Being anti-business has consequences. Those consequences include entrepreneurs taking their business elsewhere.
Correct, it’s a reality the UK needs to face.
Listing in somewhere more business friendly like the US will attract a higher valuation, you have access to more liquidity and the US doesn’t impose a transaction tax like the UK does with SDRT.
> However, he argued the UK market “can’t compete” with the liquidity offered by the US, given the stamp duty charged on buying shares.
We should abolish SDRT, 0.5% per share quickly adds up, so it’s no wonder companies are de-listing from the FTSE and listing elsewhere, and choosing to list in exchanges in the US and Asia./
I’ve worked in several London start-ups. As soon as they reach certain development milestones they attract US venture capitalist investment and move over to the US because that is the only path to success.
The UK has an immense amount of talent but as soon as these seedling tech companies start to blossom they turn to the US funds and guidance to grow and develop.
We have this very weird anti-business, anti-entrepreneurship attitude in the UK that making a success of yourself is a bad thing.
The US worships entrepreneurship success the same way the UK worships sacred cows like the NHS.
The UK is poorer in terms of GDP per capita than Mississippi, the poorest state in the US.
If the UK wants to stem the flow of talent to places like the US then we need to be as pro-business and as pro-entrepreneurship as they are… Hell, perhaps even attract them from the US itself to the UK – which though the right tax system can healthily fund our public services.
That might sound like too much joined up thinking but I think there is a win-win to be had here
Brexit pulled down the curtain behind the empty stage. The wizard was just a little man after all.
With unlimited access to European money and markets through the funnel of English law and language, London was unique. Brexit destroyed all that. Why list in london now? The UK literally is an empty shell that’s sinking through open borders and over taxation.
Revolute is apparently worth more than Barclays…
The reason for no UK ipo is partly because of higher US valuations. However the main reason is that it needs a US IPO to even attempt to maintain it’s vastly overinflated value.
Let’s be honest, everyone wants to live in world where they don’t have to follow rules but no one wants a society without any rules
Sure startups don’t like regulation here but that isn’t a reason alone to get rid of the regulation. Water companies didn’t like regulation either but as soon as those were removed, they dumped sewage in open
Plenty of comments here are talking about GDP but what does that mean for people? Ever since war in Ukraine, I have read countless news about how American GDP is leaving UK n EU in dust and yet their people cited economy as main reason to vote out Biden
Read analysis in FT on how Blackpool has worst life expectancy in UK but still does better than America’s richest areas. Just remember, American GDP also includes insane money they pay for medical treatment. Has that GDP helped them?
What a pointless tax. Why do we conflate entrepreneurship with rabid capitalism?
I love the UK but the place is dead, zero innovation, drowning in people coming in illegally which we can’t afford. We want to bring everyone down instead of pushing people up, stuck up and riding on past success. You’d be crazy to list in the UK if you could list in America. All my investments aside from my property are American.
8 comments
Being anti-business has consequences. Those consequences include entrepreneurs taking their business elsewhere.
Correct, it’s a reality the UK needs to face.
Listing in somewhere more business friendly like the US will attract a higher valuation, you have access to more liquidity and the US doesn’t impose a transaction tax like the UK does with SDRT.
> However, he argued the UK market “can’t compete” with the liquidity offered by the US, given the stamp duty charged on buying shares.
We should abolish SDRT, 0.5% per share quickly adds up, so it’s no wonder companies are de-listing from the FTSE and listing elsewhere, and choosing to list in exchanges in the US and Asia./
I’ve worked in several London start-ups. As soon as they reach certain development milestones they attract US venture capitalist investment and move over to the US because that is the only path to success.
The UK has an immense amount of talent but as soon as these seedling tech companies start to blossom they turn to the US funds and guidance to grow and develop.
We have this very weird anti-business, anti-entrepreneurship attitude in the UK that making a success of yourself is a bad thing.
The US worships entrepreneurship success the same way the UK worships sacred cows like the NHS.
The UK is poorer in terms of GDP per capita than Mississippi, the poorest state in the US.
If the UK wants to stem the flow of talent to places like the US then we need to be as pro-business and as pro-entrepreneurship as they are… Hell, perhaps even attract them from the US itself to the UK – which though the right tax system can healthily fund our public services.
That might sound like too much joined up thinking but I think there is a win-win to be had here
Brexit pulled down the curtain behind the empty stage. The wizard was just a little man after all.
With unlimited access to European money and markets through the funnel of English law and language, London was unique. Brexit destroyed all that. Why list in london now? The UK literally is an empty shell that’s sinking through open borders and over taxation.
Revolute is apparently worth more than Barclays…
The reason for no UK ipo is partly because of higher US valuations. However the main reason is that it needs a US IPO to even attempt to maintain it’s vastly overinflated value.
Let’s be honest, everyone wants to live in world where they don’t have to follow rules but no one wants a society without any rules
Sure startups don’t like regulation here but that isn’t a reason alone to get rid of the regulation. Water companies didn’t like regulation either but as soon as those were removed, they dumped sewage in open
Plenty of comments here are talking about GDP but what does that mean for people? Ever since war in Ukraine, I have read countless news about how American GDP is leaving UK n EU in dust and yet their people cited economy as main reason to vote out Biden
Read analysis in FT on how Blackpool has worst life expectancy in UK but still does better than America’s richest areas. Just remember, American GDP also includes insane money they pay for medical treatment. Has that GDP helped them?
What a pointless tax. Why do we conflate entrepreneurship with rabid capitalism?
I love the UK but the place is dead, zero innovation, drowning in people coming in illegally which we can’t afford. We want to bring everyone down instead of pushing people up, stuck up and riding on past success. You’d be crazy to list in the UK if you could list in America. All my investments aside from my property are American.
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