Trade, Data Privacy, Foreign Investment, Data Sharing – just some of the reasons as to why UK tech is firmly in the Remain Camp.
2. Digital Single Market
The Digital Single Market is an EU strategy to open up digital opportunities for businesses and EU citizens, aiming to break down regulatory barriers and move 28 national markets into one. The EU claims that such a move to a Digital Single Market could contribute billions more to the economy and create hundreds of thousands of jobs.
Tech leaders are seeing the Brexit as a threat to the Digital Single Market, and a threat to the market of over 500 million consumers. IBM UK boss David Stokes said in an internal blog to staff: "As a large, globally integrated business with a strong presence across the EU, IBM sees significant benefits from EU economic integration.
"The UK tech industry employs 1.56 million people and contributes £1 in every £10 to the local economy. As a member of the EU, the completion of the Digital Single Market will further accelerate this success for UK tech."