Silicon Valley Bank: ‘Serious risk’ to UK tech and life sciences, Jeremy Hunt warns

The collapse of Silicon Valley Bank UK (SVBUK) poses a “serious risk” to the UK’s tech and life sciences sectors, Chancellor Jeremy Hunt has warned. Ministers have said urgent plans to protect businesses from the fallout are being drawn up. Talks between Hunt, prime minister Rishi Sunak and Bank of England (BoE) governor Andrew Bailey [...]