Sunak in bid to drum up foreign investment at Hampton Court summit
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Rishi Sunak has said companies have pledged to invest nearly £30bn in the UK as he prepares to meet leading business figures at Hampton Court in an effort to drum up foreign investment.
Article originally published by The Guardian. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
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27 Nov 2023
The government said £29.5bn of new investment had been earmarked for the UK, including projects by the ScottishPower owner, Iberdrola, and BioNTech, the German company which partnered with Pfizer on its Covid vaccine.
Sunak will meet the heads of multinational firms including Goldman Sachs, Blackstone and JP Morgan at the summit in south-west London, before the business leaders later dine at Buckingham Palace with King Charles.
Predictions for UK growth were slashed at last week’s autumn statement, heaping pressure on the government to show signs it is acting to breathe life into an economy hit hard by rampant inflation.
At the summit, the prime minister will hold a “keynote conversation” with Steve Schwarzman, the chair and co-founder of investment firm Blackstone while the chancellor, Jeremy Hunt, will later host a panel including Jamie Dimon, the JP Morgan
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