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London's standing as Europe's leading destination for tech start-ups is at risk if the British government does not clarify how it plans to keep the best technical talent, entrepreneurs and investors have warned.
In an open letter to Prime Minister Theresa May, nine leading UK-based technology entrepreneurs and investors, including Skype co-founder Niklas Zennstrom, pressed the government to act to ensure a continued flow of skilled migrants after Britain leaves the European Union. It also called on the government to address EU market access and other issues.
From the letter, posted at TechCrunch:
UK startups require a commitment from the government that the investment drive of the last few years will continue in order for UK startups to maintain their lead in many areas. It is important for all the UK's business sectors that the tech sector continues to flourish, since all business now runs on and is affected by technology.
(Score: 0) by Anonymous Coward on Wednesday December 07 2016, @08:28PM
Who needs pesky regulation? Unions? Pffft. Gobble up the anti-worker rhetoric of the businesses! They need higher profit margins every quarter or else they are failing. Thankfully they're not above blackmailing the people....
(Score: 2) by isostatic on Thursday December 08 2016, @05:20PM
They need higher profit margins every quarter or else they are failing
Indeed. http://www.bbc.co.uk/news/business-38247155 [bbc.co.uk]
The retailer, which has been criticised over working conditions, said reported pre-tax profits fell 25% to £140.2m.
So despite making £140m last year that's not good enough.
Mr Hellawell, who has been under fire during his tenure as chairman, used the results statement to launch a blistering attack on the way in which the company had been treated.... "The individuals at the heart of our organisation are blameless. They are increasingly upset and angry at the barrage of detrimental comments about the company, which in their view is unjustified."
After HMRC looked into whether workers at its Derbyshire warehouse were paid below the minimum wage, a damning report by the the Business, Innovation and Skills committee said employees of the company were "not treated as humans".
Yes, nothing to blame at the top. Other companies of a similar size don't do this.
Still, profits are down, i'm assuming they won't spend anything on frivolous status symbols.
However, the firm added that it would be buying a corporate jet for £40m.