Brexit Has Challenged UK Companies, Business Secretary Says
- British government sets out ‘Silicon Valley’-style growth plan
- Shapps seeks to halt departure from UK of growing companies
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Business Secretary Grant Shapps said Brexit has caused “significant challenges” for UK business as he laid out a plan for growth that he described as “Silicon Valley with a British edge.”
The UK has a natural advantage in technology and finance and aims to use that combination to drive innovation and scale up new businesses, Shapps said on Thursday in a speech at a business leaders’ lunch on the fringes of the World Economic Forum’s annual meeting in Davos, Switzerland