The sad thing is I now consider it a net gain to move, whereas before London was the best place to live.
Especially if you are comparing London from 20 years ago, I would have to say that it is much nicer than it used to be. I lived in London 2 years ago and also 20 years ago. I remember 20 years ago coming home and literally being able to draw pictures on my arm with the grime that accumulated during the day. Blowing my nose always resulted in black snot coming out. The Thames was filled with garbage. Those days are mostly gone now. Hell, tours on the Thames is considered a fancy thing to do these days.
The things I think are not quite as nice (and I'll brace myself for the backlash)... Culturally the city is kind of confused IMHO. 20 years ago it was vaguely European, but really English when it came down to it. You could still get a decent Sunday roast in any pub in London at the time. Now it is decidedly multi-cultural. I think young people will definitely prefer the London of today, and I won't blame them, but personally I miss the London of times gone by. These days you have to go further afield to get more of an English cultural experience, IMHO. Not necessarily a bad thing, but like I said, there will be people who prefer one over the other.
Travel, expensive and required Rent, expensive and required Socialising, expensive and not required, but needed.
I used to cycle to remove the travel aspect but it's absurdly dangerous. I can't even begin to describe how much better my life is now- My girlfriend wants to go back but that's just because "London is the best place in the world", she can't even cite examples. It's just because it's well known and has landmarks I think.
Currently there seem to be two groups:
The Brexit Light group who want to preserve access to the single market with hopefully some concessions on free movements.
And the Hard Brexit group who see controlling migration as the most important thing even at the cost of losing access to the single market.
Whatever happens there is going to be a long period of uncertainty which could last for 5-10 years. Only once the dust has settled will we know what impact there has been on the economy and country.
Companies are going to be less likely to invest in the UK, before Brexit it was a logical choice to open offices in London, now it is not so clear cut.
It is also less likely that talented people from across Europe will be tempted to move to London. Pre Brexit the UK (in particular London) has been a very attractive place for highly skilled people, post Brexit those people are likely to choose a different capital city to call home.
My feeling is that Brexit will be very bad for London in the short to medium term.
It would make more difference for other industries, but "move to Berlin from London as a js dev" doesn't make much sense to me. I suspect some Berlin-based recruiters are just desperate and trying out a new tack to see if a bit of fear works better vs just advertising Berlin itself (which is a lovely city, mind you, I've thought about moving there in the past).
A real story would be that of De Havilland and the Comet airliner - Boeing and Airbus should never have existed, the UK had that market sewn up until the government of the day blew it...
Britain was a great innovator back when individual inventors could manage a project, they never seemed to transition into corporate innovation though.
Some of the corner-cutting was ingenious (the calculator where the power pulses just often enough for the screen and memory to stay on, allowing a watch battery to be used for a more slimline design) and some of it less so (iirc the same calculator displays 8 digits but is only accurate to 3 significant figures...)
I thought UK defence procurement policy was to double the cost and reduce capability by 50%.
Are these companies "sell outs" because they sold, or because they sold to foreign companies?
Shouldn't they be lauded as successes for having been sold in the first place? Is this part of the problem that the root of the article (as I see it) is actually talking about?
The balance they're trying to strike is between attracting foreign investment vs losing companies via foreign acquisition.
Foreign investment (along with export revenue) is great, as it creates jobs, grows ecosystems, increases demand for the currency, etc.
Foreign acquisition is not so great, as the jobs/expertise/ecosystems and export revenue are lost.
Of course, if the founders/early investors go on and invest their returns in new local companies, then that's a good thing, but is perhaps beyond the scope of what governments are able to measure (or generate PR from).
I have no strong opinions about how sensible this attitude from governments is; I just know that's how they think, at least in Australia, and probably in the UK too.
Many companies tend to focus efforts in their home countries and there's always a risk that a foreign acquisition will see its operations downsized in their native country and moved either to the home country of the acquiring company or to a low-cost cost location.
Also from a tax perspective, foreign companies don't generate as much revenue for the British government, so every time one is purchased by a foreign company that's more long term tax revenue lost.
I'd suggest it's a little more complex than just starting a company and not selling out to a larger competitor. London is not Silicon Valley. Never has been and any opportunity to cultivate that type of culture within the city will surely be even more challenging with the Brexit?
But I digress. When the Brexit vote is enacted, I suspect we'll find business and investment into start-ups in the UK continuing to diminish in favour of EU based states or else where.
Actually. You could really say this about almost every industry in the UK with the exception of the Banking and Financial sector, they're all diminishing in favour of offshore? If they haven't already anyway? That's profound.
Source: ex-pat from the UK
Edit: words, additional statements.
Because that's where the corporation pays most of its taxes (usually), and that's where the most interesting jobs are going to be.
I guess any sell out is termed "lost".
Some of the losses are inevitable. Even in San Francisco Bay Area a lot of titans has died/been acquired. The most fundamental metric is net new titans/value created. New Startups - old titans that are winding dow.
Other regulations affecting things like working hours or environment wouldn't necessarily be great for the UK to cut back on. These are designed to prevent beggar-thy-neighbour policies that turn into a race to the bottom in a zero sum game. It's better for everyone to agree to the same rules here, game theoretically.
And less freedom to hire people from the continent would just push up labour costs.
So personally I don't think there's any upside from Brexit here. That would have to come from somewhere entirely hypothetical, like significantly better trade deals than the EU currently has.
Quite the opposite IMO.
Edit: My comment is relevant. How relevant is the UK tech scene in the world ? one measure would be HN ranking during the day.
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