What Is Impact of Trump-Starmer Tech Deal?

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00:00Starmer says the new tech deal has the power to change lives and create 15,000 jobs in the UK.

00:08What do you make of the agreement signed today between the US and the UK?

00:15Well, it's a stunning amount of money on paper. But the real question is whether it turns to

00:23reality, one rather hopes it does. Any investor from America investing in the United Kingdom will

00:30have to struggle with a number of things. One is the high tax regime, which is putting people off,

00:36corporation tax going up, national insurance has gone up, which means that people in the UK aren't

00:43people to the extent they were. Employment is flat and will decrease. And people in the UK

00:51are not investing in their own country. So this is big headline stuff. The reality is

00:59when they look closer, lift the bonnet open and see what the engine looks like, they may well back off.