I, for one, am not surprised in the least. Britain is a country choke-full of entrepreneurs and managers.
Good for the UK, well done. May the the Frexit be soon.
Edit: congratulating the UK is apparently wrong on this sub.
I am starting to feel that, while they made some errors, Nigel Farage, middle-aged pub patrons and racist nans were closer to anticipating the Brexit outcome than most major experts, Guy Verhofstadt and several mainstream politicians.
That said, Brexit or no Brexit, the UK has the unique advantage of English, giving it access to skilled immigrants, capital and other advantages. A more youthful population, top notch universities and pro-business regulations don’t hurt either
I wonder what “incorporate” and “startup” actually means.
The article makes no effort whatsoever to establish a causal link between the new startups and Brexit. Its just a pro Brexit business outlet pushing baseless propaganda. Meanwhile, exports to the EU are plummeting.
Did people really think that the country who began the industrial revolution and at one point had the largest empire humanity has ever seen was going to just lay down and die just because they left the almighty EU. Britain has been here long before the EU and it will be here for long after the EU is gone.
Wasn’t the point to stop Britain from becoming London-City? What happened to the Leveling Up plan?
I hope those 18,500 new startups will make up for the 1/3 of all EU exporters going bust and the rest fleeing the UK to the Netherlands, or the finishing industry going under, or the farms going bankrupt because of cheap beef from Australia and cheap lamp from NZ.
How many will replace Panasonic and Sony that moved to the EU?
Most of the tracked companies have a negative impact since Brexit.
Not surprising since all the EU is doing is regulate and fine. Especially the tech companies. Hell, they even wanted to ban open source.
Simple regulations and tax laws without constant changes play big part in this effect. Especially important for startups but also large corporations. This is why among others Shell left Netherlands for UK (and no dividend tax of course).
I myself noticed that salaries for skilled and also non-skilled workers are increasing quite significantly last 2 years.
So not sure you can say the London is Brexit proof just because it has a lot of tech startups. What would it look like if there wasn’t brexit? Would it be double? Half?
The lack of tech regulation, the well developed fintech sector in London and efficient taxing(including access to tax heavens) would always attract talent and entrepreneurs regardless of Brexit or the EU. I have friends in academia who lost their jobs and many European friends could not afford the international rate to study in the UK and opted for the Netherlands.
Unfortunately the article focuses too much on the London economy and neglects to examine the effect of Brexit to other parts of the UK which might not be that prolific.
Brexit is not that catastrophic as anticipated, but many areas remain bleak, petty crime (who steals flower pots from a front garden and door mats while on cctv), racism in my area is rife, some products have shrinked in size and quality, and EU products are more expensive with the alternatives being utter crap. The effects on household income were felt before the Russian invasion of Ukraine but coinciding with the COVID pandemic were not directly linked to Brexit.
To be honest I no longer feel welcome in the UK outside London, I did not come here to fratenise with my own people/race in the firstplace so my plan is to return to continental Europe. The language barrier is deterring me (I never loved Deutsch so never got to practice it) and the Netherlands (where most English speaking jobs are) have a full blown housing crisis. The amount of specialised English speakers “trapped” in the London economy would always drive it to success.
We’ve always done well with three things, professional services, innovation, and building planes for some reason.
13 comments
I, for one, am not surprised in the least. Britain is a country choke-full of entrepreneurs and managers.
Good for the UK, well done. May the the Frexit be soon.
Edit: congratulating the UK is apparently wrong on this sub.
I am starting to feel that, while they made some errors, Nigel Farage, middle-aged pub patrons and racist nans were closer to anticipating the Brexit outcome than most major experts, Guy Verhofstadt and several mainstream politicians.
That said, Brexit or no Brexit, the UK has the unique advantage of English, giving it access to skilled immigrants, capital and other advantages. A more youthful population, top notch universities and pro-business regulations don’t hurt either
I wonder what “incorporate” and “startup” actually means.
The article makes no effort whatsoever to establish a causal link between the new startups and Brexit. Its just a pro Brexit business outlet pushing baseless propaganda. Meanwhile, exports to the EU are plummeting.
Did people really think that the country who began the industrial revolution and at one point had the largest empire humanity has ever seen was going to just lay down and die just because they left the almighty EU. Britain has been here long before the EU and it will be here for long after the EU is gone.
Wasn’t the point to stop Britain from becoming London-City? What happened to the Leveling Up plan?
I hope those 18,500 new startups will make up for the 1/3 of all EU exporters going bust and the rest fleeing the UK to the Netherlands, or the finishing industry going under, or the farms going bankrupt because of cheap beef from Australia and cheap lamp from NZ.
How many will replace Panasonic and Sony that moved to the EU?
https://readyforbrexit.co.uk/the-list-of-companies-leaving-the-uk-because-of-brexit-grows/
Here is an interesting overview:
https://www.bloomberg.com/graphics/2016-brexit-companies-tracker/
Most of the tracked companies have a negative impact since Brexit.
Not surprising since all the EU is doing is regulate and fine. Especially the tech companies. Hell, they even wanted to ban open source.
Simple regulations and tax laws without constant changes play big part in this effect. Especially important for startups but also large corporations. This is why among others Shell left Netherlands for UK (and no dividend tax of course).
I myself noticed that salaries for skilled and also non-skilled workers are increasing quite significantly last 2 years.
In 2021 it looks like Germany and France each added even more tech unicorns that the UK and tech in those countries are growing at an even fast pace: https://www.theasianbanker.com/updates-and-articles/almost-40-of-current-unicorns-were-created-in-the-first-eight-months-of-2021
So not sure you can say the London is Brexit proof just because it has a lot of tech startups. What would it look like if there wasn’t brexit? Would it be double? Half?
The lack of tech regulation, the well developed fintech sector in London and efficient taxing(including access to tax heavens) would always attract talent and entrepreneurs regardless of Brexit or the EU. I have friends in academia who lost their jobs and many European friends could not afford the international rate to study in the UK and opted for the Netherlands.
Unfortunately the article focuses too much on the London economy and neglects to examine the effect of Brexit to other parts of the UK which might not be that prolific.
Brexit is not that catastrophic as anticipated, but many areas remain bleak, petty crime (who steals flower pots from a front garden and door mats while on cctv), racism in my area is rife, some products have shrinked in size and quality, and EU products are more expensive with the alternatives being utter crap. The effects on household income were felt before the Russian invasion of Ukraine but coinciding with the COVID pandemic were not directly linked to Brexit.
To be honest I no longer feel welcome in the UK outside London, I did not come here to fratenise with my own people/race in the firstplace so my plan is to return to continental Europe. The language barrier is deterring me (I never loved Deutsch so never got to practice it) and the Netherlands (where most English speaking jobs are) have a full blown housing crisis. The amount of specialised English speakers “trapped” in the London economy would always drive it to success.
We’ve always done well with three things, professional services, innovation, and building planes for some reason.
The EU sucks. Hope we exit soon