UK tech firms have asked the chancellor for help - but do they need it?
But while some tech start-ups may be facing hard times, it is not clear that all the signatories require a bailout.
Another signatory, the simulation technology company Improbable, raised $500m from Japan's SoftBank in 2017. It was recently valued at $2bn despite the fact that it has only negligible revenues. A spokesman for Improbable said the appeal to the chancellor was about help for the whole sector, but would not say whether the company itself would be seeking help.
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