Let there be no doubt – Brexit is a tragedy. Instead of taking on challenges with its European partners, Britain is taking precisely the wrong course, injecting needless uncertainty and negativity into the economy. Tech will particularly suffer. The UK’s start-up scene, nurtured by international venture capital and skilled workers’ willingness to move here, was starting to create global challengers – and thousands of well-paid jobs. Development will now stall as companies struggle to find the staff and cash they need to scale. Gloomy projections of London’s forthcoming tech decline are now ten-a-penny. And for financial technology, forecasts are particularly bleak, with banks and start-ups alike seen ready to abandon the UK for more welcoming climes in Dublin, Paris, Stockholm or Frankfurt.

https://techcrunch.com/2016/07/04/opinion-brexit-is-a-tragedy-but-it-could-be-the-making-of-uk-fintech/