PARIS, March 10 (Reuters) - British Prime Minister Rishi
Sunak said on Friday he was talking to the United States and
European Union about the U.S. Inflation Reduction Act amid
concern it could make European markets uncompetitive.
There are concerns in Europe that the United States' $369
billion of subsidies for electric vehicles and other clean
technologies could put companies based on the continent at a
disadvantage.
Britain's finance minister Jeremy Hunt has called the act a
"very real competitive threat."
Asked if the U.S. measures could drive investment away from
Britain and into the United States, Sunak said "my general view
is that it's better for all of us to maintain free and open
markets."
"We just need to make sure that everyone remembers that that
is our best long term route for all of our prosperity and
security," Sunak told reporters en route to a summit with French
President Emmanuel Macron
"We're engaged in conversation with the EU and U.S. about
the implementation of some of these things."
(Reporting by Alistair Smout; editing by William James)
Messaging: alistair.smout.thomsonreuters.com@reuters.net))
