Huawei's $1.73b investment in UK to go ahead despite Brexit vote

Chinese technology company Huawei told the British government on Tuesday that its planned investment in the country would go ahead despite its voting to leave the European Union, business minister Sajid Javid said.
"Investors have reaffirmed their commitment to the UK. For example just today Huawei confirmed to the government that its planned 1.3 billion pound ($1.73 billion) investment in the UK will go ahead as planned," he told a news conference.


Securing access to the European Union's single market is the top goal in Brexit negotiations, Javid said on Tuesday, as a business group warned the government was a long way from having a clear plan for its future ties with the bloc.


The minister hosted a meeting of business organizations and representatives from Britain's largest trade sectors to seek to reassure them after last week's shock referendum vote to leave the EU sparked a meltdown in financial markets.


"The biggest issue raised was the need to secure continued access to the single market. While I am not in any position to make promises, I assured everyone that my number one priority will be just that in the negotiations to come," he said after the meeting.


Javid, who had campaigned for Britain to remain in the bloc, is seen as a candidate to become the next finance minister in a new government after Prime Minister David Cameron announced he would step down by October.


The article transsshipment from China Daily