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Budget 2021: How the UK tech industry reacted

rishi-sunak-budget-2021

Rishi Sunak’s first budget — delivered just a few weeks after he became Chancellor — was notable for its generosity. His second budget, after a year in charge of the country’s finances and following another wave of Covid-19 infections and deaths was different. While continuing with some generosity, he’s now starting to look at how he will pay the bills.

How has the tech sector reacted to some key announcements? UKTN takes a look:

1. Talent visas

The UK had only introduced a points-based immigration system in January. However, Sunak has already made amendments, reducing the requirements migrants in some fields will need to meet.

Those highly skilled in tech, science and research can now enter the country without a sponsor, while a simplified system will be created for entrepreneurs looking to set up in the UK....

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