How the UK is building an ‘innovation economy’ and creating the next great UK economy
The UK’s innovation economy is expanding faster than the rest of the EU and is now the fastest-growing region in the EU, according to a new report.
The UK economy is growing by 3.1% per annum, according the National Institute of Economic and Social Research (NIESR).
This compares to growth of 0.4% per year in the rest, according TOEFL.
The UK economy has grown by 3 per cent per annums.
It’s now the first EU country to have an innovation economy of at least 3.5% per head.
And, as we reported in March, Britain is the only EU country which has been able to achieve this rate.
The country’s economic success has been built on three pillars: the creation of the tech industry, the creation and adoption of digital technologies, and the development of the local talent pool.
NIESr said in its report that “the UK has achieved two of these pillars, and has been doing so for a long time.
The first is the creation, adoption, and development of digital and social technologies, such as smartphones, and a strong local talent sector.”
The report says the UK’s tech industry has created 3.2 million new jobs since 2007, which is a significant boost to the UK economy, which has now reached £19.3 trillion.
“The second pillar is the development and adoption and adoption, of the digital skills and knowledge of the people who are working in the tech sector, including the skills and skills of the young people and the technical workers who are leaving the industry to be employed in the technology sector,” NIESr added.
So how has the UK become the best place in Europe to be a tech entrepreneur?
The UK’s success is due to the emergence of two key innovations: 1) the “internet of things” and 2) the rise of “innovation and innovation capital.”
Innovations in the UK have been creating opportunities for entrepreneurs, as well as for investors and the UK government, which helped fund the £5.4 billion “Big Four” tech firms in 2015.
For example, the “Internet of Things” is a set of connected devices which can be used for everything from home heating to controlling appliances, as long as they are connected to the internet.
Innovation and innovative capital has been used to finance the UK tech sector for years, with companies such as Google, Facebook, Uber and Snapchat all investing in UK technology startups.
The UK government has been one of the largest investors in UK startups, with the Government investing in the likes of Uber and Airbnb, as the UK has become the UKs most-visited tech destination.
As the report says, the UK innovation economy has created a vibrant and growing local talent market.
And it’s the UK that is building the next UK economy.
The NIESR found that the UK currently has the second highest level of entrepreneurial activity in the world, behind the US.
This is partly due to “an explosion in the number of companies launching their first UK companies and the emergence and spread of new technology companies in the country.
According to NIESrs report, the number one factor that drives innovation is access to the talent pool, with almost 90 per cent of all new companies starting in the region of London.
And a third of all UK companies are based in London.”