regional technology clusters that support digital businesses and invest in people's digital skills. "

Digital sector

Figures released today show that the creative industries contributed over £ 111bn to the UK economy in 2018, which equates to £ 306m a day.

This number was reached due to the large economic contributions of the technology services and media production industries.

Julian David, managing director of techUK Regarding the state digital sector figures, the government said: "Today's figures show that the UK digital sector continues to be the modern success story of the UK. TechUK wants this success to be felt in every community across the country, and on skills , Investments and opportunities. "

"To ensure Britain's future as one of the world's premier digital economies, it is vital that we act now to ensure that people have the skills to benefit from a huge growth sector." We also need to pursue an independent trade policy that focuses on the digital while strengthening our close cooperation with our European friends and partners. "

See also: Skills need to be restarted with US investments





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