From our Swindon Correspondent:
From the Telegraph
Mr Cummings emailed employees of the Department of Digital, Culture, Media and Sport (DCMS) this week and told them that he is considering “ways we can build [$1 trillion] tech companies,” according to a report in Business Insider.
And you can also apply this to 48 other states of the union. It’s only California and Washington State that have trillion dollar companies. Not Nebraska, New Jersey or Texas. And if you want to really drill down, you can’t even say that California produces trillion dollar companies, it’s an area of about 200 square miles near San Jose. Google is about a 15 minute drive from Apple. And this should make people wonder why.
Mr Cummings is believed to have been a vocal advocate of the Government’s recent $500m investment into struggling satellite business OneWeb.
“If it means breaking EU laws to build these winners then so be it,” he said. “The future of the country will be defined by having some of these world-leading companies start here so I’m pleased to see someone near the top looking at how to remove friction along the way.”