At an event hosted by the Confederation of British Industry (CBI) on Thursday, the UK Finance Minister/ Chancellor Phillip Hammond will urge the business leaders at the World Economic Forum (WEF) in Davos, Switzerland to continue to invest in the country after Brexit.
Hammond is expected to say: “Britain is a great place to do business. And we are determined, as we leave the EU, to make sure it remains that way.”
Reuters reports that Hammond is also flagging up £100 million in government funding for 1,000 new doctoral research places focused on artificial intelligence for use in public hospitals, voice-recognition software and pollution monitoring.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.