SVB collapse sparks long-term funding fears for UK tech sector

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The collapse of Silicon Valley Bank and a rescue deal from HSBC has raised questions about the future of the UK tech space and startups’ access to funding.

SVB clients carried out a fear-driven bank run on Thursday 9 March, after they saw funds drying up. That resulted in $42bn in client withdrawal requests that left the bank insolvent on Friday 10 March

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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