Freelance workers and umbrella company contractors are set to benefit from the government’s new plans to drive economic recovery by investing in new technology.
David Willets, the minister for universities and science, recently unveiled the results of the Foresight report, which draws attention to the new technological advancements of today that are likely to lead to massive expansion over the next two decades. Two such new technologies that could drive economic growth are 3D printing and also so-called ‘smart’ fabrics, which have the ability to measure heartbeats and may be of great benefit to the aging baby boomer population in maintaining their health as they age.
Mr Willets said that government investment in these emerging technologies will aid the UK in carving out a more competitive edge compared to other global economic superpowers. Britain’s industrial strategy relies upon looking forward to future developments that go far beyond the ever-swinging political pendulum, the minister added, remarking that UK companies can make better decisions regarding their long-term investments when they have the certainty of the government’s full support at their back.
Industry experts agree that investment is one of the key components to the creation of new job opportunities in both the permanent and interim sectors. Investment in new and emerging technologies is especially key to strengthening economic growth and embracing the future as well, these same experts say.
