The IT industry in the UK is particularly strong in supplying sector specific skills. IT spending as a percentage of gross domestic product is 3.2%, and 35% of PCs manufactured in Europe are produced in the Britain. Over the last two decades the Government has opened up the telecoms market to competition, moving away from the dominance of British Telecom (BT) to new fixed and mobile operators. The result is that the UK now has one of the most open and competitive telecoms markets in the world. A further substantial step towards full deregulation took place in July 2003 with the Communications Act. This moves the UK away from a licence-based system to one where companies are operating under a general conditions of entitlement pro-competitive regulatory framework.