'It's a no-brainer': U.S. beats UK investment scene, says British MP, calling for radical overhaul

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Britain's opposition finance minister on Tuesday lambasted the country's business environment under the current Conservative government.

Rachel Reeves said that companies currently deciding whether to invest in the U.K. or in the U.S. faced "a no-brainer" decision.

The Labour Party's Rachel Reeves, who is vying for the top finance job at the next election, said that initiatives like the U.S. Reeves said that under Labour leadership, Britain would implement a "modern industrial strategy" encouraging the government and businesses to work in partnership. She did not give specific details of such a plan.

"I don't want to find ourselves, in 30 years' time, looking back and wondering why we are importing all of our vehicles because we didn't make the batteries here, why we are importing our steel because we didn't move to green steel, why we're importing our gas because we didn't invest in hydrogen today.

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