Investments and employment. The British government announced more than one billion pounds of US banks in the country on Sunday, an announcement that occurs a few days before the visit of President Donald Trump’s state to the United Kingdom.
In detail, the Citigroup Bank will invest 1,100 million pounds (1.27 billion euros) in its operations in the United Kingdom and the PayPal online payment service provider 150 million, said a press release from the Ministry of Commerce.
The investments announced, which also refer to Bank of America or S&P, should make it possible to create 1,800 jobs in London, Edinburgh, Belfast and Manchester.
“By collaborating with our allies, we create jobs here,” British Prime Minister Keir Starmer, who is currently going through an internal political crisis after the dismissal of his ambassador to Washington, Peter Mandelson, due to his friendship with the sexual offender Jeffrey Epestin, said.
The United Kingdom is preparing to welcome Donald Trump for a second state visit on Wednesday and Thursday, after a first visit in 2019 during his first term.
The US president is expected to be accompanied by several important US technology and finance owners, according to British Press, and advertisements of economic and investment agreements are expected.
Source: BFM TV
