IBM U-turns on Brexit benefits

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IBM U-turns on Brexit benefits
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IBM doesn't think Brexit is such a bad thing these days

IBM has extolled the benefits of the UK's departure from the world's richest trade bloc in an apparent U-turn on its earlier Brexit stance., IBM UK and Ireland general manager Sreeram Visvanathan predicted Britain would have"the ability to do a lot more, post Brexit."

He also said there was an appetite for innovation among UK regulators since they were no longer bound by EU law. "I've seen the regulators be very open... I've seen us move away from that hard stance of 'this is the mandate and thou shalt obey the mandate.' There's a willingness to listen and to adapt," he told the Brexit-supporting broadsheet newspaper.

Visvanathan said UK businesses should show greater leadership, be more imaginative, and embrace change faster. "It's a very specific area of passion for me, because I don't see too many leaders embracing that as quickly as I think we should," he said.David Stokes, the tech giant's UK chief at the time, said Brexit would put jobs and the economy at risk"IBM is in favor of the UK remaining a member of a reformed EU," said Stokes in an internal blog seen by us.

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