IT firms’ total soars as UK clicks as a tech hub
Britain’s app economy and London’s booming Silicon Roundabout have led to a surge of 37,000 in the number of UK IT companies in the past two years.
The UK’s strengthening position as a major tech hub means there are now more than 300,000 businesses operating in the information sector – a 14 per cent rise on the same time two years ago.
That’s much higher than the all-industry average of 8 per cent growth in the number of enterprises in the same period, according to accountancy group NoPalaver. About a fifth of the hiring IT companies are small businesses with fewer than 50 employees while the majority – almost 80 per cent – are sole contractors.
“New media entrepreneurs are riding the next wave of technological innovation to establish a raft of high-growth start-up IT businesses clustering around tech hubs,” said Graham Jenner, a director at NoPalaver.
“In addition to these new seed companies creating new jobs in the industry, we are also seeing huge numbers of IT professionals striking out on their own as contractors supplying these new media companies with bolt-on expertise and access to flexible skills.”
The number of people out of work fell by 48,000 to 2.47 million in the three months to September, according to the Office for National Statistics.
The unemployment rate of the economically active population fell to 7.6 per cent, its lowest rate in more than three years.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 2 Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
- 3 Katie Hopkins has just written a piece so hateful that it might give Hitler pause – why was it published?
- 4 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
- 5 Cancel Sky at your peril: man spends 96 minutes in chat but fails to get rid of service
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£30 - 35k (DOE): Guru Careers: We are seeking a Pricing Analyst with experienc...
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£21000 - £24000 per annum: Ashdown Group: The Ashdown Group has been engaged b...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, int...