GSK confirms £500 million UK investment, more to follow?
This article was originally published in Scrip
Executive Summary
Just one day after the UK budget confirmed that the long awaited "patent box" would slash corporation tax, GlaxoSmithKline has today confirmed it will indeed be investing £500 million in UK manufacturing. But while UK industry appears to believe that the patent box and yesterday's budget make the UK more competitive, they say there is still more to do to guarantee investment.