July 18, 2022
At London’s Science Museum, the British government will strive to win over international investors following years of uncertainty brought on by Brexit and the epidemic that slowed foreign investment in the nation. The Queen will then host some of the heads of the biggest financial organizations in the world at Windsor Castle.
According to data from the commerce department, the country’s effort to entice foreign investment comes in response to a steep decline in the number of projects sponsored by external sources since the 2016 referendum and a dip in 2020 following the COVID-19 outbreak.
As the UK government hosts a Global Investment Summit and unveils projects worth £9.7 billion, trade department insiders suggest that discussions with investors are beginning to improve now that a UK-EU trade agreement has been signed.
According to the government, the agreements will result in 30,000 new jobs and will support its efforts to reduce carbon emissions in time for the UN Cop 29 meeting in Glasgow next month. The most influential financiers in the world, including Jamie Dimon of JP Morgan and David Solomon of Goldman Sachs, are expected to attend.
The summit’s investment agreements, according to Prime Minister Boris Johnson, “will power our economic recovery, creating thousands of jobs and helping to level the playing field across the country.”
The UK government declared in July that it would not approve investments “which jeopardize our national security, and any investment must meet strict legal and regulatory standards to defend the UK’s national interest.”
Source: Independent
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