Tech City UK Blog

How the Tech industry has helped London and the UK overcome the financial crisis and grow.
As one of the great financial centers of the world, London was significantly affected by the financial crisis, with the financial services industry losing 8 percent of its jobs in only 12 months. Three years later, the London labor market has generated an almost 9 percent increase in employment in 2012 and 2013, far outperforming the less than 1 percent gain forecast in 2012 for that period. This report explores the significance of the digital sector to London’s economic strength, and how it has set the city to become a global tech capital.