Addressing the challenges caused by Brexit, Mr Shapps said he had voted to remain in the European Union “largely because I thought it was a huge hassle to leave”. But he also said that “Brexit freedoms provide an opportunity for the UK to “reaps the benefits of more agile regulation”.
He promised the UK would remain an open economy where new and growing businesses flourished and Britain becomes a leader in the so-called fourth industrial revolution.Climate change is one of the themes of this year’s World Economic Forum in Switzerland. Markets Correspondent, Joe Brennan, reports from Davos where a recent winter heatwave means the highest town in Europe has significantly less snowfall than usual.
“We produce more billion-dollar unicorn start-ups than France, Germany and the Netherlands put together,” Shapps said. “But why do so many companies move abroad after being nurtured in the UK? There is a lot we can learn from Silicon Valley.”“Its unicorns sometimes prioritise shareholder value above all else; its culture sometimes falls short of the standards we expect from employers.
Mr Shapps said his vision is for scale-up Britain with “global ambitions to lead the tech market and improve the world”. – Bloomberg
Britain is a basket case, not a global leader in anything worthwhile.