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How Keir Starmer Can Fix the UK’s Tech Industry
The new government could bring about a renaissance in UK tech and bolster the country’s precarious post-Brexit startup pipeline. That’s if politics don’t get in the way.
If Labour dropped the immigration health surcharge—a levy of around £1,000 ($1,276) annually for workers—it would make it much more attractive for skilled people to come to the UK, says Zach Meyers, assistant director for the Centre for European Reform. Only 2 percent of VC funding is going to female funders, points out Emma Wright, partner at UK law firm Harbottle & Lewis, co-lead of the invest-HER campaign, and director of the Interparliamentary Forum on Emerging Technologies. Let’s not forget that a 2022 Labour report, titled Start Up, Scale Up, outlined plans to transform Britain into the “startup hub of the world” and preempted many of the issues that still affect the industry today.
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