Tech Investor Exodus? UK Tax Hikes Threaten Investment
Update: 2025-10-07
Description
Tax Hikes Threaten UK Tech Investment: Will Venture Capitalists Flee? Lastminute.com co-founder Brent Hoberman warns that major venture capital funds may leave Britain for tax-friendlier countries like Italy or Switzerland if Labour raises taxes in November. With potential wealth and capital gains taxes looming, experts fear a non-dom exodus could cost the government billions and jeopardize the UK's leading position in European venture capital, even as US tech giants invest heavily in British AI. Hoberman urges the government to prioritize homegrown innovation, attract global tech talent through easier visa processes, and adopt digital ID cards for smarter governance to secure Britain's future as a tech hub.
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