US financial companies promise investment in the UK before Trump’s visit

Saturday 13 September 2025 10:30
| Updated:

Saturday 13 September 2025 16:26

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US financial companies have announced investments in the United Kingdom worth £ 1.25 billion before Donald Trump’s state visit next week.

The Citi Group has confirmed that it will invest £ 1.1 billion in all its operations in the UK, while the S&P Global will place £ 4 million to their Manchester office.

Paypal has confirmed an investment of £ 150 million in product innovation and growth and growth of the Bank of America will create up to 1,000 new jobs in Belfast in its first operation in Northern Ireland.

Along with the announcement of the new investment, the company is committed to increasing commercial activities between the US and Britain in the coming years.

Blackrock allocated £ 7 billion to the British market for five years, while Rothesay plans to double its investment in the US with another 7 billion in the coming years.

Investment and capital commitment is parallel to the trade of £ 20 billion between the two countries – with around £ 8 billion to come to England and £ 12 billion to go to the US, said the Department of Business and Trade.

Business and Trade Secretary Peter Kyle said: “This investment reflects the power of our eternal ‘gold corridor’ with one of our closest trading partners, ahead of the visit of the US President.”

Openi and NVIDIA technology giant reportedly plans to uncover billions of investment dollars to the British data center during the next week’s visit.

Sam Altman, OpenAI chatgpt boss, and Chipmaker Nvidia chipmaker executive head, Jensen Huang, was understood as part of the US executive delegation to join Trump.

The two -day journey of the US President began on Wednesday and included staying overnight at Windsor Castle.

It appears because the future tariffs on British steel are still unclear.

When the British and the US signed a trade agreement in June, he reduced car import tariffs and aerospace to the US.

But there was no agreement on similar arrangements for British steel imports achieved, leaving a steel tariff of 25%.

A government spokesman said: “Our special relationship with the US remains strong.

“Thanks to our trade agreement, Britain is still the only country that avoids 50% of steel and aluminum tariffs, and we continue to partner with technology such as AI, Quantum, and cyberspace security in our trillion dollar technology sector.

“We will work with the US to implement this important agreement as soon as possible to give the security industry they need, protect vital work, and put more money in people’s pockets through changes in change, and welcome the president at this historic country visit.”

By Helen Corbett, PA Political Correspondent