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International Business Times
International Business Times
Business
AFP News

Amazon To Invest GBP8 Bn In UK In Boost For New Labour Govt

Amazon Web Services is a subsidiary of the US tech giant (Credit: AFP)

US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.

The announcement is a welcome boon for Britain's recently elected Labour government, which has put firing economic growth at the heart of its pledge to "rebuild" the country.

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