To ask His Majesty's Government what steps they are taking to ensure that US companies gain confidence in the UK as a place to invest.
Answered on
12 July 2023
The U.S.-UK bilateral investment relationship is the largest in the world, with £1.14 trillion in FDI stock supporting more than 2.7 million jobs in both countries.
On the 8th of June, the Prime Minister and the President announced a first-of-its-kind economic partnership. The Atlantic Declaration and accompanying Action Plan cover the full spectrum of our economic, technological, commercial and trade relations. On the same day, the PM announced more than £14bn of new investment in the UK by US companies.
More widely, the Government is investing £26 billion in the UK economy designed to unlock £90billion of private sector investment, both domestic and international, by 2030.