The British government was on a seduction operation this Monday, October 14. London hosted the International Investment Summit. The executive is trying to attract as much foreign funding as possible to boost its growth.
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With our correspondent in London, Emeline Vin
Welcomed in London alongside hundreds of business leaders, the former boss of GoogleEric Schmidt, put his finger on what he considers to be the obstacle to investments: standards and regulations. “ I think you need a ministry of deregulation (laughter). More seriously, there are so many validation steps. We would prefer that there be one person who could say yes or no, and we move on. All these standards take time and kill businesses. Plus, you will never achieve your carbon neutrality goals. “, he said.
Unnecessary paperwork will be eliminated, the Prime Minister promises. After all, Keir Starmer admits it: his government needs to replenish the state coffers. It lists what the UK has to offer: “ Now is the perfect time to bet on the United Kingdom. Our education system is fantastic, producing some of the best talent in the world. We have the largest tech sector in Europe. We are leaders in artificial intelligence, clean energy… And our location means that we can speak with our Asian and American colleagues in the same day! »
The government announces the capping of corporate tax at 25% until the end of the legislature, to provide visibility and stability to businesses. The summit will have raised 72 billion euros in investments, double the previous edition.
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