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IT jobs could be created with investment, says LSE

Published: Friday, 01 May 2009   Category: Science, IT and Engineering

Those looking for graduate IT jobs in the current economic climate may receive help from a recommended £15 billion investment into digital infrastructures, according to a new report.

Produced by the London School of Economics (LSE) and the Information Technology and Innovation Fund, the report said that funding for broadband, intelligent transport systems and a smart power grid could create and retain 700,000 new jobs.

The report suggested that investing in information and computer technology (ICT) would benefit the economy more than spending on physical infrastructure such as roads because it affects the working of all sectors.

Jonathan Liebenau, reader in technology management at LSE, said: "Our report shows that in this severe economic climate the right investment in ICT infrastructure would have a significant effect in creating jobs now and in stimulating productivity and innovation for the future."

Charles Ward, chief operating officer at Intellect, recently said that those looking for graduate IT jobs should not be worried because the sector has not stopped growing.

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