U.K. Seeks to Take Sting Out of Brexit With Industrial Strategy [Bloomberg Business News]
Qiagen N.V. Common Shares (QGEN)
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Source: Bloomberg Business News
Business Secretary Greg Clark said reviving Britain’s flagging productivity lies at the heart of the industrial strategy he’ll unveil on Monday to help chart the future of Britain’s economy as the country leaves the European Union. While Britain would pursue the strategy “regardless” of Brexit, the plan will take the sting out of the uncertainty sparked by the U.K.’s EU departure, Clark said in an interview in London before Monday’s publication of the flagship policy, which was also preceded by an announcement that health-care company Merck & Co. and diagnostics provider Qiagen NV will set up new research facilities in Britain. “Until we get a final agreement” on Brexit, “clearly there is going to be some uncertainty,” Clark said. “So it seems to me that it’s especially important to cast ahead to the long term and provide as much clarity as you can about what the fundamentals of our business environment are going to be. That’s what we’re doing in the industrial strate
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