Doubts on UK Industrial Strategy Cloud Investment Push at Summit
- Starmer convenes meeting of CEOs, UK ministers, in London
- UK due to set out outline, but not details, of strategy
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When UK Prime Minister Keir Starmer welcomes business leaders to a major investment summit in London on Monday, his message to executives from the likes of BlackRock, Vodafone and GSK will be simple: plow your cash into Britain.
But undermining his sales pitch is the ongoing uncertainty over his new administration’s industrial strategy. Would-be investors are keen to know what kind of incentives will be on offer to make it worth their while pouring money into factories, infrastructure and job creation in the UK. While the government plans to spell out its favored sectors at Monday’s gathering, it won’t unveil the full plan until the spring.