UK Is Well-Placed in Global Race for Investment, Tech Minister Says – Bloomberg

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Science, Innovation and Technology Secretary Chloe Smith

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Britain is well-placed to attract high-growth companies, despite increasing global competition due to interventions such as US President Joe Biden’s massive package of subsidies and tax breaks for green industries, a government minister said.
“The UK’s in a very powerful position,” acting Science, Innovation and Technology Secretary Chloe Smith said in an interview ahead of a Treasury announcement for a £650 million ($800 million) package of measures to boost Britain’s life sciences sector. “This is not a subsidy race. This is about using taxpayers’ money to gain even more for taxpayers.”


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