AstraZeneca has scrapped plans to invest £450m in expanding a vaccine manufacturing plant in Merseyside, blaming a reduction in government support. The pharmaceutical giant announced its decision just two days after Chancellor Rachel Reeves set out Labour's plan to go "further and faster" to boost economic growth.

AstraZeneca has abandoned a £450m investment in a major UK vaccine plant just days after Rachel Reeves vowed to “kick-start economic growth...

AstraZeneca on Friday scrapped plans to invest 450 million pounds ($558.3 million) in its vaccine manufacturing plant in northern England, citing a cut in British government support. The decision to d

Pharmaceutical company AstraZeneca has cancelled a planned 450 million-pound investment in a vaccine manufacturing plant in northwest England.

The pharmaceutical giant says the new Labour government has offered less investment than their Conservative predecessors.

Several factors have influenced this decision including the timing and reduction of the final offer compared to the previous government’s proposal'

Fresh blow for Rachel Reeves as AstraZeneca scraps £450m investment in UK vaccine plant - The pharmaceutical giant claimed the Labour Government failed to match its predecessor’s offer