Business UK
AstraZeneca chooses Ireland over the UK for its new £320 million factory | Michael Wilson reacts
Business commentator Michael Wilson says the Government’s plan to raise corporation tax to 25% is not going to attract new business, as pharmaceutical company AstraZeneca has chosen Ireland over the UK for its new £320 million factory.
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
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‘You have the five permanent members on the security council that can veto, so anything that is done, Russia will veto it.’
Foreign affairs analyst James Marlow discusses the UN’s powers and limitations.
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@dazza4345
December 27, 2023 at 2:22 am
The Irish know how to do international investment.
@patti4785
December 27, 2023 at 2:22 am
As an Irish woman, id be seriously worried, the reason theyve chosen Ireland is because it has the best gangsters in the world running the country! So loadsa perks for the elite! No one to argue with them!!
@jimjohns9051
December 27, 2023 at 2:22 am
Jesus h haggard … 😂
@sarsfield70
December 27, 2023 at 2:22 am
God bless Brexit 🙂
@cryptobuzz4580
December 27, 2023 at 2:22 am
Ireland stealing money from the UK. The shoes on the other foot now MF's
@jordoncampbell5118
December 27, 2023 at 2:22 am
Another brexit benefit.
@woohoohaha7607
December 27, 2023 at 2:22 am
Hahahahaha from Dublin Ireland 🇮🇪🇪🇺👍 here is to our 50 years of EU membership and to the next 50 years we defeated the crown 100 years ago militarily as the Brits surrendered 🐎💩🇬🇧😁
@gingerandbroke1402
December 27, 2023 at 2:22 am
They moved to Ireland not only for our corporation tax but because Ireland wasn't stupid enough to put Tarrifs on itself by leaving the largest trading block in the world 😭 Up the Irish 🇮🇪
@roryoneill9444
December 27, 2023 at 2:22 am
Ireland is in the European Union and the uk isn't, brexit was suppose to allow the uk set its own tax rules to make is competive….. what happened?? Even british companies are leaving the sinking ship.
@argento1111
December 27, 2023 at 2:22 am
AstraZeneca is blaming taxes, becouse they can not name the other cause… the one without name… the elephant in the room, that took a huge dump and everyone is ignoring…
@ancietman
December 27, 2023 at 2:22 am
Hunt making Britain unattractive to big business so they do not open new places, pay tax in Britain, employ hundreds of people all paying tax. Then he can say Brexit failed we need to go back in the EU.
@myamwezmyamwez8669
December 27, 2023 at 2:22 am
More comments in comparison to likes @GBNews! People aren't agreeing with you!
@genghisthegreat2034
December 27, 2023 at 2:22 am
From Ireland, there are several reasons other than corporation tax rates that would influence this decision, although citing that is politically more palatable in the UK.
Ireland already has all the US and European biopharma companies here, for decades. It also has the highest population percentage with 3rd level degrees in all the 27 Member States. AstraZeneca can attract similarly qualified professionals from anywhere in the EU , and from Northern Ireland, without impediment.
Finally, it's a Horizon programme partner, and the kids of anyone moving here qualify for Erasmus, including NI people.
One doesn't attract highly qualified professionals, without a portfolio of opportunities for their partners and kids as well.
I'll leave you to name the elephant.
@nautilusshell4969
December 27, 2023 at 2:22 am
Corporation tax is 17% in Singapore. Thought we're suppose to be Singapore-on-Thames.
@windowman929
December 27, 2023 at 2:22 am
What! You dont have unfettered access to the European union.
Quick, give Ireland a ring.
@scipio1010
December 27, 2023 at 2:22 am
Welcome to Brexit sir …………..
@grantsapain
December 27, 2023 at 2:22 am
Britain's corporate tax rate is too high…
@tommy90990
December 27, 2023 at 2:22 am
Terrible what they making
@tommy90990
December 27, 2023 at 2:22 am
Ireland 🇮🇪 don't want the devil
@tommy90990
December 27, 2023 at 2:22 am
Oòoooohh no
@mrade5321
December 27, 2023 at 2:22 am
I'll back the government on this one, IF they put a ban on AZ poison being imported in to the UK.
