‘Significant exposure’: Amazon Web Services outage exposed UK state’s £1.7bn reliance on tech giant
NegativeFinancial Markets

The recent outage of Amazon Web Services has raised serious concerns about the UK's heavy reliance on the tech giant, with the government depending on £1.7 billion worth of services. This incident underscores the risks associated with deepening ties to a single provider, especially when warnings from UK regulators, including the Treasury, have been ignored. As the UK continues to attract significant investments from Amazon, the vulnerability exposed by this disruption could have far-reaching implications for public services and the economy.
— Curated by the World Pulse Now AI Editorial System