£150 Billion- that will make a significant uplift to our economy

Sounds good to me!

I have pondering on this (too much time on my hands) of course it is good for those who are going to benefit from a job with training and prospects

There is something niggling away in the back of my tiny brain though.

Do we want more outside influence in the U.K.? Especially in the tech and energy sectors?

Why can’t our Government actually invest in its own infrastructure and economy (raising the money via gilts, bonds etc., mind you as we have a sovereign currency the Government/Bank of England can create money)

There are so many of our industries already owned by foreign companies/investors, once you dig deeper and see the extent the U.K. industries, infrastructure, energy is at the mercy of those outside our control it makes me feel rather uneasy.

This is not just a question for the current Labour Government, but also the Conservatives and Labour in the Blair/Brown years.

I am not intending to be negative, just wish we could have a more British injection of investment and advancement.

Inward investment has seriously contracted since Brexit, and there has been nothing really significant until now.

“Countries need inward investment for economic growth through job creation, technology and knowledge transfer, and infrastructure development. It boosts productivity, increases tax revenues, and fosters innovation, leading to higher wages and better consumer spending via the multiplier effect - an important fact.
Attracting inward investment can also create a strong positive image, making a country more appealing to future investors and enabling it to meet key economic and social priorities.”

Whitewavemark2 yes, I understand that.

It just makes me uncomfortable that we are becoming more and more reliant on other countries rather than investing in ourselves.

This would also generates jobs, income from tax revenue and boost demands for stuff and hospitality that then goes on to generate revenue, multiplier effect…

GrannyGravy13

Whitewavemark2 yes, I understand that.

It just makes me uncomfortable that we are becoming more and more reliant on other countries rather than investing in ourselves.

This would also generates jobs, income from tax revenue and boost demands for stuff and hospitality that then goes on to generate revenue, multiplier effect…

Investment went elsewhere during the Thatcher years, not assisted by Blair with the focus shifting to banking and the service industries.

We lost a lot of investment due to Brexit and the lies told about the world market deals, which haven't materialised.

Think about why people don't want to invest in us. They would rather hide their money away in the Cayman Islands and other tax havens.

This process of beginning to believe in ourselves will take years, I'm not sure I will see the rewards in my lifetime.

Globalisation is a fact of life now. But it is by all means not an entirely bad thing.

Foreign owned companies are nearly always more productive than domestically owned companies. Domestic companies, who are notoriously bad at investing in productivity, are forced to invest in order to compete.

A win all around for our economy, jobs and competitiveness.

keepingquiet

GrannyGravy13

Whitewavemark2 yes, I understand that.

It just makes me uncomfortable that we are becoming more and more reliant on other countries rather than investing in ourselves.

This would also generates jobs, income from tax revenue and boost demands for stuff and hospitality that then goes on to generate revenue, multiplier effect…

Investment went elsewhere during the Thatcher years, not assisted by Blair with the focus shifting to banking and the service industries.

We lost a lot of investment due to Brexit and the lies told about the world market deals, which haven't materialised.

Think about why people don't want to invest in us. They would rather hide their money away in the Cayman Islands and other tax havens.

This process of beginning to believe in ourselves will take years, I'm not sure I will see the rewards in my lifetime.

Maybe we won’t but our grandchildren will.

I will believe it when I actually see evidence of it happening.

ver the years governments of all colours have signed deals like this and banged the drums and shouted everywhere about it, but they all seem to fizle out or just do not do what theys ay they will do.

Bit more detail

British firm Nscale, and leading American companies OpenAI and NVIDIA are partnering up to establish Stargate UK to deliver new AI infrastructure in the UK. Microsoft has made its largest ever financial commitment in the UK with a $30 billion (£22 billion) investment into AI infrastructure and ongoing operations.

Google announced the opening of its data centre in Waltham Cross, Hertfordshire, as part of a two-year £5bn investment in the UK.

Richard Clode, portfolio manager on the global technology leaders team at Janus Henderson, said: "AI is a scale game in terms of infrastructure and scarce AI talent. The UK has the latter while these announcements give us more confidence in the UK having the former. That should pave the way for continued strong AI innovation in the UK with natural advantages versus the rest of Europe."

Nscale has also entered into a commitment with Microsoft (MSFT) to deliver the UK's largest AI supercomputer at its campus in Loughton, Essex. Nscale said that the site will deliver 50 megawatts (mw) of AI capacity, scalable to 90mw, and will initially house 23,040 Nvidia GB300 GPUs, which will be delivered in the first quarter of 2027.

Yes WW, this is excellent news for our country.

As you say, even if we don’t see the full economic benefits of it, our adult children and grandchildren will.

Mind you, the world of tech moves very quickly so, watch this space …👍

My major concern was that they will get their paws on the NHS, but I have googled and found nothing new at all, not a peep, just the usual (and not dated recently) speculation.

Of course we all wish it could all be UK, but globalisation is upon us like it or not, for example the difficulties nationalising water, which most folks seem to want, becuase if international investment.

No, very good news indeed. Starmer has done a good repair job without sacrificing principles, like mentioning a Palestinian State and someone - a Royal? - bringing up the Ukraine.

Wow, thanks for that further detail WW.

Clearly positive things are already happening. The ‘tech bros’ don’t hang about!

A headline from an article in the Telegraph this morning:

The UK has seized its moment as an ‘AI superpower’, leaving Europe flagging in the dust

Wyllow3

My major concern was that they will get their paws on the NHS, but I have googled and found nothing new at all, not a peep, just the usual (and not dated recently) speculation.

Of course we all wish it could all be UK, but globalisation is upon us like it or not, for example the difficulties nationalising water, which most folks seem to want, becuase if international investment.

No, very good news indeed. Starmer has done a good repair job without sacrificing principles, like mentioning a Palestinian State and someone - a Royal? - bringing up the Ukraine.

I think it is largely - well almost exclusively AI tech and energy.

Maybe these big tech companies can force some sensible decisions on our energy policy - after all they are going to need lots of cheap energy for their data processing banks.

FriedGreenTomatoes2

Maybe these big tech companies can force some sensible decisions on our energy policy - after all they are going to need lots of cheap energy for their data processing banks.

Water as coolant too, can they sort that out!

Is it right that one data site will use as much energy as 3 million homes? If so where is this energy coming from?

It's a "trade off", isn't it? Only time will tell, it's a good question.

FGT - I can't get used to all this agreeing...☺️

This gives me hope the end of the net zero agenda is near, thankfully. Musk uses thirsty gas turbines for his Grok ai so ours may need the same. Maybe invest in North Sea again? 🤞

Wyllow I know! 😁

FriedGreenTomatoes2

Maybe these big tech companies can force some sensible decisions on our energy policy - after all they are going to need lots of cheap energy for their data processing banks.

😄. This isn’t Trump land thank goodness and we still value our environment and climate.

So

Nuclear engineering company Amentum confirmed a £150 million investment in the UK and said it plans to create more than 3,000 new jobs, to increase its UK workforce by over 50 per cent over the next four years.

X-Energy and Centrica also said they plan to build up to 12 advanced modular reactors.

Water to cool ? - The sea