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Business

Google commits to London despite Brexit

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Opening sequence

Business

Google commits to London despite Brexit

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COMING UP:Google commits to London despite Brexit

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Transcript

00:00:00
>> Google has had a think about Brexit and decided to commit to London anyway. The US tech giant saying Tuesday that it will create 3000 new jobs in the city. They will be based in a new tower at it's Kings Cross campus. Chief executive Sundar Pichai was in town to make the announcement.
00:00:19
>> We understand there's uncertainty and concerns about topics like Brexit. And the pace of technological change in our times. But we know for certain that web and digital technology will be an engine of growth for the UK for years to come.>> Britain's finance ministry calling the decision a big vote of confidence in the country.
00:00:39
London mayor who opposed Brexit says it's more a tribute to the capital.>> Well it's a sign of confidence in London. London really is open and it's a tribute to Google invested in young Londoners, people who have been working in the job market now and in the future, I'm really pleased that Sundan is here himself to make the announcement.
00:01:00
>> Construction of Google's new London facility is due to be completed in 2018. By then the UK is due to be about half way through the two year Brexit process. And Google will have a better idea, if it was right to stick around.