Save time by listening to our audio articles as you multitaskBut Britain is not a good place to turn promising startups into titans. There are many reasons for that, from Brexit to poor productivity. But a big stumbling block is that asBy the time these companies are raising tens of millions of dollars, rather than a few hundreds of thousands, their share of globalfunding has halved.
America provides a sobering contrast. It has spawned four trillion-dollar behemoths in the past five decades. Britain has not created a business worth even a tenth as much in more than a century. In 2011 the100 index of leading shares contained only two globally respected tech firms, Autonomy and Arm. Now it has none. Autonomy has been sold to Hewlett-Packard, an American giant, and its reputation tarnished by fraud claims .
What should be done? One focus ought to be to simplify corporate-governance rules. Britain has had more iterations of its baroque governance code in the past 25 years than it has had prime ministers. The result is a tangle of worthy disclosure requirements that distracts fledgling firms. Another should be to seek to attract those rare experts capable of making sensible commercial decisions in deep-tech areas like quantum computing. Britain’s excellent research universities are already a lure.
But the top priority is to direct the £4.6trn of assets held in British pension and insurance funds into more productive areas. Less than 1% of these assets is in unlisted equities. Defined-benefit pension schemes’ allocation to the British stockmarket has sunk from 48% to below 3%. The government should dilute the pension-fee cap that crimps investment in early-stage firms.
The establishment will not stop until it has stolen every penny it can from the worker. This is about ensuring that pensioners and future pensioners are fully dependent on the state and appropriately subservient to it.
to hell
To be honest, the UK has long since become a small country, and the British still mistakenly think that they have the right to speak in the world, but they are actually just the lackeys of the Americans.
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Why invest in UK companies ,poor management and accounting problems . Most UK companies are based on old economy,Only Fans technology company based in UK but it's pimping websites for White women to sell their bodies for money.
In 2022, China will sell 655.9 million pigs, 9.8 times the population of Britain. British Pigs 🐷🐷🐷
Delete your account
pigs eat less than british ? I maybe write one article , That's cool, pig editor.
Reread your own headlines…seriously.
According to statistical data, in 2022, China will slaughter 655.9 million pigs, 9.852 times the population of the 66.57 million UK
Pigs eat more than Queen Elizabeth.
which is why most sectors/businesses are looking to change pay and working conditions/regulations as labour is the biggest cost to most businesses. Were into the next phase where labour will be increasingly commoditised, undermined and denigrated which will lead to civil unrest
Britain like the rest of the western world has collectively matured. We can’t generate more growth from innovation, economies of scale or globalisation as most of these gains have been exploited. Hence the focus is increasingly on the bottom line and reducing costs….
Britain hamstrung itself with Brexit & compounded that with an incompetent, populist government, there will be no recovery 🔥🇬🇧