UK Tech Sector Reacts To Brexit: Some Anticipate Slow Down, Some Contemplate Relocation

In the aftermath of the United Kingdom voting to leave the European Union, UK's technology industry is reassessing its position, with many of them considering moving to a continental location. According to reports, Samsung, LG, and Acer have noted that the UK leaving the EU will affect their operations. From a BBC report:As news of Brexit broke, tech firms including BT, TalkTalk and software firm Sage reported share price falls. [...] "I have concerns that the local market might slow down," said Drew Benvie, founder of London-based digital agency Battenhall. From a report on The Guardian:Britain's financial technology sector is particularly hard-hit, with the prospect of losing access to European markets an unappealing one. "Fintech" has long been one of the UK's most promising growth areas, in part due to London's position as the financial capital of Europe. [...] Not one of the 14 billion-dollar tech firms based in the UK the Guardian asked said leaving the EU would be good for their business.Toby Coppel, the co-founder of venture capital firm Mosaic, said: "The next entrepreneur who's 22 years old, graduating from a technical university in Germany may, instead of moving to London to do their Fintech startup, decide to go to Berlin instead. I think that's one of the biggest concerns I have about the trajectory of the London technical ecosystem."

Comments

How Trump is funding his presidential campaign

[shanen]

My theory is that Trump did it. He encouraged the leave vote, and whether or not Brexit was his fault, he's snapping up bargain-priced stocks dragged down in the ensuing panic. Of course, that's pretending he's as rich as he claims and actually has the free cash to play with. If so, he can easily make enough money to pay for his presidential campaign, and he can just tap some of his other assets while he's waiting for the stock prices to recover from the panic. Just one example of a money-making scam based on Brexit. If the Donald is half as smart as he claims, then he could make even more money with a smaller investment from currency speculation on the bounces.

Can you spell "conflict of interest"? The Donald can't.

I think the reality is probably different, but I'm not holding my breath for Trump to release his tax returns so I can find out. I shudder to think it, but if he does become president, we may find out about the real and EVIL power of insider trading by the deepest and most powerful insider ever. We already have sufficient evidence about his business morals, but I also believe it is impossible to make 10% of the money he claims by honest and ethical means.

My analysis is that there are four main groups of Trump supporters: Government haters, Hillary haters, bigots, and racists. The purist government haters are thrilled by the idea of Europe disintegrating and many are even hoping that Trump will destroy the federal government so the US can be disunited. You have to admit that would be great for the international companies racing to the bottom on the backs of the cheapest labor available from the smallest and weakest countries.

Anyway, right now we need international cooperation more than ever, not the Brexit kick in the teeth. Climate change, for starters. The only way I can agree with this vote is if you convince me it is too late and England was right to dash for the lifeboat.

Me? I'm a lunatic clinging to hope for the future of homo sapiens. I even hope that slashdot could get better. ROFLMAO.

Re:Don't Panic

[jcr]

these people really are too stupid to understand what's in their own best interests

Or maybe they understand better than you do, that it's a good thing to be able to vote out your legislators if they're fucking you over.