dailynewsnblog
From Barney Hussey-Yeo:
From a very credible Labour source:
– Wes Streeting promised the Chancellorship for not running.
– Capital gains raised to match income tax. Possible exit tax.
– Economic focus: devolution, plus state ownership of cost-of-living essentials (energy, water, transport).
– Nothing on AI or tech, bar higher capital gains and an EIS/SEIS-style relief for backing British businesses. (Spoiler: startups now incorporate in Delaware and raise on SAFEs. I’ve done 60+ angel investments; only two were eligible.)
Andy and Wes don’t seem to grasp that tech has been the core engine of growth for 20 years, and AI will only accelerate that.
So why would any founder build here? How does the UK compete with the US and China on AI? Where does growth actually come from?
The world economy is changing fast, and we need to be ready to thrive in it, not just survive.
I really hope this admin appoints some figures who actually get what’s happening. Losing business support early, from a disastrous first budget, was the beginning of the end for Starmer.
So, in a nutshell, no, the UK is not improving.
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