UK firms may be barred from funding emerging tech in hostile countries

6 months ago 26

Minister says move being considered over concerns UK money could finance projects that undermine national security

Ministers are considering blocking British investors from funding emerging technologies in hostile countries if they believe the technology could pose a threat to UK security, the deputy prime minister has said.

Oliver Dowden said on Thursday the government would consult on curbing British investment abroad, after becoming concerned that money from the UK could be used to finance projects that could undermine national security.

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