@johnbrereton5229
December 27, 2023 at 2:22 am
It just makes you realise why the WEF imposed twice rejected Sunak and Hunt on us without an election. It's so they can stop growth and claim it's because of Brexit. Even though the UK was the fastest growing economy in the G7 after Brexit for 2 years running before they were imposed on us.
@siobhanstrauss8492
December 27, 2023 at 2:22 am
Ireland is still in the EU that’s why.
@dam8087
December 27, 2023 at 2:22 am
Brexit, the most insane act of self harm ever undertaken by the UK, fueled by ignorance, stupidity and gullibility
@monkeyboy8424
December 27, 2023 at 2:22 am
I'm curious how low the UK economy can be dragged down by billionaire Sunak and his Hunt chancellor before their removal.
@andrewoliver8930
December 27, 2023 at 2:22 am
I thought the blue folks were the "party of business".
@uingaeoc3905
December 27, 2023 at 2:22 am
The UK has the highest inward investment level of any European country.
#unt is deliberately crashing the economy through taxation.
@barbaraaimson2100
December 27, 2023 at 2:22 am
Plenty of immigrant labour
@jayden3759
December 27, 2023 at 2:22 am
Good take thier poison factory elsewhere great news
@martyn4422
December 27, 2023 at 2:22 am
Another Brexit win.
@theresenydahl9531
December 27, 2023 at 2:22 am
The big reason is Brexit, not the taxes.
@springer3783
December 27, 2023 at 2:22 am
Why highlight this , when the uk was in the eu, business still set up in Ireland . We need to lower taxes but this isn’t out of the ordinary.
@chrisspencer6502
December 27, 2023 at 2:22 am
Yeah, I'm going to call bullshit on this only being about taxes. Since doesn't the fta with Europe have many non tariff barriers to drug exports?
This is more to do with the retarded Brexit position the lemmings took.
@MG-eh6bx
December 27, 2023 at 2:22 am
GBNews missed an opportunity to question the AZ CEO regarding the jab efficacy. Less corporation tax should mean more profit to pay for vax injuries.
@Mike-tb9xq
December 27, 2023 at 2:22 am
We should be a tax haven like the Irish. Fk everyone who isn't us.
@canzuk1975
December 27, 2023 at 2:22 am
Least it was tax not Brexit they moved to Ireland phew.
@YouTubemessedupmyhandle
December 27, 2023 at 2:22 am
cough cough BREXIT cough cough
@TomRipley7350
December 27, 2023 at 2:22 am
So we have Moderna building a plant that can produce 250M vaccines a year in the U.K. and AstraZeneca setting up a mega plant over the water. They sure got us covered in the event of another virus. Almost if they’re expecting one…
@misfit2022
December 27, 2023 at 2:22 am
I said it at the time and haven’t changed my mind recession incoming. Some town centres are now stopping companies from relocating to malls because they are afraid of the damage to town centres. This says to me the town centres are dying especially at the current time as households have other priorities such as gas and electricity. If town centres are not getting any footfall or limited footfall it isn’t surprising companies want to move to malls or out of town shopping centres where there is.
@palerider955
December 27, 2023 at 2:22 am
I'd set up in a lower tax area too.
@davidweatherhead1431
December 27, 2023 at 2:22 am
Don't worry GB news your left leaning Labour will soon be in power
@davidweatherhead1431
December 27, 2023 at 2:22 am
Live from cape town FFS
@mountainsandmagic645
December 27, 2023 at 2:22 am
Tbf me and my family are now seriously discussing emigrating out of the UK . We can’t give the kids the life they deserve even on the stupidly high wages we have . The tax is just way too much.
@keithfrancis9293
December 27, 2023 at 2:22 am
Boo hoo.
So, the UK Government quietly drop the AZ injections of the mRNA liquid, no announcement just no longer available and AZ now go crying to Ireland "sob sob our profits have nose dived now that humans have had their fill of the mRNA liquid so can we build a plant in your country until Wuhan release the next enhanced virus ?"
"If we can then Vanguard and BlackRock will be most happy with us"
@Britishpatriot1
December 27, 2023 at 2:22 am
GB you're a disgrace for sacrificing Mark Steyn. Cowards