UK start-up founders warn Chancellor Jeremy Hunt that the bank's collapse will 'cripple' the British tech sector.
It added:"Most businesses are operating on very fine margins in the current economy and the contagion from the initial insolvencies will be vast and impact the economy far beyond the tech sector."The feelings were echoed by the Coalition for a Digital Economy , a non-profit campaigning for policies to support digital start-ups.
"We have been engaging with the UK government, including Treasury and No 10, about the potential impact and I know that work has been going on overnight on policy options."Treasury: UK's banking system remains strong and resilient
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