Revolut’s co-founders have launched a scathing attack on the UK as a tech business environment, saying they would not float on the London Stock Exchange.
In an interview with The Times, the London-headquartered fintech firm's chief executive Nik Storonsky and chief technology officer Vlad Yatsenko criticised the UK for its high taxes and levels of red tape, as well as a skills shortage. They dismissed talk by the UK government about Britain's role as a science and tech superpower, saying there was "very little action", especially when compared to the United States. Britain has become a less attractive place for talented individuals since Covid-19 and Brexit, they said, adding regulations were complex and unclear. FCA eyes simplifica...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
