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Starmer promises to slash bureaucracy, urges foreign investors to support UK

Boosting Britain’s economic growth post-Brexit chaos, Prime Minister Keir Starmer urged global business leaders to invest in the UK at a major summit. Promising to cut red tape and create a pro-business environment, Starmer aims to attract foreign investment to drive the economy.

Despite facing criticism over the summit’s organization and sluggish attendance from multinational bosses, the UK government is set to announce major investment deals in AI, life sciences, and infrastructure. A row involving P&O’s Dubai owners briefly threatened a billion-pound investment project but was resolved before the event.

Starmer emphasized the importance of private sector investment in rebuilding the country and restoring Britain’s image as a confident trading nation. With plans to unveil billions in investment projects, his government is striving to regain public confidence and boost economic growth.

Overall, the International Investment Summit aims to showcase the UK’s business potential and create opportunities for growth amid post-Brexit uncertainties, demonstrating the government’s commitment to driving prosperity and innovation.

The post Starmer vows to cut red tape as he urges foreign investors to ‘back’ UK appeared first on Iraqi News.



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