Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

Wednesday, October 3, 2018

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

In the UK data centre sector, at least one in five key technical roles are filled by non-British staff and employers say that the prospect of Britain leaving the EU is already making it difficult to attract EU staff.

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