Ministers refuse to rule out hike to employer national insurance rate October 14, 2024 The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto [...]
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
Servicenow pledges £1.2bn investment into UK business at summit October 14, 2024 American software firm Servicenow has committed to investing $1.5bn (£1.15bn) into its UK business over the next five years, the New York-listed company announced today at the international investment summit. Servicenow, a platform that automates and manages business processes, such as customer service and HR, also plans to expand with new office space and grow [...]
Elon Musk snub from UK investment summit defended by government October 14, 2024 Technology secretary Peter Kyle has suggested that Elon Musk was not invited to the government’s international investment summit due to his tendency to avoid such events. Previous reports suggested Musk, the owner of X and Tesla, was omitted from the guest list following controversial social media comments he made regarding Britain’s summer riots, where he [...]
Starmer’s big day in the City October 14, 2024 The Guildhall, in the heart of the City of London, has been a vital commercial centre for hundreds of years. The main building, in which the Prime Minister will this morning address an impressive gathering of CEOs and investors, dates from the 15th century and a time when powerful merchants exercised huge influence over the [...]
The International Investment Summit proves London is open for business October 14, 2024 London is reclaiming its reputation as a magnet for global investment – and when London thrives, we all do, says Sadiq Khan Today, Britain reclaims its reputation as a magnet for global investment. All told, the government’s International Investment Summit in London has already secured £24bn. This is good news for our economy, for our [...]
Being ‘the grown ups in the room’ won’t cut it with investors October 14, 2024 At today’s International Investment Summit, ministers must recognise that businesses want concrete assurances about the kind of returns they can expect, says Eliot Wilson Today is the government’s long-anticipated International Investment Summit, which will bring together potential investors from abroad and within the United Kingdom and is intended to show, in the business and trade [...]
Scrap AIM to save London’s capital markets, think tanks say October 13, 2024 London's junior stock exchange should be ditched, according to a new report, as part of a "radical surgery" to save the UK's ailing capital markets.
DP World: Ministers had ‘conversation’ to salvage investment after row October 13, 2024 Ministers were forced to “have a conversation” with executives from DP World to secure its investment after a senior minister referred to one of its subsidiary P&O Ferries a “rogue operator”, the business secretary has said. Business secretary Jonathan Reynolds said the investment – which was reportedly put in jeopardy following the scathing criticism of [...]