How to give our start-ups a hand-up
For three decades, the UK has stuck to the view that the government shouldn’t try to invest directly in companies. It didn’t have the expertise to “pick winners” and was far too easily swayed by political considerations. Over the last year, that has changed. At the height of the Covid-19 crisis the chancellor, Rishi Sunak, decided that, with venture-capital money drying up, he should step in and
