Brexit has caused confidence in the UK tech sector to plunge

Confidence within the UK tech sector has fallen by 23% according to a poll from industry trade body techUK.

The poll asked 237 UK tech executives whether they were positive about the UK tech sector's potential for growth over the next two years.

While 70% of UK replied "overall positive", that's still down considerably compared to 93% in March 2016, two months before the referendum.

Julian David, CEO of techUK, said in a statement:

Some 49% of respondents said that the outcome of the EU referendum would have a detrimental impact on foreign direct investment over the next two years, while 48% said capital investment and R&D spend in the UK would also take a hit over the same time frame.

In response to the survey findings, techUK has launched a Brexit unit, headed by techUK policy director Charlotte Holloway, which will focus on mitigating the impact of Brexit on the tech industry.

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