According to a recent study, SMEs may prioritize investing in new technology to enhance the UK economy by £79 billion over the next 12 months. This may, therefore, result in additional Exchequer revenues (from income and spending taxes) of more than £25 billion annually over a year, surpassing the £22 billion that the Chancellor has stated is required to close the "black hole" in public sector budgets.
According to a recent study, SMEs may prioritize investing in new technology to enhance the UK economy by £79 billion over the next 12 months. This may, therefore, result in additional Exchequer revenues (from income and spending taxes) of more than £25 billion annually over a year, surpassing the £22 billion that the Chancellor has stated is required to close the "black hole" in public sector budgets.