Business2 sources
UK's 'Buy British' Tech Policy Falls Short, Foreign Firms Dominate
- The UK government aims to boost domestic tech spending but falls short, with less than £1 in every £6 spent with major tech suppliers going to British firms.
- A report from the Institute for Public Policy Research (IPPR) reveals that 42.5% of spending with the public sector's 150 largest technology suppliers is with foreign firms.
- The UK government's reliance on foreign tech highlights a gap between policy intentions and actual spending outcomes.
- The report emphasizes the need for stronger measures to support British tech firms in the public sector.
- The findings suggest a significant opportunity for British tech companies to capture a larger share of public sector spending.