VENTURE CAPITAL POST

Silicon Valley Bank report shows 59% of UK start-up heads chose to be acquired rather than seek IPOs. Many UK executives consider hiring labours to be more challenging than other business issues.

Chancellor of the Exchequer George Osborne face a hurdle in fulfilling his last year's ambition. In to eliminate budget deficit. Brexit issue and economic slowdown has decimated his plan.

Debates in favor of and against Brexit continuing in the UK and also in the EU member countries. Except the world’s fifth largest economy, both EU and Britain, are believed to get weakened in exerting influence over global issues.

John Longworth, director general of British Chambers of Commerce (BCC) announced his resignation on Sunday. He was suspended before for publicly showing his support of Britain to exit European Union.

Poundland Group announced the retirement of Jim McCarthy as the chief executive officer of the company. Jim McCarthy will be succeeded by Kevin O' Byrne as the next chief executive officer of Poundland.

Honda has invested an extra cash of GBP 200 million in the Swindon facility. This move highlights the company's long-term desire to commence a manufacturing plant in the UK.

The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decision is taken.

Britain's exit from the European Union will have a negative impact on the economy of the country, according to officials. The UK prime minister pledges to negotiate a better agreement for the nation in the union.

Deutsche Borse confirmed that it is in talks with London Stock Exchange regarding a potential merger. The parties remain hopeful that a possible merger transaction will take place.

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

The association of British manufacturers warned that Brexit will bring the country to uncertainty and risk. Meanwhile, poundsterling continue to be under pressure as the debate over U.K. to exit EU continues.

British currency suffered the biggest drop in one day, triggered by speculation Britain to leave. While Prime Minister Cameron stressed the importance of United Kingdom to stay in the EU.

On Saturday, London Mayor, Boris Johnson sent an email to Prime Minister David Cameron, announcing his support for United Kingdom to withdraw from European Union.

Martin Hughes, founder of Toscafund warned that United Kingdom withdrawal from European Union will also force Ireland to quit. Brexit is also feared to bring recession in the UK

The newly-elected Labour Party leader Jeremy Corbyn warns supporters that "Brexit" could become a reality as early as next year. Corbyn, who is currently against the move for Britain to exit EU said that the talk between EU-UK in Brussels right now will determine the future of the country.