In The News

Budget Tech Roundup: Fintechs Salivate Over £100 Contactless Transactions

Verdict

03 Mar 2021

Simon Arlington spoke to Verdict about Chancellor Rishi Sunak’s spending plans in the UK budget announcement, which included the launch of a new £375 million fund – the Future Fund Breakthrough – allocated to invest in sectors such as life sciences, quantum computing, and clean tech.

“[With] cash-rich foreign investors looking to capitalize on a devalued pound, government investment is unlikely to deter founders from selling their businesses to entities in the U.S. or Asia if the deal is right – even if Lord Hill’s recommendations of reform to the public listing process are implemented,” Simon said. “While it remains to be seen how active an investor the government will be, there is a lot it could do beyond direct investment to encourage the UK’s top innovators to remain in the UK.”

Read the full article.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.