Spot on article. At this point, I think you should leave the UK if you have a tech business or thinking about raising capital. Either Hong Kong, Singapore, UAE (Dubai) and United States are far better business friendly destinations.
From November onwards, it is going to get alot worse for UK businesses.
For anyone else thinking about building a UK startup today, this is what you will get in return:
> Your friends and family want the best for you. Well, in most cases, as long as you aren’t doing better than them.
This is called "tall poppy syndrome". [0]
> And will steal as much money from your back pocket as they can.
If you are making £125K+ as an employee, you will lose half of it. As a business, that tax rate is only going up and you will lose more money.
Finally, little to no funding or any VCs willing to fund you in the UK.
It's funny you say that. I have been chatting with AI this morning to find which countries to move to.
I'm dreading the budget. Both now as a business owner, and if I had to get another job.
andsoitis•3mo ago
Independence is literally liberating.
phughes1980•3mo ago
Sure is, my friend. It feels like I'm almost there with a business taking off
rvz•3mo ago
From November onwards, it is going to get alot worse for UK businesses.
For anyone else thinking about building a UK startup today, this is what you will get in return:
> Your friends and family want the best for you. Well, in most cases, as long as you aren’t doing better than them.
This is called "tall poppy syndrome". [0]
> And will steal as much money from your back pocket as they can.
If you are making £125K+ as an employee, you will lose half of it. As a business, that tax rate is only going up and you will lose more money.
Finally, little to no funding or any VCs willing to fund you in the UK.
[0] https://en.wikipedia.org/wiki/Tall_poppy_syndrome
phughes1980•3mo ago