UK government pledges cash to boost the digital economy

In today's budget speech the UK Chancellor, Phillip Hammond, has announced a number of measures aimed at boosting the tech sector. These include £500m of support for 5G mobile networks, full fiber broadband and artificial intelligence and £540m to support the growth of electric cars, including more charging points. A further £2.3bn is allocated for investment in research and development and £30m to develop digital skills distance learning courses. Digital economy royalties relating to UK sales which are paid to a low-tax jurisdiction -- hello Amazon, Apple, etc -- are to be subject to income tax as part of a… [Continue Reading]