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UK Must Back Startups or Face Economic Ruin, Ex-Adviser Says

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UK Must Back Startups or Face Economic Ruin, Ex-Adviser Says The government needs to urgently prioritize backing fast-growing businesses to create growth, or the country will be “totally f—-ed,” according to the Treasury’s former entrepreneurship adviser. Alex Depledge, who has founded several businesses and advised the government until her departure last month, said the UK and Europe need to replicate the US’ success in growing tech startups into giants that power the economy to avoid...

UK Must Back Startups or Face Economic Ruin, Ex-Adviser Says The government needs to urgently prioritize backing fast-growing businesses to create growth, or the country will be “totally f—-ed,” according to the Treasury’s former entrepreneurship adviser. Alex Depledge, who has founded several businesses and advised the government until her departure last month, said the UK and Europe need to replicate the US’ success in growing tech startups into giants that power the economy to avoid negative consequences.
UK (LOCATION) Treasury (ORG) Alex Depledge (PERSON) Europe (LOCATION) US (LOCATION)
Originally published by Bloomberg Technology Read original →