Britain hosts an international investment summit and denies snubbing Elon Musk

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Business News

Keir Starmer,Elon Musk,World News

Britain’s new Labour Party government is announcing billions of pounds in investment in U.K. artificial intelligence, life sciences and infrastructure at a business summit.

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British Prime Minister Keir Starmer, right, sits in conservation with former CEO of Google, Eric Schmidt, center, and Emma Walmsley the CEO of GSK, during the International Investment Summit in London, Monday, Oct. 14, 2024. “This is the moment to back Britain,” he said, pledging to oversee a “hard-headed” industrial strategy and “galvanize growth” but slashing unnecessary regulation.Unions worry that may mean lowering standards on health, safety and the environment, a claim the government denies. Technology Secretary Peter Kyle said reducing red tape did not mean “cutting corners or lowering standards, but making sure that the government takes on some of the burden of compliance, so that our nation can benefit.

Not among them was Musk, whose social media platform X was used to spread false information during anti-immigrant violence that erupted in Britain this summer. Musk himself posted messages insulting Starmer and saying the U.K. was headed for civil war.

 

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Britain hosts an international investment summit and denies snubbing Elon MuskBritain’s new Labour Party government is announcing billions of pounds in investment in U.K. artificial intelligence, life sciences and infrastructure at a business summit.
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