da davidson's rishi jaluria will stay with me.his is bloomberg. ♪ taylor: this is bloomberg technology. what we have been talking about for the last 30 minutes is about brexit. we want to recap what has been going on on the ground in the u.k. they did face a crucial parliamentary vote. they lost. government boris johnson did lose the vote. the u.k. parliament took a key first step in blocking a no-deal brexit. boris johnson proposed a motion for a general election which we think might be held october 14. headlines that the u.k. has announced $2.4 billion of extra brexit funding. thankfully, i'm joined by a senior policy analyst for data innovation and she can help break all of this down for me. more importantly for our audience, tax impact from this brexit vote. thank you for joining me. some ofy have to ask your initial reaction, how would tech be impacted here given the drama that is going on within the u.k. right now? guest: thanks for having me. what we see in our work is it is essential for the eu to perform in the digital ec

davidson's rishi jaluria. sticking with tariffs, some are saying investors are looking to software as opposed to hardware as trade tensions escalate. the idc president says tariffs are having less impact on i.t. spending than originally predicted. we spoke to him on tuesday for more details. >> tech spending has not been that significantly affected as a function of the tariff talk. a lot of that has to do with where we were in the tech cycle. you have to remember that tech is infused in the economy now, infused in our work lives, in the infrastructure and how we entertain ourselves. so what we saw was that there was a huge data center buildout. server spending, storage spending was really high. if you look at infrastructure spending last year, it was over 20%. if we had gone back three years and said it would be over 20% as a buildout function of the cloud, nobody would have taken that seriously. so it really muted overall spending impact associated with tariffs. what we saw last year was about 9% growth overa