UK Treasury does not ‘understand’ scale-ups, says former adviser

Alex Depledge, a former adviser to UK Treasury minister Rachel Reeves, has criticized the Treasury's understanding of scale-ups, highlighting a lack of appreciation for their growth potential. Depledge revealed that Reeves' initiative to hire an external chair to revamp procurement practices was thwarted. This situation underscores deeper issues within the Treasury's approach to supporting high-growth businesses, which could have significant implications for the UK's economic future and innovation landscape. For more details, check out the full article on the Financial Times website.