Britain’s venture capitalist community has warned that the uncertainty surrounding the Conservative Party leadership contest risks the UK tech industry losing momentum.
Unless candidates drop out of the race early, the UK won’t know who the next prime minister will be until 5 September.
But venture capital (VC) firms are worried that being left in limbo for nearly seven weeks could jeopardise growth at a crucial time for the industry.
VCs are also in the dark about where the remaining Tory candidates will land on specific tech policies after the resignation of Boris Johnson triggered a leadership contest.
For example, the controversial Online Safety Bill has been shelved until parliament returns from recess. Tory leader candidate Kemi Badenoch has indicated she would axe the legislation if she were to become prime minister....