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World

Facebook to create 500 UK jobs despite Brexit

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World

Facebook to create 500 UK jobs despite Brexit

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COMING UP:Facebook to create 500 UK jobs despite Brexit

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00:00:00
>> The UK, still one of the best places to be a tech company, so says Facebook, announcing plans on Monday to create 500 extra jobs when it opens a new London headquarters next year. It's a resounding vote of confidence despite June's Brexit referendum and a 50% increase in Facebook's UK workforce.
00:00:22
It follows Google's announcement last week that it will expand its London workforce to about 7,000 employees from 4,000 now. The two US tech giants seeming to quash fears that international companies will desert Britain because of its decision to quit the European Union. UK Prime Minister Theresa May courting businesses with a pledge to cut corporation tax on Monday from 20% now to even lower than the 15% promised by Donald Trump before the US election, according to British media reports.
00:00:54
A clear bid to woo companies from business-friendly Ireland, and other parts of the European Union, May has promised Brexit Britain will be unashamedly pro-business.