international
UK and Japan agree £18bn investment deal
Key takeaways
- The deal comes as the UK's economy struggles to grow, with experts predicting the US-Israel war with Iran will hit the UK particularly hard.
- It is not clear how much of the investment listed by Downing Street represents new money or previously announced plans.
- Sir Keir and Takaichi met Japanese business leaders at Downing Street on Sunday, with Starmer describing the talks as "very productive".
Why this matters: an international story with cross-border implications worth tracking.
Mitchell Labiak Business reporter Getty Images The UK and Japan have agreed a multi-billion pound investment deal which UK Prime Minister Sir Keir Starmer said will build a "new era of co-operation" between the two nations.
Japanese firms will spend more than £9bn on UK infrastructure and financial services and up to £9bn on UK offshore wind, creating tens of thousands of jobs, Downing Street said as the PM met his Japanese counterpart Sanae Takaichi in London.
The deal comes as the UK's economy struggles to grow, with experts predicting the US-Israel war with Iran will hit the UK particularly hard.
Article preview — originally published by BBC World. Full story at the source.
Read full story on BBC World →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from BBC World alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop