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Robert Peston

πŸ‘€ Speaker
2686 total appearances
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The Rest Is Money
285. Can Europe escape American tech dependency?

As you can probably tell, you're triggering PTSD in me because it is the case.

The Rest Is Money
285. Can Europe escape American tech dependency?

But in 2014 into 2015, the economy was growing again.

The Rest Is Money
285. Can Europe escape American tech dependency?

We were looking more competitive as a nation.

The Rest Is Money
285. Can Europe escape American tech dependency?

And then we voted to leave the European Union.

The Rest Is Money
285. Can Europe escape American tech dependency?

So there's one aspect of this which we haven't.

The Rest Is Money
285. Can Europe escape American tech dependency?

talked about very much in the news, you know, as we speak, which is this whole related issue of government procurement.

The Rest Is Money
285. Can Europe escape American tech dependency?

You know, one of the things that actually – one of the things that's quite interesting about –

The Rest Is Money
285. Can Europe escape American tech dependency?

the period that you were in government is actually the share of procurement by government that went to British companies actually rose quite significantly.

The Rest Is Money
285. Can Europe escape American tech dependency?

And it was a sort of deliberate strategy.

The Rest Is Money
285. Can Europe escape American tech dependency?

It's fallen.

The Rest Is Money
285. Can Europe escape American tech dependency?

quite significantly in recent years.

The Rest Is Money
285. Can Europe escape American tech dependency?

Again, if you look at America, the idea that they would buy from non-American businesses is absurd.

The Rest Is Money
285. Can Europe escape American tech dependency?

So we obviously need to encourage more British businesses, particularly in the areas we're talking about, AI and tech and all the rest of it.

The Rest Is Money
285. Can Europe escape American tech dependency?

There's this massive controversy at the moment about Palantir, the American...

The Rest Is Money
285. Can Europe escape American tech dependency?

The Science and Technology Committee of MPs have said that the NHS should end its contract with Palantir early because it argues that essentially the NHS will be too locked into Palantir to the detriment of potential British competitors.

The Rest Is Money
285. Can Europe escape American tech dependency?

What do you think of arguments like that?

The Rest Is Money
285. Can Europe escape American tech dependency?

And again, just to sort of use the US analogy, right?

The Rest Is Money
285. Can Europe escape American tech dependency?

I mean, you know, Palantir are absolutely immersed in our defence, you know, in the Ministry of Defence.

The Rest Is Money
285. Can Europe escape American tech dependency?

Yes.

The Rest Is Money
285. Can Europe escape American tech dependency?

But again, you know, the Department of War in America, the idea that they would be buying the British equivalent, we just shouldn't.