Connect with us

Tech

How to make Britain a bigger power in technology

 


Touting an ambition to transform a city, region, or country into the next Silicon Valley has become a tired expression among politicians. The world has seen a failed and futile attempt to recreate the magical combination of entrepreneurial dynamism, financial adventurism, and university- and government-led research brains that have made Silicon Valley one of the world’s most dynamic innovation hotspots. are scattered. Besides, it’s not even clear if Silicon Valley still has what it once was, thanks to the sharp price drops in tech markets, the social failure of Big Tech, and the financial disaster of the Crypto Brothers.

But none of these considerations prevented UK Prime Minister Jeremy Hunt from declaring in a statement in the fall that he wants the UK to be the next Silicon Valley. If it was simply that he wanted Britain to become a more innovative and productive economy, few would question his intentions. Now he and the rest of his government are obliged to match their refreshing rhetoric with focused action. The UK has a good story to tell about innovative technology start-ups. But there are at least four areas where the government can help build on its success.

Nearly all UK tech companies are looking for more skilled employees to begin with. But the country’s outdated education system doesn’t provide them enough. As a report from the ScaleUp Institute highlighted this year, schools are not devoting enough resources to computer science. The number of computing teachers in the UK has fallen by 17% between 2013 and 2021 to 12,719. At Oxford University, there are more than twice as many undergraduates in computer science as in the humanities.

Companies often fill their talent shortages by hiring skilled workers from abroad. Skilled immigrants make a huge contribution to UK business and the government needs to make it clear that they are welcome. But some ministers are doing their best to dissuade students and entrepreneurs by fomenting hostile anti-immigrant rhetoric. The UK, which has consistently ranked her second only to the US in previous polls, has dropped to her seventh place in the ranking of preferred destinations, according to her latest Gallup poll.

Third, the government has made a major rhetorical commitment to transform the UK into a scientific superpower, pledging to increase R&D spending to 2.4% of gross domestic product. But it is the bare minimum required to compete in the global economy. It still falls short of countries such as Israel, South Korea and the United States. A permanent exclusion from the EU’s 95 billion Horizon research program would devastate many UK-based science projects. Biotech startups also resent Hunt’s shrinking of his R&D tax credit to small businesses.

Governments will ultimately need to do more to incentivize growth capital to help expand promising start-ups. Over the past two decades, the UK has built one of Europe’s most vibrant venture capital industries, but it still lacks the financial resources to transform a national champion into a global corporation. Institutional funds that prefer bonds should be encouraged to imitate their Canadian counterparts and invest more in alternative his equity assets.

French President Emmanuel Macron has defended his country’s tech sector for several years, giving the UK much tougher competition. Paris recently grabbed London’s crown as Europe’s most valuable stock market. This competition should provide further impetus for the UK to double down on the success of its technology sector. Britain will never build another Silicon Valley. But it is still possible to create uniquely powerful economic combinations of research, technology, finance and creativity.

Sources

1/ https://Google.com/

2/ https://www.ft.com/content/5920282d-99e5-4fdd-b6bc-25c8a6722ec5

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]