Revolut founders launch attack on UK tech arena

'Complex and unclear' regulations

clock • 3 min read

Revolut’s co-founders have launched a scathing attack on the UK as a tech business environment, saying they would not float on the London Stock Exchange.

In an interview with The Times, the London-headquartered fintech firm's chief executive Nik Storonsky and chief technology officer Vlad Yatsenko criticised the UK for its high taxes and levels of red tape, as well as a skills shortage. They dismissed talk by the UK government about Britain's role as a science and tech superpower, saying there was "very little action", especially when compared to the United States. Britain has become a less attractive place for talented individuals since Covid-19 and Brexit, they said, adding regulations were complex and unclear. FCA eyes simplifica...

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