From BetaNews: Brexit impact on UK jobs market may be overestimated

New reports are arguing that Brexit may not have such a major effect on the UK’s tech sector as previously imagined. Research released by Tech City UK and Nesta claim that foreign workers are more likely to have come from outside the EU, meaning that…

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From BetaNews: UK banks rally behind fintech startups

In an effort to help Britain maintain its position as a world leader in the tech sector, UK banks and startups have come together to rally behind the fintech industry. A number of the world’s leading banks have come together to show their support for fintech startups in the UK while entrepreneurs have promised to remain in the country in lieu of taking their businesses somewhere else in Europe. Over 20 financial institutions including Barclays, HSBC, Lloyds and UBS alongside Canary Wharf’s fintech hub Level39 have committed to the idea of helping the UK remain innovative and a place where startups can… [Continue Reading]

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From TechCrunch: Tax on Internet ads among Europe’s proposals to plug digital tax gap

 Europe’s executive body has revealed more of its thinking on reforming digital taxation rules, issuing details of proposals it’s considering ahead of another meeting of EU ministers next week. Read More

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From BetaNews: PC prices in the UK rise by 30 percent on account of Brexit

PC prices in UK have increased by 30 percent since the Brexit announcement this year, according to distributor data. Channel analyst Context has revealed that the average sale prices for computers including desktops, notebooks and workstations reached £480 in July and August, which is up by a third when compared to the same time last year. A number of other factors such as memory shortages, decreased sales to lower-margin retailers and a shift towards machines with increased specifications may have also played a role in the jump in UK PC prices. Context senior analyst, Marie-Christine Pygott noted that these factors could have… [Continue Reading]

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From BetaNews: VMware shrugs off Brexit concerns

VMware has confirmed it will continue to invest in the UK in spite of the worries surrounding Brexit. The company’s head of EMEA operations told media today that Britain’s decision to leave the EU was not going to affect VMware’s position surrounding the country — at least not for the time being. Jean-Pierre Brulard, VMware’s senior vice president and general manager for the EMEA region, told the audience at VMworld Europe 2017 that the company was yet to see any direct effect of Brexit. “We have not seen any impact in our UK business… we continue to invest in the UK, invest in… [Continue Reading]

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From BetaNews: Bill Gates says Britain can be a world technology leader after Brexit, but CBI demands certainty on data

Before the UK’s referendum on leaving the EU last year, Bill Gates warned that a vote to leave could jeopardize the country’s position in the science and technology sector. But in an interview with the Daily Telegraph (paywalled) the Microsoft founder says that Britain can remain a world leader if care is taken. Gates has invested £750 million in UK research institutions including universities in Liverpool, Edinburgh, London, Cambridge, and Oxford, “because they’re the best at doing lots of this important work.” However, Gates warns that there will be some challenges to overcome to ensure that the UK retains its… [Continue Reading]

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From TechCrunch: France, Germany, Spain, Italy call for turnover tax for tech giants

 Several of the European Union’s major economies are calling for tax reform across the bloc that responds to where tech platforms generate revenue, not just where they book profit — arguing that the current system allows digital giants to minimize tax liabilities by using subsidiaries sited in low-tax countries such as Ireland. Read More

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From TechCrunch: EU states’ data retention laws still violating privacy rights, report warns

privacy please A new report surveying the current status of EU legislation pertaining to the retention of communications data across the region has found that many of the 28 Member States are not adhering to what privacy rights advocacy organization Privacy International describes as the “basic standard”. Read More

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From BetaNews: UK will comply with EU data laws after Brexit

The UK government has confirmed that it plans to comply with existing European laws on data handling and sharing, even after Brexit. A paper published by the GOV.UK government website said that the EU needs to recognize how the UK is looking for an early agreement in finalizing its plans. Doing so will help streamline Brexit negotiations and minimize disruption to businesses both in the UK and on the continent, the government says. “Early certainty around how we can extend current provisions, alongside an agreed negotiating timeline for longer-term arrangements, will assuage business concerns on both sides and should be possible… [Continue Reading]

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From Engadget RSS Feed: UK snooping laws could sever EU data ties come Brexit

As it stands, the sharing of data between businesses, law enforcement agencies and such across EU countries is relatively straightforward. That’s because of various laws and agreements in place across the EU that set standards for data movement, prot…

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