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UK startups prepare for political pivot as Sunak calls July general election

10 Downing Street. Prime Minister Rishi Sunak calls a general election - what does it mean for tech startups?
Image credit: Fred Duval / Shutterstock

Prime Minister Rishi Sunak has called a UK general election for 4 July, raising the prospect that for the first time in 14 years it will be a Labour government shaping the business environment for the UK’s tech startup ecosystem.

The date for the 2024 UK general election was confirmed by a rain-soaked Sunak outside 10 Downing Street on Wednesday afternoon, following a frenzied day of Westminster speculation.

The most recent opinion polls give the Labour Party a 22-point lead over the Conservative Party – a similar picture to the past 12 months.

Should Labour translate those numbers into votes at the ballot box, it will form a government in a very different world from when it departed Downing Street in 2010....