Great Britain injects billions into promising 'industries just to ward off Brexit shocks

Great Britain injects billions into promising 'industries just to ward off Brexit shocks

On Monday, Prime Minister Theresa May officially announced up to 4 billion pounds of spending on research and development as well as regional growth strategies, setting out ambitious plans to help the UK economy to surge after Brexit.

Amid severe international competition, the UK is considering carving out a fresh global role as a potential leader in so-called "industries of the future," including artificial intelligence and also driverless vehicles after it exits the EU in March 2019.

Badly affected by a botched snap election as well as with Brexit negotiations running behind schedule, May is about to stir up some economic upbeat mood just to help her poor minority government through the country’s most uncertain period since WWII.

The key challenge of Wednesday's budget will be improving the country’s persistently low productivity, lagging international rivals and considered to be as a key limiting factor on economic surge.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera