AstraZeneca Ditches £450m Investment in UK Plant: Here's What Happened

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AstraZeneca has scrapped plans to invest £450m in expanding a vaccine manufacturing plant in Merseyside, blaming a reduction in government support. The pharmaceutical giant announced the decision just two days after Chancellor Rachel Reeves set out Labour's plan to boost economic growth. The investment, announced last year in the Tories' spring budget, was dependent on a 'mutual agreement' with the Treasury and third parties. However, the company said that Labour ministers have offered less funding than their predecessors, leading to the cancellation of the project.

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