Britain and Japan to agree on an investment deal worth £18bil


Britain's Prime Minister Keir Starmer (left) and his wife Victoria attend the King's Birthday Parade "Trooping the Colour" in London on Saturday, June 13, 2026. -- Photo by Toby Shepheard / AFP

LONDON/TOKYO (dpa) The United Kingdom and Japan are set to agree £18 billion (S$24.1 billion) worth of investment, creating tens of thousands of jobs.

Prime Minister Keir Starmer will welcome his Japanese counterpart Sanae Takaichi to Downing Street on Sunday ahead of the G7 summit next week.

More than 10 commercial and government agreements are expected to be signed including a £9 billion offshore wind deal.

It will also include Rolls-Royce deepening its collaboration with Japan’s Atomic Energy Agency, Starmer's office said, signing a new agreement to develop next generation technologies.

Japanese and British business leaders will join for a discussion on future opportunities for economic growth.

Starmer said: "These landmark agreements will bring multibillion-pound investment into the UK, creating tens of thousands of new jobs and driving new developments.

"As G7 economies and close security partners, we are working together with Japan on some of the most innovative technology in the world, harnessing the best of British and Japanese research and industry to deliver growth and security to every corner of the UK.”

Discussions will also include helping UK defence firms access Japanese investment, Starmer's office said.

It comes after Starmer’s leadership survival plans were rocked by the shock resignation of John Healey as defence secretary over a dispute about long-term funding for the military.

Healey was joined in his exit from government by armed forces minister Al Carns, as well as two parliamentary aides, heaping pressure on the prime minister, who is already facing the threat of a leadership challenge. -- dpa

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Trump to participate in G7 working session with Zelensky
Zaid Ibrahim joins PAS
Barisan mobilising machinery in full force to ensure victory at Johor and Negri state polls, says Zambry
What World Cup? New York gripped by Knicks frenzy
Motor racing-Russell takes Barcelona pole ahead of Hamilton, Leclerc crashes
Trump to meet with Middle East leaders, attend Ukraine session at G7, US officials say
'We will miss her so much' Thais ignore searing heat and gather in Thai capital to mourn late princess
Women's cricket showpiece can co-exist with football World Cup, says ICC chief
Asean News Headlines at 10pm on Saturday (June 13, 2026)
Iran says deal with US won't be signed Sunday

Others Also Read