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Brexit uncertainty hits UK IT budgets

From IT Pro

"IT departments in the UK are set to have their budgets tightened even further next year, thanks to the political and economic uncertainty caused by Brexit.

According to Spiceworks' 2017 State of IT report, which examines technology budget and adoption trends of IT professionals in North America and EMEA, budgets will remain relatively flat. The UK, however, stands out in the results as a location that actually expects the amount of money available to shrink, rather than remain steady.

UK respondents to the survey told Spiceworks they expect IT budgets to drop 5% in 2017 year-on-year, with the fallout of the EU referendum and the potential fallout of Brexit leading to hesitancy to invest.

Not only is the political and economic uncertainty caused by the result leading companies to hold back on spending, but the lack of clarity around regulations – such as data protection – is also a concern.”

Read more at IT Pro


NCC Weekly News Update 27 September 2016 

 

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