AstraZeneca has decided to cancel a planned £450 million investment in a vaccine manufacturing plant in Merseyside, primarily due to the Labour party's failure to match the support previously promised by the Conservative government. The Conservatives had aimed to boost Britain's life sciences sector through this investment, which had the potential to strengthen the UK's pandemic preparedness. A spokesperson from AstraZeneca cited reduced offers from the current government and changes in the investment proposal as key factors influencing their decision. This move represents a significant setback for Rachel Reeves, who has vowed to grow the economy.
Labour's failure to match the Conservatives' investment support leads AstraZeneca to cancel a £450 million vaccine plant in Merseyside.
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