💡 Lots of good news for 🇮🇱 investors in the 🇬🇧 #Budget announcement.
✨ Rt Hon Rachel Reeves delivered the first budget under a Labour government for 14 years and the first ever UK budget by a #female Chancellor! 💪
⚡ Britain is a strong and credible international partner. £63.5bn of investment was committed from businesses around the world at the International Investment Summit earlier this month. This vote of confidence in the UK is a clear sign Britain is open for business. We invite Israeli partners to join us in this journey.
💂♀️ Britain is...
✅ #Growing. Our GDP growth forecast for next year has risen to +2% 📈
✅ #Stable. Putting public finances on a sustainable path with strengthened fiscal rules, sound borrowing and independent institutions
✅ #Business-friendly. Clarified, capped and competitive corporation tax and fairer business rates, simplified planning
✅ #Investing. Boosting capital investment by >£100bn, crowding-in private sector investment including for housing, transport, energy, R&D 📈
✅ #Funding. Increasing public spending for UK growth sectors including auto (>£2bn), aerospace (£1bn), life-sciences (>£0.5bn) clean energy (£4bn next year alone).
✅ #Green: incentivising EVs, establishing #GreatBritishEnergy, growing renewables & nuclear, accelerating grid connections. ⚡ 🌍
✅ #Fair: With £23bn extra for health, £11bn extra for education, boosting wages for low paid, protecting pensions.
✅ #Open. UK will publish a Trade Strategy in 2025 renewing our commitment to free and open trade, industrial growth, sustainability & security.
✅ #Innovative. Protecting record levels of govt R&D spend (>£20bn for next year alone) & fully funding our Horizon association.
If you’re an Israeli investor wanting to find out more, please contact the team and I at British Embassy Israel, or visit 👉 https://lnkd.in/e9wFB6Hk
Liron Attias Ronee Isaacson Lee Cohen Rolly Abonassera Elaine Avisror
#UKInvestment #UKIsrael Department for Business and Trade