The Labor Prime Minister, Keir Starmer, promised this Monday more extensive deregulation of the British economy to attract capital, at a meeting in London with companies, known as the International Investment Conference, which is being declared as lack of agreements.
Starmer, whose popularity has plummeted since coming to power in July, was banking on this summit to strengthen his relationships with businesses, after 14 years of Tory governments marked by Brexit.
The Labor politician promises to “remove regulations that slow down unnecessary investment”, which “prevent the building of houses, data centres, warehouses, roads, railway lines, etc”, which ‘ refers above all to the laws of the British Competition Authority, the CMA.
But businesses are wary of his bill which will significantly strengthen workers’ rights and likely tax increases during the budget announced by Starmer at the end of October.
These concerns explain why the British government has had so much trouble attracting international businessmen to its summit, having to settle largely for British officials or multinational corporations. national at the second level.
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The investments announced on Monday appear to be short compared to the expectations of the government, which has been announcing the summit for days.
Among them, about $1.4 billion from Manchester Airports Group to expand London’s Stansted airport, $364 million from the American laboratory Eli Lilly within the framework of cooperation with the British government.
Also, four American companies in the technology sector, CyrusOne, ServiceNow, Cloud HQ and CoreWeave, will contribute about $8 billion to build data centers.
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Australian investment fund Macquarie has committed $287 million in infrastructure development for electric vehicles.
At the same time, Macquarie recalled his wish, already known, to invest 20 billion pounds (about 26.1 billion dollars) in five years in the country.
These amounts are added to the more than 15,000 million dollars from the Spanish company Iberdrola and the more than 10,000 from the Danish company Orsted, which were announced last week, mainly in carbon-free energy projects.
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2024-10-14 23:11:00
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