A major update was just recently received, that the Prime Minister of the United Kingdom Rishi Sunak declared Hampton Court to host a business summit. For the unversed, Hampton Court is a 16th-century palace that is famous for its maze. This is the reason for Rishi Sunak’s decision to choose Hampton Court as a destination for the upcoming business summit at which the UK Prime Minister will try to get back favor among the investors who are perplexed by twists and turns in the policy of Britain. Since Rishi Sunak announced Hampton Court, a 16th-century palace famous for its maze, as a venue to host the summit, this news has been making headlines everywhere leaving people curious. Let’s delve deep into the details and unfold more details. Swipe down the page.
The aim of the UK at this business summit that will take place at the 16th-century Hampton Court is to win the favor of the investors to rank Europe’s Foreign Direct Investment destination back from France for which the UK PM will be required to reassure the investors no more British policy dead and a guiding hand from the government ends. The 2016 Brexit vote deteriorated the reputation of Britain for stability among investors through five prime ministers and a non-stop ministerial carousel. Shift to the next section and read more details.
In May this year, the President of France, Emanuel Macron at an event in the glittering Versailles palace won $14.2 billion or 13 billion euros of commitments, he will request the audience of his business to show the same faith in him in Britain as well. Therefore, they may also take some persuading. However, Britain has changed the course of some key policies from its net zero timetable, rate of corporation tax, onshore and offshore wind policies, and a major high-speed rail project. Continue reading this article for more details.
Some executives said the country took them for granted while some say they struggled to navigate the slow and cumbersome system of the country. The head of InfraRed Capital Partners, Jack Paris said, “The UK has diminished in its ability to attract capital in a variety of sectors,” He further added, “Things like tax deductions, subsidies: they have to work hand in hand to attract private capital,” He added that his firm was being warned about investing in a heating and energy efficiency business in Britain.