UK should invest in tech despite inflation, say Microsoft and CBI

British organisations need to “fight back” against economic headwinds by boosting digital skills and embracing digital-first methods for working.

At an event run by Microsoft, the company’s UK chief executive Clare Barclay told attendees that technology is redefining how people work together and helping society innovate through the challenges.

CBI director-general Tony Danker said that the UK will “never have a greater opportunity” to transform its economy and society.

He added that despite “real headwinds in the economy”, the UK could enjoy a number of benefits, including: decarbonisation, greater innovation and technology; and a more globalised nation.

“Government can’t change many of the headwinds we currently face, such as inflation and global energy prices,” said Danker. “But it can boost confidence, support investment and unlock growth markets such as clean energy, the digital economy, research and development.

“Businesses can also act by chasing the real opportunities present in the UK today and showing the same innovation that was present during the depths of the COVID pandemic.”

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