Brown promises e-spending boost
Chancellor Gordon Brown identified e-commerce as the "newest and most decisive challenge" to the UK economy in his comprehensive spending review, announced...
Chancellor Gordon Brown identified e-commerce as the "newest and most decisive challenge" to the UK economy in his comprehensive spending review, announced this week.
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Brown said this year's £22.5bn sale of mobile telecoms licences would generate an extra £1bn a year in public spending.
High-tech commitments focused on e-skills, e-government and regional development plans. There will be:
Despite the pledges, many high-tech firms remain dissatisfied, both over spending and taxation. Phil Boursfield, senior vice president at storage specialist Veritas, described the proposed boost for RDAs as "not nearly enough".
"Veritas on its own is investing £250m [in UK IT]," he said, adding it had halved planned investment because of the UK tax environment.
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