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The Independent UK

Business

Christopher McKeon and David Maddox

EXPLAINED: Astrazeneca cancels 450m investment in uk after dispute over government support | Vintage Vibes

AstraZeneca United Kingdom Matt Hancock Merseyside Vaccine

Rachel Reeves has suffered a humiliating blow to her hopes win back business confidence after AstraZeneca has cancelled a planned £450 million investment in a vaccine manufacturing plant in Merseyside.

The announcement provided a harsh reality check at the end of a week where the chancellor had hoped to use a major speech to get her economic growth agenda back on track.

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