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U.K. Trade Secretary Denies Uncertainty Will Hit Tech Investment

  • Liam Fox said U.K. infrastructure to keep attracting talent
  • Politicians split on impact of Brexit to tech sector
Liam Fox

Liam Fox

Photographer: Luke MacGregor/Bloomberg

U.K. Trade Secretary Liam Fox dismissed fears that foreign companies will slow down their investment in domestic technology businesses, despite the ongoing uncertainty around the country’s exit from Europe.

"If you take the legal system, skills of the workforce, the regulatory and tax systems, linguistic skills, access to tech, and IP law, not one of those is affected to any degree by Brexit," said Fox in an interview. "London hasn’t been the center of the fintech revolution because of anything government’s done. It’s because we have all the necessary prerequisites for that available here."