Chancellor will use ‘Brexit freedoms’ to turn Britain into ‘next Silicon Valley'

Chancellor of the Exchequer Jeremy Hunt has confirmed that he intends to use the freedoms afforded him by Brexit to turn the UK into the "next Silicon Valley".

His comments came during the Autumn Budget statement on Thursday (17 November).

About The Independent:
Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded.

Connect with The Independent:

[ThePereubu]

what a load of old tripe. We don't produce enough IT graduates to do this whatever his dreams may be.

[genghisthegreat]

The greater the distance placed between UK and EU Regulations, the less likely any EU company could partner with a UK one, for public projects, goods and services in the EU.

[Tdot]

I bet the eventual outcome is to give huge tax breaks and subsidies to tech companies. Lower worker's rights and standards for the tech lords as well.

[leonardbexter]

By the end of next year, the UK will have applied to rejoin the EU...

[Ribod]

He's just perpetuating the great Brexit myth but unfortunately for him it is beginning to be recognised as exactly that....a myth.

[uweinhamburg]

And while his staff did write his speech, Infineon announced their next 5 billion Euro chip factory to be build near Dresden after considering investment in the UK for some
Or the 20 billion Dollar chip factories IBM will build near New York, from which a part they had also thought about a UK place as well.

UK is world beating in daydreaming and making big plans - that's all.

[kareboantario]

Brexit freedom will make UK a new Zimbabwe..

[thepatriot]

Next silicon valley 😂😂😂😂😂 you brits are all talk but no action