Trade Agreements: USA
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the UK-US trade agreement on levels of investment in (a) Lincolnshire and (b) the East Midlands.
Answered by Mr Douglas Alexander
The US is our biggest investor and our top investment destination. At the end of 2023, the UK and US had over £1.2 trillion invested in each other’s economies.
On 8th May, the UK government announced a landmark economic deal with the US. This deal protects jobs in the automotive, steel, aluminium, pharmaceutical and aerospace sectors - sectors that employ over 320,000 people across the UK.
This Government will continue to act in Britain’s national interest including for workers, businesses and families in Lincolnshire and the East Midlands.
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