'Serious risk to British science and technology industry' after collapse of Silicon Valley Bank, Jeremy Hunt says

The Chancellor and the Prime Minister Rishi Sunak are holding talks with the Governor of the Bank of England this weekend in response to the collapse of the US bank, whose UK branch counted many British companies as depositors.

"But there is a serious risk to our technology and life sciences sectors, many of whom bank with this bank." "We have been engaging with the UK Government, including Treasury and No 10, about the potential impact and I know that work has been going on overnight on policy options."

This is what happens when you let foreign companies into your economy.

Just when you remove regulatory standards set after 2008..👀

This Sillicon Valley bank failure could have a signifigant impact on tech start-ups and investors :

LMFAO

Not as much a risk as this Tory government though!

Get woke go broke.

Why are we so reliant on silicon Valley is it not time to start our own tech sector in the 🇬🇧 or have we forgotten how to manufacture

Watch us bail it out

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Silicon Valley Bank UK trouble won't affect other British banks, according to finance ministryA British clearing bank, the Bank of London, was considering a rescue bid for the UK arm of Silicon Valley Bank, as more than 250 UK tech executives signed a letter requesting government intervention. BAILOUT PARTY!!! Socialism for the rich, cold hard capitalism for the rest of us. Bailouts and subsidies galore for banks whenever they need it or even just feel like it. Gotta prop the Net Zero companies up using tax payer money I suppose.
Source: SkyNews - 🏆 35. / 67 Read more »