Top U.K. Tech Firms Don't Back Brexit

RTX11HER
Buildings surround the Old Street roundabout, dubbed "Silicon Roundabout" for its tech businesses, in London May 28, 2013. The U.K.'s top tech firms are not in favor of a Brexit. Luke MacGregor/Reuters

None of Britain's tech firms valued above $1bn is in favour of a "Brexit," according to reports.

Out of the 14 firms—dubbed "unicorns" in industry jargon—contacted by The Guardian, five said they were against Britain leaving the bloc, while the rest were either officially neutral or declined to comment.

David Brown, the chief executive of e-commerce technology company Ve, told the paper: "From the perspective of a tech business in London I don't think Britain leaving Europe is sensible in the slightest. In fact, I believe we should further increase our ties with Europe on a trade and economic basis."

The U.K.'s referendum on EU membership is scheduled for June 23.

Uncommon Knowledge

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

About the writer


Josh is a staff writer covering Europe, including politics, policy, immigration and more.

To read how Newsweek uses AI as a newsroom tool, Click here.
Newsweek cover
  • Newsweek magazine delivered to your door
  • Newsweek Voices: Diverse audio opinions
  • Enjoy ad-free browsing on Newsweek.com
  • Comment on articles
  • Newsweek app updates on-the-go
Newsweek cover
  • Newsweek Voices: Diverse audio opinions
  • Enjoy ad-free browsing on Newsweek.com
  • Comment on articles
  • Newsweek app updates on-the-go