AstraZeneca Scraps £450M Vaccine Factory in UK, Dealing a Blow to Reeves
AstraZeneca has withdrawn its planned £450 million investment to expand a vaccine manufacturing facility in Liverpool, citing reduced financial support from the new Labour government. Initially announced in the previous Conservative government’s budget, the expansion was intended to enhance the UK’s life sciences sector. However, the pharmaceutical company decided to halt the project after negotiations with the Treasury resulted in a lower funding offer than initially proposed.
Despite the cancellation, AstraZeneca confirmed that its existing Speke facility would continue to operate, ensur...
