How Brexit tarnishes London
Close to 90% of tech firms say Brexit has tarnished London’s global reputation for doing business, while close to 40% report that it is more difficult to access capital since the 2016 referendum, according to research from Tech London Advocates.
In addition, one-quarter of those surveyed say they have lost investment as a direct result of Brexit. Which is why Tech London Advocates says the political situation is harming the UK’s fastest-growing sector.
In addition, a new survey from Studio Graphene finds that just over half of UK early stage digital businesses believe Brexit will have a negative impact on growth opportunities going forward.
And hiring the right talent is clearly an issue, with 60% of respondents believing that this will be an obstacle to future growth.