Big business backs UK despite Budget tax threat

Published On Oct 14, 2024, 2:43 AM

Major business leaders are expressing confidence in the UK economy ahead of an international investment summit in London, with hopes for increased foreign investment. Prime Minister Keir Starmer intends to reduce regulations that may hinder growth, while the government is expected to face challenges due to upcoming tax increases. Key firms, including Goldman Sachs and JP Morgan, emphasize the potential for economic growth through international investments. Attention will also be on commitments from companies like Macquarie, which plans to invest significantly in infrastructure in the UK.