U.S. financial firms have invested £1.25 billion (US$1.69 billion) in the UK ahead of a state visit by President Donald Trump.
The investment from firms like PayPal, Bank of America, Citigroup, and S&P Global is expected to create 1,800 jobs across London, Edinburgh, Belfast, and Manchester, and deepen transatlantic financial ties, according to the British Government’s Department for Business and Trade.
“By working with our allies, we are creating jobs here,” British Prime Minister Keir Starmer said.
As part of these plans, the Bank of America will open its first operation in Northern Ireland in Belfast, creating 1,000 jobs.
S&P Global also plans to invest over £4 million in Manchester to support 200 permanent jobs. Citigroup will invest £1.1 billion across its UK operations.
BlackRock is expected to allocate £7 billion to the UK market next year and has opened a new office in Edinburgh, nearly doubling its workforce.
"These investments reflect the strength of our enduring 'golden corridor' with one of our closest trading partners," said Britain's trade minister, Peter Kyle.
According to the British government, the deal is worth up to £20 billion in trade between the UK and the U.S.
Washington said other countries are planning to sign a technology agreement in the coming days to bolster collaboration between their trillion-dollar tech sectors.
