Britain's Big Investment Day: Where's Elon?
London, UKMon Oct 14 2024
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Britain's new Labour government just announced a huge 63 billion pounds ($82 billion) investment plan. The focus? Artificial intelligence, life sciences, infrastructure, and technology. This happened at a big business summit in London. Guess who wasn't there? Elon Musk. His social media platform, X, was used to spread false information during anti-immigrant violence this summer. Musk even posted insults about Prime Minister Keir Starmer. The government says Musk hasn't been to these summits before, but they're ready to talk if he wants to invest.
The government wants to attract investment to boost the economy and show businesses they care about workers' rights. They promise to cut unnecessary regulations, especially around planning. But unions worry this could mean lowering health, safety, and environment standards. The government denies this, saying they just want to make things easier for businesses.
Other deals announced at the summit include a life sciences incubator, new data centers, a research campus, airport expansion, and a new ferry port. There's also a new fund for clean-energy industries. Business executives and government ministers mingled at historic sites like Guildhall and St. Paul's Cathedral. King Charles III was there, and even Elton John performed. But no sign of Elon Musk.
https://localnews.ai/article/britains-big-investment-day-wheres-elon-157f494f
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