Does taking back control mean transferring authority from Westminster to Washington? It must do because Boris Johnson won’t say otherwise as sovereignty over unique British microprocessor know-how slips into US hands
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Macroeconomics: UK economy, IB Economics
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A brief overview of relevant articles for IB and A-Level all relating to the UK economy
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Graham Watson
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It seems that the government is keen to bury this story, with the news that UK chip-design firm ARM is on the point of being sold by Japanese conglomerate, SoftBank to US chip giant Nvidia.
The Guardian sees this as a dereliction of duty - a failure to develop a coherent post-Brexit industrial policy - and raises the possibility that a UK giant could be sold off to the US. Equally, it wonders whether there's a role for the government to take a stake in the company, noting that we've already spent £400m investing in an untested satellite firm but don't seem willing to invest something similar in an establishing, world-leading industrial giant.