President Donald Trump and U.K. Prime Minister Sir Keir Starmer signed what the latter referred to as a “ground-breaking” new U.K.-U.S. Tech Prosperity Deal on Thursday.
Praising the commitment, Starmer said “the deals and investment being announced today break all records.”
“What a day, 250 billion pounds [340 billion dollars] flowing both ways across the Atlantic,” Starmer said. “It is the biggest investment package of its kind in British history by a country mile.”
A press release from 10 Downing Street referred to the deal as “the largest commercial package ever secured during a State Visit, underscoring the power of the U.K.-U.S. economic partnership.”
Starmer said U.S. companies had pledged £150 billion ($204 billion) in investment in the United Kingdom, including £90 billion ($122 billion) from investment firm Blackstone over the next 10 years. Almost $30 billion has been invested by pharmaceutical firm GSK in the U.S.
Trump took the opportunity to once again praise the “special” relationship between the U.S. and U.K.
“It’s an unbreakable bond we have. Regardless of what we’re doing today, I think it’s unbreakable,” he remarked.
Trump also thanked Starmer and his wife, Victoria, for welcoming him at Chequers, the countryside residence of the U.K. Prime Minister.
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He went on to pay tribute to King Charles III and Queen Camilla for hosting him and Melania at Windsor Castle, and said he will forever be thankful to the king for the “fantastic” time he had at the state banquet.
More to follow…
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