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Brexit Brings Flat Growth in IT Spending for 2016

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U.S. IT research and advisory company Gartner has warned that IT spending in UK is set to suffer as a result of Brexit uncertainty, and the resulting loss of business confidence, and the falling value of the pound.

Spend Slump

The uncertainty surrounding Brexit appears to have been contagious and a recent warning from a U.S. perspective shows that worldwide growth in IT spending in 2016 is likely to flatten out to $3.41 trillion as a result. This may sound like a pretty large number in itself but the knock-on effect of the UK’s momentous decision is a growth rate that is now only slightly inflated from an outlook of negative 0.5%.

In terms of the UK, last year’s IT spend was £123.9bn but the Brexit aftershock means that this figure could be reduced by as much as 5% in 2016’s IT spending.

SOURCE: westtek.co.uk

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Francis West, Westtek Solutions

Francis has 26 years of IT experience and 17 years helping recruitment companies choosing, using and supporting the right IT systems. A previous winner of the South African Business Innovation award, Francis networks with black belt efficiency.

He is the MD of Westtek, which can save your 10-100 user Recruitment business a min of £1,589 per employee every year in lost time. They will help you protect your data, improve your uptime, double the effective lifespan of your computers and reduce your support calls by 86% in the first 3 months.

 

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