Growing the UK Economy Debate

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Department: HM Treasury

Growing the UK Economy

Blake Stephenson Excerpts
Wednesday 29th January 2025

(2 days, 6 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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Pithy, Madam Deputy Speaker! Yes, I completely endorse my hon. Friend’s question. He knows very well that in the technology space there are huge opportunities for investment in the UK. Our AI investment zone announcement will be the first of many such announcements in the years ahead.

Blake Stephenson Portrait Blake Stephenson (Mid Bedfordshire) (Con)
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I thank my constituency neighbour, the hon. Member for Bedford (Mohammad Yasin), for campaigning so tirelessly to bring Universal Studios to my constituency. Constituents in Mid Bedfordshire and across the country will be surprised not to hear the Government back Universal Studios. Will the Minister confirm when he intends to conclude negotiations with Universal Studios and come back to the House with an update?

Darren Jones Portrait Darren Jones
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I am afraid I cannot give the hon. Gentleman a date, because negotiations are, as he will know, negotiations. They are ongoing, but I am hopeful that we will be able to come back shortly with updates to show that we are able to deliver deals much faster than his party, when it was last in government.