News Summary

• More than one in three UK tech execs believe that the ongoing skills gap could be costing them at least £380,000 per year.
• The biggest concern, shared by 88% of the survey's respondents, is that there's simply not enough junior talent entering the workforce.
• Nearly all (94%) have invested in at least some AI tools, but only 6% report AI literacy across the entire workforce.
• More than four in five (85%) say they hired the same number (or more) junior tech professionals this year as before, and 10% have even significantly increased hiring.