"A record-breaking 150bn package of US investment into the UK has been announced during US President Donald Trump's State Visit. The UK government is calling this the largest commercial deal of its kind and expects it to create more than 7600 "high-quality jobs" across the country. A large majority of the money will come from Blackstone, the world's largest alternative asset manager, which has unveiled plans for a 90bn investment in the UK over the next decade."
"Prime Minister Keir Starmer said the investments "are a testament to Britain's economic strength and a bold signal that our country is open, ambitious, and ready to lead". "Jobs, growth and opportunity is what I promised for working people, and it's exactly what this State Visit is delivering," he added. On Thursday, major UK and US investors will meet the Prime Minister and President Trump at Chequers to discuss how both countries can go further to deepen their economic ties"
A record 150bn package of US investment targets multiple UK sectors and is expected to create more than 7,600 "high-quality jobs". Blackstone will provide a large share through a planned 90bn investment in the UK over the next decade, building on a prior 10bn data-centre commitment. Microsoft pledged 22bn over four years and Google 5bn over two years to expand data-centre capacity. Prologis plans 3.9bn for life sciences and advanced manufacturing, and Palantir up to 1.5bn for defence innovation. The investments aim to offset pharmaceutical-sector outflows, though projected jobs are small relative to 160,000 payroll job losses since last year.
Read at www.bbc.com
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