The UK IT market is one the most lucrative in Europe, with a high value retail market due toconsumer affluence, as well as an enterprise base that is weighted towards high spending verticals such asfinancial services, research and retail. Despite the uncertainty generated by Brexit these should continue tobe major strengths, but there is pressure on purchasing power due to sterling depreciation, as well as athreat to some high verticals such as finance should Brexit negotiations result in a disorderly exit from theEU in 2019.
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Computer Hardware Sales: GBP13.8bn in 2017 to GBP13.2bn in 2021, CAGR of -1.0% in localcurrency terms. PC spending faces a squeeze due to competition for tablets from smartphones, while thepotential weakness of the UK consumer represents additional downside risk.