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Speaking of "clusterf*ck" ...

Brexit-related concerns remain key for UK tech, says UK gov report

Two out of the top three challenges facing tech companies in the UK's top two tech clusters are related to Brexit, according to a UK government-backed report, and for much of the rest of the country.

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The European Investment Bank has slashed deals with UK VCs and private equity groups by more than two-thirds, with no equivalent funding from the UK government in sight.

The massive cut pushed the UK out of the top spot at the main recipient of EU venture funding, which is the single largest source of early-stage capital in Europe. France and Germany have now overtaken the UK as the main recipients of capital from the European Investment Bank. UK VCs have expressed concern that the loss of EIF funding will have a "significant" impact on funds.

And the kicker (emphasis added)

However, you probably won't get that impression from the way the report is being pitched to the media at a lavish launch in the centre of London today. Instead, the report is filled with heady statistics about the UK's booming tech industry.

Tories are high-functioning psychotics.  Their mental processes are defective and they've lost contact with reality.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri May 18th, 2018 at 02:32:05 AM EST
Tories claim to be the champions of business, but their only interest is in the parasitic end of business involving finance or law,. Productive or service business is beneath them, it's simply not profitable enough.

So, they talk the talk about hi-tech, but they aren't involved in it. They only know of it from their membership of boards of hedge-funds that occasionally dabble.

Brexit is their trojan horse to enable the UK to become an even more attractive low-tax off-shore banking industry by slashing the few regulations currently restrain the piggies from dipping their snouts too ostentatiously. This, of course, is only an advantage for the rich (10s of millions) and their billionaire clients. The rest of the populations, both useful idiots and the opponents will simply be left to swirl around in destitution and cholorinated hormone enhanced GM chicken untill we stop bothering them by dying off.

This is euro-Trump.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun May 20th, 2018 at 02:36:06 PM EST
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