WASHINGTON: U.S. financial companies have announced plans to invest £1.25 billion (approximately $1.7 billion) in the United Kingdom. This came ahead of President Donald Trump’s two-day visit to the UK, which is set to begin next Wednesday. Several firms, including Citigroup, S&P Global, PayPal, Bank of America, and BlackRock, have expressed their readiness for this new investment. Additionally, reports indicate that major technology companies OpenAI and Nvidia plan to announce investments in data centers in the UK during President Trump’s visit, potentially amounting to billions of dollars. The UK’s Department for Business and Trade stated that these investments and financial commitments are expected to facilitate approximately £20 billion in trade deals, with around £8 billion going to the UK and £12 billion to the United States. Peter Kyle, the UK’s Minister for Business and Trade, remarked, “These investments demonstrate the strength and durability of our ‘golden corridor’ with a close trading partner, all taking place ahead of the official visit of the U.S. President.”
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