Square – My phone call with global firm committed to Britain

 

“We see investment in the UK as critical to growth in Europe as a whole.”

This week, I had a call with Chris Massey from Square Inc. This is a firm headed up by Jack Dorsey, the co-founder of Twitter. We discussed many exciting opportunities the company is pursuing in the UK market.

Both the tech sector and I, remain committed to ensuring that Brexit provides growth and opportunity for businesses founded by entrepreneurs from the UK and from across the globe long into the future.

Founded in 2009, Square Inc allows small businesses and entrepreneurs to expand their customer base by offering payment systems that can be used simply through a smart phone or tablet. This enables small vendors who would not traditionally be able to take customer credit payments to process payments more easily.

On the call, I stressed my desire for London to continue to develop as a global tech hub. Square Inc launched its UK business the day before Article 50 was invoked. This signified lasting ties with the British market. We want the UK to be as easy as possible to do business in. There is real opportunity for the tech industry to contribute to economic growth and jobs as well as positive change in non-state solutions to poverty, employment, small business support and innovation.

Furthermore, I was happy to hear Square Inc’s perspectives on Brexit and other policies. Disruption can often be a great opportunity for tech companies to drive innovation and take advantage of new opportunities. The first priority is making sure small businesses’ voices are heard. It is vital to work with start-ups and local business to protect their interests in the political sphere. I will also work to address some of sector’s concerns including passporting, Financial Conduct Authority policy relationships and visa regulation post-Brexit.

 

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