Rishi Sunak praised the anticipated £29.5 billion in additional investment as a “huge vote of confidence” in the UK economy.

The Autumn Statement last week featured some steps to stimulate more company investment.

However, it occurred against a backdrop of weaker growth predictions.

The Autumn Statement policies were primarily intended to convince domestic enterprises to increase their investment.

According to the government, the UK’s track record of attracting foreign investment remains robust.

Nissan stated last week that it would construct three electric car models at its Sunderland plant as part of a £2 billion investment plan that may safeguard up to 6,000 UK jobs.

Mr Sunak, on the other hand, recently announced the cancellation of the HS2 high-speed train project from the West Midlands to Manchester.