Skip to content

UK's Standing Has Slipped, Executives at Equality Summit Say

Leaders agreed that there was more pain to come in the months ahead at Bloomberg’s semi-annual event.

Eric Collins, chief executive officer of Impact X Capital, right, speaks during a panel session with Olivia Konotey-Ahulu, equality reporter at Bloomberg LP, Sharmadean Reid, chief executive officer of The Stack World, and Charmaine Hayden, founding partner of Good Soil Ltd., (left to second right) at the Bloomberg Equality Summit in London, UK, on Tuesday, Oct. 18, 2022. 

Eric Collins, chief executive officer of Impact X Capital, right, speaks during a panel session with Olivia Konotey-Ahulu, equality reporter at Bloomberg LP, Sharmadean Reid, chief executive officer of The Stack World, and Charmaine Hayden, founding partner of Good Soil Ltd., (left to second right) at the Bloomberg Equality Summit in London, UK, on Tuesday, Oct. 18, 2022. 

Photographer: Jason Alden/Bloomberg

Business leaders from around the world expressed their concern about the UK’s unsteady footing, and many agreed that things are going to get worse before they get better. 

Business leaders and professionals singled out the UK’s lack of progress in several crucial fields at Bloomberg’s Equality Summit on Tuesday, from entrepreneurship to trans rights. Sharmadean Reid, founder of The Stack World, a social network for professional women, said that access to capital for Black British founders is actually going backward. The issue is so chronic Black entrepreneurs are foregoing the UK in favor of the US, “which is a very, very bad look for British capital,” she said.