Labour woos new business to Britain

The U.K. Labour government is hosting its inaugural International Investment Summit in London, aiming to attract foreign capital with around 200 executives expected to attend, including prominent figures like Eric Schmidt and Larry Fink. The government plans to announce easing of regulations and investment deals in AI, life sciences, and infrastructure, while facing criticism for lack of event details and potential tax hikes. Prime Minister Starmer aims to boost business confidence and productivity through pro-business policies and focus on emerging technologies like AI and robotics, as part of its new industrial strategy chaired by Microsoft UK CEO Clare Barclay.

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