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by sofixa 636 days ago
> live from legacy sectors

Finance is a legacy sector now?

> energy starved

Importing energy while ramping up your own production with wind and tidal, and importantly, nuclear, is not "starved". Is there a lack of energy in the UK? Blackouts like the ones in Texas?
2 comments
machinekob 636 days ago
Man blackout != energy starved, you can have blackouts cause your infrastructure is attacked or just random natural disaster, look at energy prices compare it to China or even US not even speaking about oil rich countries.

Finance in UK is indeed legacy it is mostly big old banks there is still a bit of fintech and ofc. head funds, but UK is bleeding both talent and market share to CN and US. Not even speaking about tech salaries 10 years ago London was one of the top paying places for finance tech, now it is (ofc.) USA and CN (especially with cost of living).

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sofixa 636 days ago
> Finance in UK is indeed legacy it is mostly big old banks there is still a bit of fintech

Many fintech b2c innovators come from the UK. Revolut and Monzo provide features with a UX and API that US banks couldn't even dream of.

> Man blackout != energy starved, you can have blackouts cause your infrastructure is attacked or just random natural disaster, look at energy prices compare it to China or even US not even speaking about oil rich countries.

Yes you can, but that's not why Texas has blackouts. The UK has expensive electricity, imports a lot, but on what planet is it "energy starved"?

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machinekob 636 days ago
I mean isn't UK starving? it can't produce enough energy, it cost is extremely high to produce anything and it can't get proper industrial/manufacture power base cause of that? (and a lot of other stupid reasons)
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dukeyukey 636 days ago
No? The UK's industrial base is comparable to France, and about 9th-10th worldwide. On what planet is that "starving"?
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sofixa 636 days ago
> I mean isn't UK starving

No?

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pjc50 636 days ago
No blackouts, but it's now very expensive. The system management is quite good but the cost is a serious political issue.

(It's also an oddity that the Conservative government presided over a lot of green transition in the energy sector, but can't take credit for it because of their base)

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