England is one of the four countries to fall under the United Kingdom and is mostly synonymous to the United Kingdom itself for it is the largest of the four that form the UK. It is also the largest economy in the UK. Major industries in England are textile, automobiles, computers, aircraft and chemical. Manufacturing in all these sectors amounts to the one-fifth population’s employment in the country.
The pandemic had a major impact on the manufacturing industry as import and export of all products suffered due to stringent lockdown measures globally. England’s GDP crashed in April of 2020 and the government along with the Bank of England took great measures to put things back into place with an all-time low of 0.1% interest, said Economic Times. Elsewhere CNBC reported the growth of the economy to be 6.6% on a month-by-month basis.
As of July 2020, the growth was significant but still 11% below the usual growth graph that would have risen in a non-pandemic England. Much like the global stat, full recovery is expected to be nowhere in sight until 2022. The tough times faced by the businesses caused by the separation from the European Union (EU) have been topped with a recession caused by the pandemic. This has made it tough for businesses to rise back to work. In such a case, many are looking towards technology and the advanced options it has to provide that will help keep many low and medium-sized businesses stable.
The cloud adoption has been on a vast scale. A hike has been observed in the technology sector across various industries due to the steady movement of many industries towards cloud infrastructure and computing. With rising demands in chemical, computer and pharmaceuticals’ production, globally enterprises are eager to get back in trade with a fail-safe operation system.
England is a hub for start-up and the culture allows a solid foundation. The pandemic struck the country, many technological start-ups have come forth to help businesses of all sizes in every capacity. The movement has been on a scale large enough that the IT sector in England is predicted to be the new rising industry as a major economic contributor in the upcoming years.
It is clear that IT has only begun to find solid ground and potential market in the manufacturing industry powered England, but the rise has been monumental and the future is only getting brighter as the country pulls free of a pandemic caused recession.