Britain: US investments of £1.25 billion in the financial services sector

Arab Sea Newspaper - News Updates

Arab Sea - Follow-ups: The British Ministries of Trade and Treasury announced new investments from American financial services companies worth £1.25 billion, as part of strengthening the economic partnership between the United Kingdom and the United States ahead of the US President's official visit to London next week. The statement explained that the investments include major companies such as PayPal, Bank of America, Citibank, and S&P Global, with the aim of supporting jobs, innovation, and improving financial services for British consumers. Bank of America will create up to a thousand new jobs in Belfast, while Citibank announced an investment of £1.1 billion to expand its operations in the United Kingdom, particularly in Northern Ireland, where it employs more than 4,000 people. Economic stagnation in July On the other hand, the British Office for National Statistics showed that the economy recorded no growth last July, compared to an increase of 0.4% in June, indicating a difficult start to the third quarter of the year amid the pressure of rising taxes and living costs. Despite this, the British economy achieved growth exceeding 1% during the first half of 2025, which prompted Prime Minister Keir Starmer to emphasize that his country recorded the fastest growth rate among the G7 economies.