Those attending general business conferences will be aware that this week’s Budget delivered favourable news for the technology sector in the UK.

Chancellor George Osborne announced on Wednesday that the government would be investing money into the sector, creating jobs, introducing tax relief and supporting more apprenticeships.

A boost in the number of enterprise zones and an increase in loans to small businesses were also announced.

It is thought that 50,000 apprenticeships may be created over the next two years, with more than 8,000 in skilled professions within the IT and technology sector.

Twenty-four new university technical colleges have also been proposed, and more money will be spent on the Space Innovation Centre.

Elsewhere in the Budget, a planned fuel duty increase was postponed, and more duty was added to cigarettes and alcohol.
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