India  

AstraZeneca scraps plan to expand vaccine plant in the UK in blow to government

SeattlePI.com Friday, 31 January 2025 ()
Pharmaceutical company AstraZeneca has cancelled a planned 450 million-pound investment in a vaccine manufacturing plant in northwest England. It blamed the new Labour government for diluting the support that had been offered by the previous Conservative administration. Friday's decision represents a blow to Treasury chief Rachel Reeves at the end of a week when she trumpeted the government’s plans to bolster British economic growth and make the country more attractive to international investors. The government said a “change in the make-up of the investment” proposed by AstraZeneca, had led to a change in the grant it was willing to offer. Details of what had changed were not immediately available.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Big Blow To Netanyahu From Israelis: Angry Hostages Families File 112 Cases Against Israeli PM [Video]

Big Blow To Netanyahu From Israelis: Angry Hostages Families File 112 Cases Against Israeli PM

In a dramatic move, 112 Israelis, including families of hostages held in Gaza, have filed a lawsuit against Prime Minister Benjamin Netanyahu and his government for failing to prioritize the safe..

Credit: Oneindia     Duration: 03:22Published

Related news from verified sources

AstraZeneca scraps £450m vaccine plant after Labour funding cut

AstraZeneca scraps £450m vaccine plant after Labour funding cut
AstraZeneca has cancelled plans for a £450m vaccine manufacturing plant in Liverpool, blaming a cut in funding from government.
Sky News

Ministers may find it hard to defend vaccine plant blow given economic climate of contagious scepticism

Ministers may find it hard to defend vaccine plant blow given economic climate of contagious scepticism
In substance and timing, AstraZeneca's decision to cancel a planned expansion of its flu vaccine facility at Speke is a blow to the government's recent zeal for...
Sky News