The Brexit hangover has left UK startups drained – Are the brains next?
EUs trade with each other represents only 16% of all trade in the world and this number is declining. The EU has no fintech&#x2F;startups center beside the UK and thats not going to change (Berlin doesn&#x27;t have the money)<p>EU is killing, not fostering startups. If anything startups thrive where there is complexity because it means there are problems to solve.<p>The EU is politically trying to solve a lot of problems but they have nothing but technocratic reasons to do so. I.e. they aren’t actually very good at allocating resources to the right problems for europeans because they have no feedback mechanism allowing for a better insight into what are the EU citizens problems.<p>Instead they are solving problems with the very bureacracy they helped create themselves to begin with.<p>If anything the EU should stop trying to solve politically what can be solved through technology and via startups.<p>The UK&#x27;s fintech sector is going to be just fine and most probably boosted because it&#x27;s not the problems of the EU that makes UK&#x27;s fintech successful it&#x27;s the world.<p>Technology does and can make up for any legislative complexity and it&#x27;s going to foster a whole new slew of startups.<p>So the UK is going to benefit greatly for this and can now make trade deals that benefit the UK while continuing to do fintech without any problems what so ever.<p>EU isn&#x27;t some economic powerhouse which one should only be so lucky to be part of. It&#x27;s primarily catered towards supporting old industries and trade barriers. More countries should reverse back to the common market.<p>The fact is no one knows whats going to happen. But if history is any indication the UK is going to come out stronger not weaker from this.