Amid turmoil in the tech world, universities have a good story to tell
Yesterday morning as Playbook was going to press, and importantly before trading had started in the City of London, we saw one of the swiftest and most competent government interventions in recent memory. We are talking not about the return of Gary Lineker but about the Bank of England facilitating the sale of the Silicon Valley Bank’s UK unit to HSBC.
The rescue averted a crisis in the British tech industry that would have dealt a near fatal blow to the government’s ambitions to make the UK a ‘science superpower’. Prime minister Rishi Sunak is reported to have been central to the talks to save the stricken bank.
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