[altacc]

> Why hasn't the UK been able to create any local tech giants?

In the UK there are several tech or tech adjacent companies valued in the tens or hundreds of billions such as ARM, BAE, Revolut, Sage and delivery companies like Deliveroo & Ocado are tech equivalents. Sure there could be more but given that the UK only recently came out of 14 years of being run by pro-capitalist, pro-privatization, small-government conservatives, I don't think it's 18 months of weak Labour rule that is the issue. Personally, from having spent half my life there working in tech, I think it's more a mix of culture and market size.

I often hear "why are the big tech companies only in the US" but there are big tech companies all over the world that people haven't heard of because "we" have a US focused media. The big 7 do definitely dominate globally but I'd argue that this isn't actually a healthy situation or model that other countries should emulated. I suspect smaller, localized versions of US companies would probably have better consequences.