Multibillion-pound trend is ‘sign of confidence’ in UK companies, says chancellor

Rishi Sunak has given his blessing to a multibillion-pound trend that has seen foreign private equity firms snap up British businesses, describing the buying spree as “good news” for the economy.

The chancellor was speaking at the launch of Treasury Connect, an event intended to bring together fast-growing technology businesses with investors and politicians to spur innovation in areas such as fintech and life sciences.

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