Leaders at five of the globe's largest banks, along with a range of insurers, private equity firms and tech giants, have shown their support for a drive to invest in the º£½ÇÊÓƵ, ahead of the government's key investment summit today.
Over a dozen executives penned a letter published in The Times today, expressing their optimism about the future of the British economy and stating that it was "time to invest in Britain", the letter read, as reported by .
Signatories from the banking sector included Goldman Sachs CEO David Solomon, Bank of America international president Bernard Mensah, and the heads of banking at JP Morgan and Citi.
They were accompanied by private equity heavyweights such as Blackstone president Jonathan Gray and KKR's co-head of European private equity Philipp Freise, as well as insurance leaders like Aviva CEO Amanda Blanc and Legal & General CEO Antonio Simoes.
"As global investors, we believe that there is a very real opportunity for the º£½ÇÊÓƵ to grow its economy by attracting international investment."
"Britain's educational establishments, legal system, financial services sector and language form the bedrock of a strong investment proposition."
"Technological developments, advances in the energy system and greater freedom in capital flows have further enhanced Britain's position."
With increased stability, its appeal is even more pronounced. We are optimistic about the future of the economy, and believe it is time to invest in Britain.
The letter precedes Prime Minister Keir Starmer's first International Investment Summit, which begins today at the Guildhall, with hundreds of global business leaders anticipated to attend.
Investments worth billions of pounds in sectors like artificial intelligence, life sciences and infrastructure are expected to be announced at the summit. Sky News reports that the total investment pledged by businesses could reach up to £50bn.
