19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 3 hours ago
- Bias Distribution
- 100% Center
The City of London Corporation has called on the UK government to develop a financial and professional services strategy to attract up to £7.7 billion in foreign sovereign investment by 2030. Research indicates that sovereign wealth and public pension funds have significantly increased their UK investments—more than doubling in the five years after establishing a UK office—resulting in an additional £13.4 billion across key sectors like infrastructure and renewable energy. This surge emphasizes the importance of foreign direct investment (FDI) for economic growth and job creation in the UK. A public-private council, chaired by the Chancellor, is proposed to streamline efforts and capitalize on financial services contributions. The urgency of this call is heightened by a £22 billion gap in public finances, prompting a need for increased foreign investments to support public services. As Prime Minister Keir Starmer prepares for the International Investment Summit on October 14, these recommendations aim to convert interest in British assets into tangible investments.
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 3 hours ago
- Bias Distribution
- 100% Center
19Negative
Serious
Neutral
Optimistic
Positive
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