Since last night, two more founders have told me they’re flipping their companies to US topcos and planning how to leave before the budget. One runs a unicorn in a critical industry the UK must have a strong presence in. This level of instability is fracturing business confidence.
The UK would be making an incredibly shortsighted move bringing in an exit tax. I know multiple founders running £100m+ companies who are frantically trying to figure out how to leave. This is a disaster in the making. We should be incentivising innovators not driving them away.
Replying to @jamesdacombe
The UK government is intentionally trying to destroy the country. Get out while you can. There’s no saving it now

Nov 9, 2025 · 2:01 PM UTC

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The thing is, just how much more damage they can do in the time they have left. They will burn it to the ground, however the next lot will rebuild. The farmers are counting down the days until a new govt is formed and so am I