UK launches plan for industry as Brexit looms, wins Merck investment
The government said on Monday that it had secured a major investment from global healthcare company MSD, known as Merck & Co in the United States, ahead of the publication of the strategy.
By: Reuters | London | Published: November 27, 2017 8:56 am
Britain’s Secretary of State for Business Greg Clark arrives at 10 Downing Street, London, November 22, 2017. (Source: REUTERS)
The British government launched a new strategy for industry on Monday, aiming to intervene in key sectors to tackle weak productivity and bolster businesses to counter any new problems caused by Brexit. Prime Minister Theresa May first flagged the plan in January, seven months after Britain voted to leave the European Union, adopting a hands-on approach to business that had largely been abandoned by her predecessors from the time of Margaret Thatcher in the 1980s.
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