Reeves warned decision by mining giant to close London HQ is a wake up call'

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"Rachel Reeves has been warned that the decision by a corporate mining giant to close its London HQ and head to Canada should be a wake up call on the impact of her economic policies. London-listed mining giant Anglo American has agreed a deal to merge with Canadian rival Teck Resources to create one of the world's largest copper producers with a combined value of close to 40 billion."

Anglo American has agreed to merge with Canadian rival Teck Resources, creating one of the world's largest copper producers valued near 40 billion. The merged group will be led from Vancouver, relocating Anglo American's headquarters from London while retaining offices in the UK and Johannesburg. The move has been linked to UK economic policy and coincides with other capital shifts such as Sir Jim Ratcliffe moving billions out of the UK. Critics warn that the departure of major businesses, wealth and capital should be a wake-up call for Chancellor Rachel Reeves. The Independent asks for donations to fund on-the-ground reporting while keeping reporting free of paywalls.

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