Britain’s Post-Brexit Policy Drift Alarms World’s Executives
Complaints from some of the world’s biggest companies highlights the UK’s deteriorating investment climate.
When Dan Vahdat set out to build a healthcare startup, the UK was an ideal launchpad. That was 2011 and the nation’s deep network of medical research centers and vast National Health Service patient data sets helped him expand the software platform, Huma Therapeutics, into a $1 billion company. For the next billion dollars he is looking elsewhere.
Huma, which helps doctors monitor and analyze patient data, cuts across several sectors that the UK government vowed to prioritize after leaving the European Union three years ago. But instead of creating opportunities, Brexit and the political chaos that came with it have fostered an environment that businesses say is increasingly difficult to work with.