| Starmer met Jensen Huang today 13:45 - Jun 9 with 373 views | nrb1985 |
seems a juxtaposition to woo tech firms and try to make yourself an AI hub when;
a) Energy is so expensive it's unlikely to be a natural center for the AI .
b) So far they have done everything in their power to make it a generally bad deal for entrepreneurs and wealth creators to set up shop here.
Some of the reforms around pensions and getting them to invest domestically and in private markets might help I suppose if you have access to that liquidity.
Other than that I'm not really sure why he's doing it except for the optics. |  | | |  |
| Starmer met Jensen Huang today on 13:48 - Jun 9 with 345 views | DarkBrandon |
A) - agreed, if one assumes that the data storage and processing engines need to be located close to the development teams.
B) - can you elaborate? |  | | |
| Starmer met Jensen Huang today on 13:55 - Jun 9 with 300 views | cressi |
I thought we was signing a Korean winger for a moment. | | | |
| Starmer met Jensen Huang today on 13:57 - Jun 9 with 289 views | nrb1985 |
| Starmer met Jensen Huang today on 13:48 - Jun 9 by DarkBrandon |
A) - agreed, if one assumes that the data storage and processing engines need to be located close to the development teams.
B) - can you elaborate? |
Tax is through the roof relative to other jurisdictions and it's not a good place to list a company - particularly a tech company.
Indeed Wise (used to be transfer wise) became the latest company last week to change their primary listing from the UK to the US.
Along with the above, the non dom changes etc have generally just led to a feeling the UK isn't a particularly hospitable place to do business.
Some good insights here and suggested remedies:
https://tech.eu/2025/06/05/global-scale-means-us-liquidity-for-uk-startups-as-wi | | | |
| Starmer met Jensen Huang today on 14:12 - Jun 9 with 237 views | DarkBrandon |
| Starmer met Jensen Huang today on 13:57 - Jun 9 by nrb1985 |
Tax is through the roof relative to other jurisdictions and it's not a good place to list a company - particularly a tech company.
Indeed Wise (used to be transfer wise) became the latest company last week to change their primary listing from the UK to the US.
Along with the above, the non dom changes etc have generally just led to a feeling the UK isn't a particularly hospitable place to do business.
Some good insights here and suggested remedies:
https://tech.eu/2025/06/05/global-scale-means-us-liquidity-for-uk-startups-as-wi |
There are a few factors you mention.
Where a company is headquartered (sometimes aligned with where it pays tax)
The tax on its owners and senior execs
The local availability of engineering talent
Where they choose to float
As far as I can tell the last is pretty much independent of the other three and we've been getting worse and worse at it over the years. For reasons I don't fully understand.
I'm less convinced that non-dom changes impact this a lot. America doesn't have a non-dom regime at all, and start-up founders are less likely than others to have significant incomes from other juristictions.
And our taxation of company profits isn't really an outlier, is it?
Everything I've heard is that stability on taxation and the associated rules is important. Otherwise companies fear being attracted by a low tax regime, or costs setting stuff up ... only for the rug to be pulled from under their feet on this at a later date. I think Reeves has promised CT will stay unchanged for the parliament for these reasons.
We do have a lot of good talent here, clustered mostly in Cambridge and London .
That said our record of turning good startups into world-beaters is pretty poor. [Post edited 9 Jun 14:12]
| | | |
| Starmer met Jensen Huang today on 19:15 - Jun 9 with 36 views | DJR |
| Starmer met Jensen Huang today on 14:12 - Jun 9 by DarkBrandon |
There are a few factors you mention.
Where a company is headquartered (sometimes aligned with where it pays tax)
The tax on its owners and senior execs
The local availability of engineering talent
Where they choose to float
As far as I can tell the last is pretty much independent of the other three and we've been getting worse and worse at it over the years. For reasons I don't fully understand.
I'm less convinced that non-dom changes impact this a lot. America doesn't have a non-dom regime at all, and start-up founders are less likely than others to have significant incomes from other juristictions.
And our taxation of company profits isn't really an outlier, is it?
Everything I've heard is that stability on taxation and the associated rules is important. Otherwise companies fear being attracted by a low tax regime, or costs setting stuff up ... only for the rug to be pulled from under their feet on this at a later date. I think Reeves has promised CT will stay unchanged for the parliament for these reasons.
We do have a lot of good talent here, clustered mostly in Cambridge and London .
That said our record of turning good startups into world-beaters is pretty poor. [Post edited 9 Jun 14:12]
|
As you suggest, the appeal of London as a place to list has been on the decline for 10 years or so.
This article (from March 2024) suggests factors such as Brexit and higher valuations in the US.
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-f
Interestingly though, this article from Reuters questions the wisdom of Wise's decision to shift its primary listing to New York, and mentions that the move isn't about increased CEO pay.
https://www.reuters.com/breakingviews/wises-us-listing-switch-lacks-financial-wi [Post edited 9 Jun 19:17]
|  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
