£150bn is a blow-your-socks-off figure – but this is not money in the bankpublished at 09:08 BST
Simon Jack
Business editor
It’s a blow-your-socks-off number – and the government clearly welcomes what it describes as “record breaking” levels of promised investment.
Now, foreign direct investment into the UK is extremely volatile. It averages over the last ten years at about £50bn a year.
So, £150bn sounds like a lot. £90bn comes from the private equity group Blackstone, which back in June pledged to invest £370bn across all of Europe. It looks like the UK has got an oversized slice of this.
But this is over 10 years and things can change.
These are understandings, commitments, promises, pledges. This is not money in the bank.
More significant is some of the tech spending, which we’ve seen from the likes of Microsoft and Google. This feels like money, growth and jobs now.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.bbc.com ’
