UK Technology Sector retains top spot in Europe with Trillion dollar value

UK tech sector largest in Europe with over trillion dollar value

I recently wrote about the UK tech sector reaching a historic milestone as easily the largest in Europe (or the EU for that matter), which had a value of over 1 trillion US dollars.

Great news out today from data provider Dealroom for the Digital Economy Council, which is part of the Department for Digital, Culture, Media and Sport confirms this trend for 2022. Digital minister Paul Scully was reported as saying that “UK tech has remained resilient in the face of global challenges and we have ended the year as one of the world’s leading destinations for digital businesses.”

Now if we look at the UK’s performance compared to some of our EU peers we can see that the total value of the UK sector (£820 billion) is up by 6% compared to 2021 and that it is over twice the size of Germany’s technology sector (£384billion), and 3 times bigger than that of France (£253billion). However we must be careful here as the report shows that both of these countries technology sectors grew more quickly this year than ours (Germany by 9% and France by almost 30%). This means the government must focus on supporting the tech sector with decent regulations and low taxes, and laws that encourage investment, training and expansion.

Antony Walker, deputy chief executive of Tech UK put it perfectly when he said that “the government said they intend to turn the UK into the next Silicon Valley – but to do that, we need a long-term plan that gives tech businesses the confidence they need to keep investing in the UK.’

Now this is incredible news and something that should be all over the news media and in the traditional, mainstream media newspapers. However when I looked in the Financial Times (FT) this morning I couldn’t find it. Now the FT is suspected to be one of the most anti Brexit newspapers in the UK, hiding good news and spinning things to make the UK seem as if we are doing much worse than every other EU country. But I thought there is no way they could hide a story as big as this. Well guess what I was wrong. This huge news story about the UK technology sector was nowhere to be found. This was the main article in the UK section (yes, an anti Brexit story.. Surprise, surprise!)

The Financial Times main UK article, 22 December 2022
The Financial Times main UK article, 22 December 2022

Now this just shows exactly what is happening in the UK mainstream media right now. These institutions, which have never forgiven the current Conservative government for Brexit or accepted the largest democratic vote in British history. They have never given up their quest to reverse it and are (it seems) actively trying to damage the UK economy by hiding good news and amplifying the bad. They are working hard to blame all the UK’s problems of inflation, energy shortages, recession, on Brexit so that people will vote in a Labour government who will reverse it as soon as possible (or make it pointless by following EU laws and rules with no say in setting them).

This is why it is crucial for us to get good news out there to show that the UK is doing well in certain areas. Otherwise Brexit will be reversed and democracy in this country will be nothing but an illusion, and a corrupt EU will have used all its influence and control of Europe’s media /politicians to weaken us and reabsorb what is left on much worse terms than before.

Unfortunately it seems as if they will never accept Brexit and will always try to harm us as they are terrified a successful United Kingdom would show the world and its members that it is pointless and unnecessary.

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