UK and Japan to agree £18bn investment deal
8 reported
The UK and Japan are set to agree £18bn worth of investment, creating tens of thousands of jobs, according to a single-source report. Prime Minister Keir Starmer will welcome Japanese counterpart Sanae Takaichi to Downing Street on Sunday ahead of the G7 summit next week. More than 10 commercial and government agreements are expected to be signed, including a £9bn offshore wind deal. Rolls-Royce will deepen its collaboration with Japan’s Atomic Energy Agency, signing a new agreement to develop next-generation technologies, Downing Street said. Japanese and British business leaders will join for a discussion on future opportunities for economic growth. Discussions will also include helping UK defence firms access Japanese investment, No 10 said. The report notes this comes after Starmer’s leadership survival plans were rocked by the resignation of John Healey as defence secretary over a dispute about long-term funding for the military.
What’s reported
The UK and Japan are set to agree £18bn worth of investment.
The deal is expected to create tens of thousands of jobs.
Prime Minister Keir Starmer will welcome Japanese counterpart Sanae Takaichi to Downing Street on Sunday ahead of the G7 summit next week.
More than 10 commercial and government agreements are expected to be signed, including a £9bn offshore wind deal.
Rolls-Royce will deepen its collaboration with Japan’s Atomic Energy Agency, signing a new agreement to develop next-generation technologies.
Japanese and British business leaders will join for a discussion on future opportunities for economic growth.
Discussions will also include helping UK defence firms access Japanese investment, No 10 said.
The report states this comes after the resignation of John Healey as defence secretary over a dispute about long-term funding for the military.
Key figures
Keir Starmer, UK Prime Minister
Sanae Takaichi, Japanese Prime Minister
John Healey, former UK defence secretary (resigned)
Al Carns, former armed forces minister (resigned)
Sources: The Guardian
