Jeremy Hunt has said the UK can create a $1tn homegrown tech giant to rival Microsoft or Google as he shrugged off foreign bids for London-listed companies as “part of how capitalism works”.
The chancellor has been leading a regulatory overhaul to make it easier for start-ups to access funds to fuel growth and stem the outflow of investment capital from UK equity funds.
“What’s my yardstick of success? I’d like to see a British Alphabet, I’d like to see a British Microsoft,” Hunt told the Financial Times.
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