Ungated Post | 14 May 2019
The Economic Impact of Huawei in the UK
Huawei is a global leader in information and communications technology solutions. Since opening its first UK office in 2001, Huawei has played an important part in helping its UK carrier partners to develop and roll out both fixed and mobile networks throughout the UK, by its provision of network architecture, sites, and stations. More recently, it has offered its range of smart devices to personal customers in the UK and elsewhere.
"This report investigates the economic contribution that Huawei made to the UK economy between 2012 and 2018. We find that Huawei stimulated a £1.7 billion contribution to UK GDP in 2018 alone. Furthermore, Huawei is found to have supported 26,200 jobs across the UK in 2018. This economic activity generated £470 million in tax revenues for the Exchequer.
It also investigates how Huawei’s research and development (R&D), staff training, and Seeds for the Future and ICT Academy programmes have enhanced the productive potential of the UK economy. "
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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