Nik Storonsky, chief executive and co-founder of Revolut, said the London hub would be central to the company's ambitious growth plans. Revolut now serves 65 million customers worldwide, with Storonsky targeting 100 million in the near future. The UK investment forms part of a wider £10 billion global programme to create 10,000 jobs over five years. Founded in 2015, Revolut already employs more than 10,000 people globally, with 1,300 in London.
With today's announcement, Google is deepening our roots in the UK and helping support Great Britain's potential with AI to add £400 billion to the economy by 2030 while also enhancing critical social services. Google's investment in technical infrastructure, expanded energy capacity, and job-ready AI skills will help ensure everyone in Broxbourne and across the whole of the UK stays at the cutting-edge of global tech opportunities.
Billionaire Sir Jim Ratcliffe who owns Manchester united and the energy empire Ineos has ceased all investment into Britain and will place £3 billion into US operations. Ratcliffe has blamed Rachel Reeve's "unstable fiscal regime" as the main factor in the shift and warned he will not invest into the UK as he cannot be sure as to what the "future tax rates will be." Brian Gilvary who is in charge of Ineos's energy sector said they have "stopped investing in Britain" and will place future investment into the US which will be a big win for Donald Trump. Gilvary said that the UK has "one of the most unstable fiscal regimes in the world" in the energy and natural resource sectors.
She said whilst in Rochdale, "Connectivity is an absolutely critical factor in unlocking the potential of towns and cities outside of London. one of the areas in which previous governments have promised most but delivered least, and that will now change."