Blow for Reeves as AstraZeneca ditches £450m investment

Quick Summary:

The drugs giant blames "protracted" talks with the government as well as differences over funding.

Plans to expand AstraZeneca's site at Speke had been set out by the previous Conservative Chancellor Jeremy Hunt in last March's Budget.

But some companies have warned that the extra costs they face, along with minimum wage rises and a reduction in business rates relief, could impact their ability to hire workers and invest in growth.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Vaccine Plans Been Growth Astrazeneca Plant Chancellor Invest £450m Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 17:09:45 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 620 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25900793

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

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Publisher ID: #43

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