Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The filming of a new Tom Cruise blockbuster at a UK studio will create 500 jobs, Chancellor George Osborne said as he appealed to technology businesses to invest in the UK.
Science fiction thriller All You Need Is Kill, which also stars English actor Emily Blunt, is to be made at Warner Brothers' £100 million studios at Leavesden near Watford.
Mr Osborne was speaking at the latest in a series of business summits being held in London to capitalise on the Olympics by attracting international investment.
He announced a trio of investments in east London's Tech City technology hub by Vodafone, Barclays and Tokyo-based mobile social gaming company GREE Inc.
"Taken together, these major investments represent a triple whammy for Tech City. Coming so quickly after the announcements from Facebook and Amazon, British technology has hit a purple patch.
"You will not find a country anywhere in the world that is more open to technology, more open to investment and more open for business. We're putting in place the right vision and the right policies to help your company succeed right here in the UK.
"That's why the world's leading technology companies are beating a path to our shores. And that's why we will continue to do everything we can to help technology investors and entrepreneurs invest, innovate and succeed in the UK."
And he urged technology businesses to set up or boost UK bases, telling guests: "We will hold your hand and help you invest in the UK.
"We will do everything we can to help you innovate and succeed right here in this country."
Mr Osborne said the Government was "leading the world" in supporting technology companies and claimed ministers were pulling out all the stops to ensure the globe's top technology investors had everything they need to succeed in Britain.
The Chancellor said the Government was making "bold changes" to the tax system, pointing to the 5p cut in the top rate of income tax from 50p to 45p announced in March's Budget.
He added: "We have introduced the most generous early-stage investment tax breaks in any country in the world."
London mayor Boris Johnson said: "It's fantastic that more and more companies are taking advantage of the enormous benefits of doing business in London, and I am delighted to welcome these new additions to Tech City."
PA
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments