BRIEF—AstraZeneca ditches £450 million UK investment

1 February 2025

UK pharma major AstraZeneca has scrapped its plans to invest £450 million in expanding ($559 million) to expand its vaccine plant in Speke, Liverpool, blaming a reduction in government support.

This was part of a £650 million investment projectannounced in March last year, before the Labour Party came into power in July.

AstraZeneca announced its decision just two days after Chancellor Rachel Reeves set out Labour's plan to go "further and faster" to boost economic growth.

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