News
The UK is now the second most attractive country for investment, according to PwC’s survey of 5,000 CEOs. With 14% favouring the UK, it surpasses China and Germany. Chancellor Rachel Reeves calls it a “vote of confidence” in Britain’s economic potential.
News
Nissan and JATCO’s £50 million investment in Sunderland will create 183 jobs and produce 340,000 EV powertrains annually by 2026. Backed by the UK government, this marks a major boost for the nation’s EV sector and strengthens its global manufacturing position.
Government Policies
The UK government invests £7 million in 120 AI projects, helping small businesses boost productivity, reduce waste, and improve efficiency. From bakeries predicting demand to AI-driven road maintenance, this initiative showcases technology’s potential to transform industries.
analysis
The UK faces critical trade decisions in 2025, impacting its economy and business confidence. Key focuses include rebuilding EU ties, advancing the GCC free trade deal, and addressing US-China dynamics under Trump. A clear, cohesive policy framework is urgently needed.
China Airlines introduces trousers for female cabin crew, marking a milestone in its 65-year history. Combining elegance and practicality, the new uniforms enhance mobility, safety, and comfort, reflecting the airline’s commitment to gender equality and employee well-being.
analysis
The UK’s re-entry into Horizon Europe in 2025 offers exciting opportunities for collaboration with Taiwan in green energy, AI, and healthcare innovation. Together, they can drive sustainable development, boost trade, and shape a more innovative global future.
Government Policies
The UK is expanding its electronic travel authorisation (ETA) scheme, requiring all non-British and non-Irish nationals to apply before entry. The rollout begins November 2024, with a £10 fee and a straightforward application process.
analysis
As the UK faces zero economic growth in Q3 2024, challenges like weak demand and policy uncertainty arise, but opportunities for Taiwanese businesses exist in innovation, talent acquisition, and sustainable projects. Collaboration could unlock long-term benefits.
News
UK inflation rose to 2.6% in November, driven by higher fuel, clothing, and housing costs. This marks the second consecutive increase, posing challenges for households and policymakers. The government and Bank of England face pressure to balance inflation control with economic growth.
News
Discover Steph Huang’s “See, See, Sea” at Tate Britain, an inspiring exhibition blending sculpture, sound, and film to explore humanity’s relationship with food, trade, and the sea. On until 5 January 2025, admission is free. Dive into this thought-provoking experience today!
News
Britain’s love for tea is waning, especially among younger generations. Traditional tea faces competition from herbal drinks, iced teas, and coffee. With sales declining, brands like Twinings are innovating with ready-to-drink options to stay relevant in the shifting market.
Event
UKTW.ORG’s October events showcased UK-Taiwan synergy, featuring “A Taste of Taiwan” in the UK and “UK Investment Trends” in Taiwan, with insights from Piers Gopsill. Thanks to sponsors like China Airlines UK & CBRE, the events fostered cross-border collaboration!