A survey of UK workers revealed that more than 65 percent believe Brexit is going to have negative impact on the international technology sector, based on a report in CNET. The workers studied believe that UK allows for better freedom of ability, and a Brexit would leave London as a technology heart that is less appealing.
Technology City News concurs, that funds and ability would be impacted by Brexit. Resources and added time must be spent by businesses simply to adapt to the changes that Brexit would cause.
Microsoft is among the few leading technology firms to choose a side, and has advocated for the UK to stay part of EU in an open letter, We understand and value that there are a variety of reasons that move individuals on either side of the argument, but as a company which is really dedicated to the nation, our perspective is the UK should stay in the EU. That letter accessible online has been made by the Guardian.
The significant issue for other businesses operating in the EU, are the EU technology regulations. UK is one of the nations that favor lighter regulations against Germany and France which mean to enforce more stringent regulations on technology suppliers. A Brexit could mean that more rigorous regulations are enforced on technology firms, yet, it could additionally bean the technology firms face regulations that are simpler in great britain. Two examples and more easy rules on seclusion, reports the Wall Street Journal.
Nearer back home, the impact would be felt according to Live Mint. Nevertheless, this will not limit itself being outsourced to the work, and Indian technology service firms stand to gain as UK is among India’s larger customers for such services.