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|What does Brexit mean for the UK tech industry? Bromium comments|
|Friday, 24 June 2016|
Following the result of the EU referendum this morning, Simon Crosby, CTO and co-founder commented: "The incredible technical talent in the UK just became a lot cheaper for foreign countries to hire. Sadly, they will suffer as their standard of living drops, and their opportunity to live and work in other countries in Europe is restricted. Ultimately, I expect many of them to leave the UK permanently for countries that will pay what they are worth, such as the USA.
There is another longer term worry: Over a third of research funding for universities in the UK comes from the EU. In the absence of new funding from the UK government, there will be a huge impact on university's ability to deliver highly skilled tech workers to the UK economy."
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